Home East Africa Billionaire Narendra Raval of Devki Group Eyes 5,500-tonne Clinker Factory in Kenya

Billionaire Narendra Raval of Devki Group Eyes 5,500-tonne Clinker Factory in Kenya

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Billionaire Narendra Raval of Devki Group Eyes 5,500-tonne Clinker Factory in Kenya

(3 Minutes Read)

Cemtech Limited, a subsidiary of Simba Cement Company Limited which is owned by Devki Group of Companies, has submitted the environmental impact assessment (EIA) report to the National Environment Management Authority (Nema) for review.

Clinker is the major raw material used in manufacturing cement; a key material used in construction. The proposed clinker production line and associated facilities are located in Kitui County. Kitui is a town and capital of Kitui County in Kenya, 185 kilometres east of Nairobi and 105 kilometres east of Machakos. The plant, if approved, will tighten Devki Group chairman Narendra Raval’s grip on local clinker production. The total cost of the proposed Kitui clinker factory is unclear but will likely be in the billions of shillings.

Just last month, the businessman opened a Sh29 billion clinker factory in West Pokot in an event President William Ruto graced. The plant can produce 6,000 metric tonnes of clinker daily. The group wants to invest in all the counties, said Raval recently.

This comes when Kenya has slapped high taxes on imported clinker, which cushions local manufacturers such as Mr Raval from cheap imports. Through the Finance Act 2023, the cement clinker is one of the commodities slapped with the 17.5 per cent export and investment promotion levy.

Amid high taxation, local cement manufacturers are now more incentivised to make their clinker locally. For instance, Bamburi Cement, National Cement, and Mombasa Cement produce their clinker. The East African Portland Cement Company also recently announced plans to invest USD 200 million (Sh26.8 billion) to set up its clinker factory in Kajiado County. The factory will have a production capacity of 5,000 metric tonnes of clinker.

Read Also:

https://trendsnafrica.com/competition-watchdog-of-kenya-against-raising-the-import-duty-on-clinker/

https://trendsnafrica.com/indian-origin-kenyan-plans-to-take-over-mumias-sugar-in-kenya/

Since 1986, Narendra Raval has built an industrial empire, known as the Devki Group of Companies, which manufactures building materials in various locations in Kenya. The group has also established subsidiaries in Uganda, Rwanda and in the Democratic Republic of the Congo.