Kenyan billionaire industrialist Narendra Raval has launched a Ush2 trillion 550 million steel plant in Tororo, Uganda, marking one of the largest industrial investments in the region in recent years. The ceremony on Sunday, Nov. 23, drew three heads of stateUgandas Yoweri Museveni, Kenyas William Ruto, and Rwandas Paul Kagameunderscoring the political and economic weight the project carries across East Africa.
Raval, who chairs Devki Group, said the plant will directly employ about 15,000 Ugandans, with indirect jobs expected to multiply across transport, logistics, mining and services. He noted that the facilitys output will far exceed Ugandas domestic needs, positioning the country to supply steel to Kenya, Tanzania, Rwanda, South Sudan and the Democratic Republic of Congo.
Uganda steel plant targets one million