Kenya contractors’ income doubles on real estate boom

In 2016, some 148,022 contractors were involved in the building industry, up from 106,114 in 2012, according to the KNBS data. FILE PHOTO | NMG

The wage bill for large-scale building contractors nearly doubled in the five years to 2016, signalling a labour crunch amid a boom in real estate and mega infrastructure projects.

Compensation for workers in the building industry climbed to Sh16.87 billion in 2016 from Sh8.84billion in 2012 — representing a 90.8 per cent jump, data by the Kenya National Bureau of Statistics (KNBS) shows.

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Note: The results are not exact but very close to the actual.