Devki’s Sh70bn cement plant escalates billionaire battle for Kenya’s cement market.
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Billionaire Narendra Raval has tightened his grip on Kenya’s construction sector with the launch of a Sh70 billion cement and clinker plant, underlining the scramble among tycoons for the key raw material.
Located in Ngaaie, Kitui County, the plant will produce three million tonnes of clinker annually, pushing Devki Group Group’s total capacity to 9.2 million tonnes.
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Reported by businessdailyafrica.com.
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