The Government and the National Construction Authority (NCA) have rolled out nationwide stakeholder sensitisation programmes of the National Building Code 2024, a groundbreaking framework set to revolutionize the construction industry.
The cost of building a house in Kenya has risen by 45 percent since 2021, with industry stakeholders attributing the increase to the global high cost of living. Reasons for this increase include currency devaluation that saw the Kenyan shilling shed at least 23 percent in value against the US dollar, pushing up importation costs and high fuel cost, impacting production and transportation.
Construction Costs to Skyrocket as Government Slaps 35% Tax on Interior Design Finishing Materials: Kenya's construction sector is bracing for an impact with the government's new 35% excise duty on imported interior design materials, which could increase construction costs by 12-18%.
