Cement Firms Export Income Falls 65pc

Workers at an affordable housing project in Ngara on Park Road, Nairobi. FILE PHOTO | NMG

By Constant Munda

Earnings from exports by Kenyan cement firms have touched a new low, signaling loss of job opportunities to regional countries in the wake of a drop in domestic orders.

Preliminary exports statistics by the Central Bank of Kenya (CBK) show income from domestic cement exports plunged to Sh362.28 million in the first six months of the year, a 65.28 percent dip compared with Sh1.04 billion a year earlier.

Kenya’s cement exports in the review period have been declining sharply since 2015 largely due to setting up of new grinding plants and expansion of existing ones in Uganda and Tanzania…Read more>>

LEAVE A REPLY

Please enter your comment!
Please enter your name here