Kenyan billionaire Narendra Raval unveils $550m steel plant

Feralpi Stahl and JUWI Cooperation Could Make Saxony a Pioneer in Climate-Friendly Steel

In Saxony, Feralpi Stahl and JUWI are exploring whether locally generated wind and solar power could in the future supply the Riesa steel plant. A memorandum of understanding marks the potential start of closer cooperation, which could also provide additional momentum for the energy transition in the region. The steel company Feralpi Stahl and project developer JUWI are evaluating whether planned JUWI wind farms in Central and Northern Saxony ar…

Kenyan billionaire Narendra Raval unveils $550m steel plant

Kenyan billionaire industrialist Narendra Raval has launched a Ush2 trillion ($550 million) steel plant in Tororo, Uganda, marking one of the largest industrial investments in the region in recent years. The ceremony on Sunday, Nov. 23, drew three heads of state—Uganda’s Yoweri Museveni, Kenya’s William Ruto, and Rwanda’s Paul Kagame—underscoring the political and economic weight the project carries across East Africa.Raval, who chairs Devki Gro…