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 5.8% in 2014, according to the Kenya National Bureau of Statistics. The construction industry was estimated to have grown by 13.1% in 2014, up from 7.3% in 2013. The Kenyan government has invested heavily 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 and Economic Development (LAPSSET) broke ground in 2014 and early 2015 and construction began on the Standard Gauge Railway (SGR), although there have been delays because of land disputes. Despite a number of problems, including increasing corruption, a reduction in tourism as a result of negative geopolitical associations and security fears and the attack by al-Shabaab on Garissa University in April 2015, Kenya has remained economically and politically stable and maintained international credibility. This report takes look at the abovementioned factors as well as providing an update on what has happened in the Kenyan construction industry during the last year, with specific focus on the last three months.
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