Kenyan tycoon Narendra Raval faces tax blow as cement empire comes under fire
Auditor-General Nancy Gathungu has warned that granting tax waivers without a proper legal basis could open the floodgates to abuse.
Narendra Raval
Kenyan businessman Narendra Raval’s $85 million plant hits snag over lease conflict
Land dispute stalls Kenyan businessman Narendra Raval’s iron plant in Voi as county disowns lease, citing illegal leadership deal.
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.
Devki Group faces legal challenge over $30.8-million tax dispute with Kenyan treasury
Devki Group’s $30.8-million tax dispute with the Kenyan government heads to court, challenging the revocation of tax exemptions and its impact on 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.
Kenyan tycoon Narendra Raval’s Devki Group accelerates production to meet surging demand
Raval, the chairman of Devki Group, attributed the surge in orders to competitive pricing and innovative production methods.
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit.
Kenyan tycoon Narendra Raval’s cement company signs $200-million export deal
Under Raval, the chairman of Devki Group, Simba Cement has been actively pursuing strategic growth initiatives.
Kenyan steel tycoon Narendra Raval invests $1.9 million in wind farm project in Kenya
Raval’s steel firm ventures into renewable energy with an ambitious $1.9-million wind farm project.