CONSTRUCTION SECTOR: Build and sale agreements driving demand
There is hope among players in the construction industry that demand for materials such steel and cement for the residential sector is set to double as the economic activity returns. This trend however is being overtaken by demand for build and sale segment, which helped the ever increasing numbers of first time home owners. A recent IMAC 2020 sector report indicates the residential sector represents the largest application segment owing to the several ongoing residential projects in the EAC region.