In 2022, Kenya’s construction industry saw growth of 4.1%, fueled by a loose regulatory
environment and improvements in infrastructure that attracted investors.
Nairobi, for instance, saw a 58 percent increase in the number of building plans that were
authorized, according to Kenya’s Economic Survey 2023, which was published in early May.
This made it possible to invest more than Ksh 162.5 billion ($1.18 billion) on real estate in the
nation’s capital. As a result, from 9.1 million metric tonnes in 2021 to 9.5 million metric tonnes
in 2022, cement consumption also increased.
National roads covered in bitumen rose in length from 18,700 km in 2021 to 19,100 km in 2022.
Earlier research by real estate firm HassConsult in April shows that improved infrastructure and
affordability of land, especially in satellite towns, made the country attractive for potential real
estate investors in the first quarter of 2023.