Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit.
Skip to content
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit.
Under Raval, the chairman of Devki Group, Simba Cement has been actively pursuing strategic growth initiatives.
Raval’s steel firm ventures into renewable energy with an ambitious $1.9-million wind farm project.
Raval founded Devki Group in Nairobi in 1986 as a small steel-processing and trade enterprise.
Raval disclosed that his company’s monthly outgoings tally up to about $14.9 million.
Raval was reported to have a net worth of $400 million in 2015.
Raval founded Devki Group with his wife in Nairobi in 1986 as a small steel-processing company.
Raval was reported to have a net worth of $400 million in 2015.
The Moi family is said to be Kenya’s second-largest landowner.
Raval’s Devki Group has a near monopoly on Kenya’s cement market. Clinker is a raw material used in cement production.
Increased productivity will see the company pass on the resultant price benefits to consumers.
The multimillionaire has invested $16.7 million in upgrading the unit.
Founded in 1971, Mumias Sugar was once the largest sugar manufacturer in Kenya.
Kenya’s health secretary has identified the hoarding of empty oxygen cylinders as an obstacle in the fight against COVID-19.