Devki tycoon Raval splashes over Sh200bn on cement, steel plants

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Industrialist Narendra Raval has pledged investments worth over Sh200 billion in the past five years, expanding his steel and cement empire beyond Kenya into Uganda and Rwanda.

His investments include the recent Sh70 billion cement and clinker plant in Ngaaie, Kitui County, a Sh45 billion clinker factory in West Pokot, the acquisition of Rwanda’s CIMERWA Plc for Sh13.6 billion and a proposed clinker plant in Musanze, Rwanda, estimated at about Sh27 billion.