Kenya's cement exports decline 65% in 1H19

Kenya's cement exports decline 65% in 1H19
22 August 2019

Kenya’s domestic cement exports have recorded a 65.3 per cent decline in value to KES362.28m (US$3.5m) in the first six months of the year, against KES1.04bn in the 1H18, according to preliminary cement exports statistics from the Central Bank of Kenya (CBK).

The country’s cement exports have been declining since 2015, with the decline attributed to new grinding plants and brownfield grinding expansions in Uganda and Tanzania, reports Business Daily.

"A lot of Kenyan cement was supplying in the Ugandan market but now with the increase in capacity in Uganda, that has lowered the need for Kenyan operations of Bamburi to supply," said Judd Murigi, head of research, ICEA Lion Asset Management.

Published under Cement News