Eastern Africa
Kenya: Value of Construction Approvals in Nairobi falls to eight-year Low
The value of building approvals in Nairobi for the 11 months to November 2020 fell to Ksh150.5 billion (approx. US$1.39 billion); a new low that has not been seen in the last eight years.
This dip has been attributed to the Covid-19 pandemic. The last time the Nairobi city council saw these kinds of low numbers was in November 2012 at Ksh171.3 billion.
The Kenya National Bureau of Statistics (KNBS) published data that showed applications for residential buildings stood at Ksh105.6 billion. These numbers on residential buildings haven’t
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