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Kenya’s steel miller makes Sh65 billion investment in Uganda
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Company does not reveal absolute numbers, but contributed 50% more to the production of its first fraternity with Arabic inputs
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Kenya’s steel miller makes Sh65 billion investment in Uganda
When Kenya-based steel miller Devki Group broke ground in Tororo, Uganda, on November 23, it signalled that demand for steel products is already substantial across East Africa. The USD 500 million mega project (Sh65 billion), scheduled for completion by the end of 2027, will raise Devki’s total regional investment to USD 1.1 billion. Billionaire industrialist Narendra Raval, the founder and chairman of Devki Group, is tightening his grip on the …
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