High cost of inputs hurting steel sector The Star Image: JOHN CHESOLI
•Kenya s steel sector is strongly linked to the growth of complementary sectors such as housing and construction, energy and electronics and chemical and allied.
•Presently, Kenya’s Metal sector (iron & steel) forms approximately 13 per cent of the manufacturing sector.
The demand for steel is increasing in the country, as government-driven infrastructural development, and commercial and residential buildings surge.
Steel is a core piece of the modern economy. It is used as a paradigm to gauge the overall economic status of a country, as well as an indicator of the investments dedicated to infrastructure and subsequently, a measure of developmental progress and stability.
Kenyan Luxury Car Owners Pouring Millions in Uganda
A yellow Lamborghini Urus.
Research on some of Kenya s most luxurious cars by
Kenyans.co.ke produced interesting results key among them being the fact that some of the most expensive cars in the country have Ugandan registration plates.
From a yellow Lamborghini Urus that retails at Ksh24 million (pre-tax) to a sleek blue and black BMW i8 (Ksh16.2 million pre-tax) to the Range Rover Autobiography (Ksh17 million pre-tax), among other high-end vehicles.
If imported and registered fully within Kenya, the owners of these top-of-the-range machines would have ended up paying double the actual cost of the vehicles due to relevant tax laws.