Kenyan billionaire Narendra Raval starts building $386 million cement plant in Kitui
Narendra Raval's Devki Group has begun building a 50 billion shilling cement factory at Ngaaie in Mwingi North, due to open in mid-2027.
Devki Group
Kenyan billionaire Narendra Raval is building a 60MW wind farm to power his cement plants
National Cement, the Devki subsidiary that makes Simba Cement, has applied to build 38 wind turbines in Kajiado County to power its own operations.
Narendra Raval built Kenya's biggest cement and steel empire but tax battles and political scrutiny are testing his limits
Narendra Raval built Kenya's biggest cement and steel empire from a small hardware shop in Gikomba Market, but mounting tax battles and political scrutiny are now testing his limits.
Kenyan billionaire Narendra Raval's Devki Group wins local approval to start Kishushe mining in Taita Taveta county
Shareholders at Kishushe Ranch in Kenya’s Taita Taveta county unanimously approved Devki Group’s mining plans, with officials promising jobs and road upgrades.
Kenyan billionaire Narendra Raval breaks ground on $500 million steel plant in Uganda
Devki’s $500 million Tororo steel plant, launched by Museveni and Ruto, aims for 15,000 jobs and a million tonnes a year.
Kenyan billionaire Narendra Raval unveils $550 million steel plant in Uganda
Kenyan billionaire Narendra Raval launches a $550 million steel plant in Uganda, expanding Devki Group’s regional footprint.
Kenyan tycoon Narendra Raval targets 7,610 acres to mine iron ore for steel plant
The application covers 30.8 square kilometers, or about 7,610 acres. Iron ore, which is mainly used to make pig iron, is a key raw material in steel production.
Devki Group launches $84.7-million iron ore pelletization plant, targets 14,000 jobs in Kenya
Devki Group’s $84.7-million iron ore plant in Kenya promises to create 14,000 jobs, strengthen local mining, and drive the country’s industrial growth.
Cemtech eyes 5,500 clinker plant as Narendra Raval tightens grip on Kenyan market
Under Raval’s leadership, Cemtech has submitted an environmental impact assessment (EIA) report to the National Environment Management Authority (NEMA) for review.
Kenyan tycoon Narendra Raval’s Devki Group secures $32.7-million credit facility
The news of this substantial credit facility coincides with Narendra Raval’s decision to shift a significant portion of Devki Group’s business accounts to Stanbic Bank Kenya.
Kenyan tycoon Narendra Raval takes over Rwandan cement giant in $84-million deal
Devki Group Founder and Chairman Narendra Raval announced the completion of the acquisition, expressing enthusiasm about the prospects it holds for both countries.
5 companies owned by Kenyan multimillionaire Narendra Raval
Billionaires.Africa has identified five companies owned by Raval.
Kenyan billionaire Narendra Raval faces sanctions for inflating steel prices
The Competition Authority uncovered evidence of price fixing, where nine companies, including Raval’s Devki Steel Mills, collaborated to collectively set prices.
Kenyan multimillionaire industrialist Narendra Raval plans 60 MW wind farm
The decision to establish the wind power plant, a strategic maneuver to cut operating costs, follows an earlier revelation.
Kenyan tycoon Narendra Raval backs Finance Act to boost local manufacturing
Raval’s endorsement underscores the potential for the legislation to revitalize Kenya’s manufacturing landscape.