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.
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Kenyan billionaire Narendra Raval says leaders pressured him to move his $539 million Kitui cement plant, as President William Ruto laid its foundation stone.
Kenya's President William Ruto called critics of Aliko Dangote's Kenya Pipeline deal extortionists, as the shares rallied again and lifted the stake to $436 million.
Tanzanian billionaire Edha Nahdi’s Bamburi Cement is set to break ground with President William Ruto on a $250 million clinker plant in Kenya’s Kwale County.
Kenyan President William Ruto valued Narendra Raval’s Kitui cement plant at Sh70 billion ($539 million) and said it will create 4,000 jobs.
Aliko Dangote threatened to walk away from his Kenya Pipeline stake purchase over a gap of 46 Kenyan cents a share, people involved said.
Kenya's President William Ruto hit back at critics of Aliko Dangote's Kenya Pipeline stake, which has gained about $45 million as the shares surged.
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.
Armed Kenyan police occupied a five-acre Eldoret plot owned by billionaire Gideon Moi’s family, whose lawyer says no eviction notice was given.
Pressure is building in Kenya for the government to publish the terms of Aliko Dangote's $16 billion Lamu refinery, including taxpayers' share.
Kenya's High Court has certified as urgent a petition seeking disclosure of the money, land and guarantees behind the state's stake in Dangote's Lamu refinery.
Aliko Dangote and William Ruto broke ground at Lamu on Sept. 30 on a refinery designed to process 700,000 barrels of crude a day by 2029.
Aliko Dangote says the Lamu refinery will include a 1,000-megawatt power plant, with half the electricity available to the Kenyan government.
William Ruto toured Aliko Dangote's Lekki refinery on Sept. 25, five days before breaking ground on a $17 billion Kenyan refinery at Lamu.
Construction of the $17 billion East Africa Refinery at Lamu starts Sept. 30, while Dangote Cement has ruled out a Kenyan plant over limestone.
Aliko Dangote will fund 70 percent of his $16 billion Lamu refinery with debt and says it needs protection from cheap imports.
Cleared by South African police, honored in Morocco, and pledging $1 million to bring stranded Zimbabweans home — Wicknell Chivayo’s remarkable week caps a two-decade journey from a bus company wages clerk to one of Africa’s most talked-about businessmen.