29/09/2026
Steel is rarely discussed outside construction sites, but it is the base layer of East Africa's economy.
In Kenya, local steel mills are caught in a difficult squeeze. They face some of the highest industrial power tariffs in the region, paying up to $0.10 to $0.20 per kilowatt-hour, compared to a fraction of that in neighbouring countries. At the same time, a shortage of local scrap metal forces mills to import billets, exposing their operations to foreign exchange volatility.
When factory costs rise, the impact ripples outward into building costs, housing projects, and infrastructure development across the country.
Read the full story on The Ledger Africa.
IMAGE/KNA