Wilson Mugambi is at a point in his career where he can play golf in the morning, go back home to rest, and if he has no pressing business engagements call it a day.
Nairobi’s building approvals dip Sh33bn on pandemic
Summary
The value of building approvals in Nairobi fell Sh33.4 billion in the two months to February, compared to a similar period last year as investors froze investments on the economic uncertainty caused by the Covid-19 pandemic.
Data by the Kenya National Bureau of Statistics (KNBS) shows that approvals fell to Sh18.4 billion, representing a 35.5 per cent decline.
The declining performance of the larger built environment industry is attributed to high national debt, labour shortages and reduced infrastructure spending.
Thursday May 13 2021
By KEVIN ROTICH
Summary
The value of building approvals in Nairobi fell Sh33.4 billion in the two months to February, compared to a similar period last year as investors froze investments on the economic uncertainty caused by the Covid-19 pandemic.
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