ARM RHINO Cement

Steel prices The price of a tonne of metal reduced by 35% to trade at KSh 162,134 on the New York Stock Exchange on Monday, September 26, down from KSh 247,630 reported in April 2022. Read more: https://www.tuko.co.ke/business-economy/economy/475601-cost-construction-kenya-drops-cement-steel-prices-retreat-increased-supplies/

The Kenya National Bureau of Statistics (KNBS) data showed that the demand for cement increased by 18% in June 2022, after plummeting at the start of the year. Read more:

Bei ya simiti, chuma imeshuka: Relief as cost of building materials drop Kenyan developers can now breathe a sigh of relief as the prices of steel products and cement dropped after seven months of increase due to global shortage.

The prices of cement and steel products dropped amidst an increase in the supply of raw materials for the products. Read more:

Bei ya simiti, chuma imeshuka: Relief as cost of building materials drop Kenyan developers can now breathe a sigh of relief as the prices of steel products and cement dropped after seven months of increase due to global shortage.

Devki to lower cement prices with new West Pokot plant next year It will take 18 months to complete.

Highlights from the Chairman to share holders.

1. The 2020 pandemic that hit many sectors of the economy did not spare the capital markets. Many listed companies were affected.

2. A key challenge experienced was panic selling by investors which was a global phenomenon as advanced economies and markets aswell were not spared.

3. Stable operations and business continuity remained and still remain the core focus at the exchange to keep operating effectively.

4. The good news is that we are on a recovery as a result of many inteventions including monetary policies put out in place by government, the advancement of vaccines amongst others.

5. We are glad that we remained profitable amidst all.

Key Highlights from the Chief Executive
1. The NSE has remained resilient and profitable amidst the challenges being faced.

2. 94% achievement Driving Strategic Implementation under the four pillars
- Sustainable Business Growth
- Strategic Partnerships
- Operational Excellence
- People

3. NSE is proposing a corporate restructuring that will result in the adoption of a new Group Structure. The aim is to create operational efficiencies, improve governance, de-risk the businesses and make the them profit centric.

Cement consumption has been declining since the last quarter of 2020 on reduced activity in the infrastructure and real estate sectors that have been scorched by tough economic conditions as well as labour shortages https://www.businessdailyafrica.com/bd/markets/market-news/cement-four-month-low-on-projects-freeze-3402902 via business daily

Cement usage at four-month low on projects freeze Cement consumption slumped to a four-month low in February as investors either froze or scaled down construction projects.