Kenyan president taps steel tycoon Narendra Raval to lead national lottery taskforce
Raval was reported to have a net worth of $400 million in 2015.
Narendra Raval
Kenyan tycoon Narendra Raval’s Devki Group opens $240-million steel factory
Raval founded Devki Group with his wife in Nairobi in 1986 as a small steel-processing company.
Kenyan tycoon Narendra Raval’s Devki Steel Mills applies for electricity supply license in Kenya
Raval was reported to have a net worth of $400 million in 2015.
AfDB withdraws multimillion-dollar funding after Kenya’s Moi family buys back stake in power plant
The Moi family is said to be Kenya’s second-largest landowner.
Competition Authority of Kenya warns government against steel tycoon Narendra Raval’s clinker import proposal
Raval’s Devki Group has a near monopoly on Kenya’s cement market. Clinker is a raw material used in cement production.
Narendra Raval’s Devki Group counts on new plant to cut cement prices in Kenya
Increased productivity will see the company pass on the resultant price benefits to consumers.
Steel tycoon Narendra Raval injects millions into ARM Cement’s fertilizer unit
The multimillionaire has invested $16.7 million in upgrading the unit.
Kenyan steel tycoon Narendra Raval makes bid to rescue struggling sugar company
Founded in 1971, Mumias Sugar was once the largest sugar manufacturer in Kenya.
Steel tycoon Narendra Raval pledges free oxygen cylinders for COVID-19 patients in Kenya
Kenya’s health secretary has identified the hoarding of empty oxygen cylinders as an obstacle in the fight against COVID-19.