Table of Contents
The Kenyan construction industry has seen significant growth over the past year and has been one the main drivers of an estimated GDP growth of 5.4% in 2014, according to the World Bank. The construction industry was estimated to have grown by 11.1% in 2014, up from 8.6% in 2013. The Kenyan government has heavily invested in its infrastructure development programme, which has attracted foreign interest from large corporations to take on these mega-projects. A number of Kenyan projects relating to the Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor project broke ground in 2014 and early 2015. However, the tourism industry in the country contracted further as a result of negative geopolitical associations and security fears. The issue of corruption has also not been tackled effectively by stakeholders as the country fell further on the Corruption Perceptions Index. This report provides an update on what has happened in the Kenyan construction industry in the last nine months as well as focusing on the above-mentioned factors.
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