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    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

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    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Cement production hits 6.3m tonnes on rising demand

bycitibusinessnews
March 1, 2016
in Africa, Business, East Africa, Top Stories
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Cement production last year crossed the six million tonne mark for the first time as manufacturers upped capacity to capture demand from a construction boom driven by infrastructure projects and real estate.

Data from the Kenya National Bureau of Statistics shows that cement manufacturers produced 6.3 million tonnes, up from 5.8 million tonnes produced in 2014.

Real estate has continued on an upward trend with Nairobi county government- which approves all developments in the city- recording a six per cent jump in the value of approvals last year.

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City Hall approved buildings worth Sh242 billion last year, up from 228 billion a year earlier.

Although a lot of real estate activity is ongoing at the city, other counties especially those around Nairobi have seen huge growth in the number of malls, apartment blocks and single residential units due to the relative low cost of land compared to the capital.

These include counties like Kiambu that has several ongoing and planned real estate projects like Two Rivers Mall and Tatu City. Areas like Ngong, Ongata Rongai and Kitengela which are in Kajiado County have also seen huge growth in construction projects.

The government’s infrastructure projects- especially the 472km standard gauge railway (SGR) – have also spurred production, giving manufacturers an extra revenue stream.

Bamburi Cement earlier this month reported it has earned Sh1 billion from supply of cement to the SGR contractor making it one of the biggest gainers from the ongoing construction of the Mombasa-Nairobi line.

The cement maker said that it supplied 300,000 tonnes of cement to the rail project since September 2014.

–

Source: Businessdailyafrica

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