Macro Analysis /
Kenya

Kenya cement demand up 27% yoy as infrastructure projects take shape

  • Investment in roads drives up cement consumption

  • Lower approvals in the real estate segment point to lower demand in the private sector segment

  • Bamburi Cement rode the wave of post-Covid recovery in Kenya, but sector still faces price weakness and cost pressure

Kenya cement demand up 27% yoy as infrastructure projects take shape
Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Janet Ogunkoya
Janet Ogunkoya

Senior Research Analyst

Tellimer Research
2 September 2021
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