Am looking at a very interesting paper at Vox research that concludes " ....The bottom line is that there is good reason to believe that a healthier construction sector has come at the expense of manufacturing strength and competitiveness, and that reversing some of the incentives to invest in housing should have a favourable payoff in terms of trade performance in the medium term...
LInk

[quote=mkonomtupu]That could true considering what our CBK saying on our economy


"Central Bank is also concerned that the country’s foreign exchange inflows from tea exports to the MENA region, which account for about a third of Kenya’s tea exports are likely to be affected. CBK observed that growth in exports has been sluggish with little diversification away from the traditional exports of coffee, tea and horticulture while imports have largely been essential goods whose demand does not respond to price changes.

These include machinery and transport equipment, manufactured goods and oil products for industrial purposes.

According to CBK the huge import bill in the current account increases demand for foreign currency, while slowdown in exports of goods reduces the inflow of foreign currency.

The combined effect exerts pressure on the exchange rate to weaken.

Kenya’s current account balance has generally been in deficit since 2004 when the deficit stood at 0.82 per cent of gross domestic product ( GDP).

The deficit widened to stand at about 10 percent of GDP in 2012 largely reflecting a faster growth in imports of goods into the country relative to exports."
http://www.standardmedia...ew-vat-law&pageNo=2[/quote]

again look at kiambu county...a lot of coffee plantations have been uprooted to make way for real estate. this obviously hurts agriculture and our exports.