Bitumen for sale in Kenya
Bitumen for sale in Kenya is one of the most noticed subjects by foreign investors in Kenya.
Kenya and other countries in East Africa are not a producer of bitumen and, like most African countries,
import it from abroad, mainly from the Middle East.
The bitumen market in Africa has a clear outlook due to the approach that the country has taken
in recent years to develop infrastructure in various sectors, including road and transportation.
Generally speaking, the largest share of bitumen consumption is related to the construction, road maintenance sector.
In this regard, the demand for bitumen products in Kenya is increasing with the budget allocated
in recent years for construction, road maintenance, and transportation infrastructure in this country.
Economic growth due to the bitumen for sale in Kenya, which has always averaged 10 percent
over the past 10 years and was projected to grow by about 9 percent this year (before the outbreak of the coronavirus),
has increased demand for modern and better infrastructure.
Investment in road construction and maintenance has always been one of the East African
countries’ government’s most fundamental investments over the past decade.
According to the Kenyan Central Bank, in the fiscal year 2018 to 2019, total investment in road
construction and development (excluding urban roads) increased by 12.6% compared to the previous year
, from 33.1 billion beers (about $ 1 billion) in the previous year. It has reached 37.3 billion from 2018 to 2019.
In the budget for the fiscal year 2019-2020, the road sector is the second most expensive
part of the country, with 46.7 billion allocated for the start or completion of various road projects in the country.
According to the Kenyan Road Authority, the country’s road coverage under
the Second Five-Year Development Plan (GTPII) from 100,000 km in 2015 should double to 200,000 km by the end of 2020.
According to statistics from the Road Authority and the Central Bank, from 2018 to 2019,
the total road network reached 138,127 km, which represents an annual growth of 9%.
The asphalt road network accounts for about 11.5 percent of the country’s road network,
which is 15 percent less than the targets set in the GTPII program for the 2018-2019 fiscal year.
The government plans to upgrade road communications in new cities to encourage investment by industrial sectors
in those areas improve the condition of roads leading to important economic corridors such as the port of Djibouti,
the port of Barbara in Somalia, the port of Sudan and even the port of Mombasa in As an alternative,
Kenya’s improving communication with the regions that produce exported food products to increase
the amount of exported products makes the construction of new roads in the country vital for continued economic growth.