- Narendra Raval credits President Ruto with stabilizing Kenya’s economy and boosting industrial investment.
- Highlights include stronger shilling, lower import costs, and reduced inflation from 10% to 4%.
- New Tororo steel plant to produce 1 million tons annually, creating 15,000 jobs.
Devki Group founder and chairman Narendra Raval praised President William Ruto’s economic policies during the launch of a major steel factory in Tororo, Uganda. Raval credited government interventions for strengthening the shilling, lowering import costs, and providing a predictable environment for industry and investment.
“He has done things to make our economy. No other President has done as much as he has done in 3 years!” Raval remarked, adding that inflation had dropped from ten percent to four percent under the current administration.
Raval went further, saying, “Although the Constitution does not allow it, I will say this, Ruto needs to serve for 20 years,” echoing his previous statements of support made in April 2024 during the commissioning of the Cemtech Sebit clinker plant in West Pokot.
The new Tororo facility is projected to produce one million tons of steel annually, enough to meet regional demand. Construction is expected to conclude within two years, with the first steel shipment scheduled for late 2027.
The project will generate approximately 15,000 direct jobs across mining, transport, and steel production sectors. Raval said Uganda could become a net steel exporter within two years, reducing reliance on imports valued at around $840 million.
Beyond industrial growth, Devki Group continues its longstanding community initiatives. For the past two decades, the company has supported disadvantaged children, currently providing daily meals to 18,000 schoolchildren across the region.
President Ruto commended Devki Group for its ongoing investments and regional industrial contributions, emphasizing the synergy between government economic policies and private-sector growth.
