The value of new building plan approvals within Nairobi County slumped to a 20-month low of Sh8.6 billion in January this year, levels last seen in May 2023, on the back of sustained contraction of the country’s construction sector.
New data from the Kenya National Bureau of Statistics (KNBS) indicates that the value of January approvals in Kenya’s capital dropped 60.1 percent in reference to the Sh21.4 billion worth of buildings okayed in December last year.
