Kenyan billionaire Narendra Raval has spent $1.5 billion on cement and steel plants
Kenyan tycoon Narendra Raval's Devki Group has committed more than Sh200 billion over five years to new cement and steel capacity across East Africa.
Devki Group
Kenyan billionaire Narendra Raval's Devki seeks to mine iron ore on 7,370 acres
Devki Steel Mills, owned by Kenyan billionaire Narendra Raval, has applied for a licence to mine iron ore on 7,370 acres in Taita Taveta County.
Kenyan billionaire Narendra Raval says leaders tried to move $539 million cement plant
Kenyan billionaire Narendra Raval says leaders pressured him to move his $539 million Kitui cement plant, as President William Ruto laid its foundation stone.
Kenyan billionaire Narendra Raval’s $539 million Kitui cement plant to create 4,000 jobs
Kenyan President William Ruto valued Narendra Raval’s Kitui cement plant at Sh70 billion ($539 million) and said it will create 4,000 jobs.
Kenyan billionaire Narendra Raval to host president at $385 million cement plant groundbreaking
Kenyan steel and cement tycoon Narendra Raval breaks ground on his $385 million Kitui cement plant on Tuesday, with President William Ruto expected to officiate.
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.
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.