Kenya’s Steel Industry Looking to Compete at Global Level
By John Kariuki
The Government is keen on elevating Kenya to the global iron and steel value chain.
This is capable through policies to stimulate the sector are already being developed.
Investors are only calling for the Government’s support, including the elimination of brokers and abolishment of punitive levies and taxes.
The investors are happy that the consumption of steel will spike as the Government embarks on its infrastructural, manufacturing and affordable housing programmes.
The Chairman of Devki Steel Narendra Raval Guru observed this at the opening of the Devki integrated steel plant — the first ever in Kenya — in Samburu, Kwale County.
The Sh30 billion plant with more than 1,000 employees is one of the largest in the region and will save the country foreign exchange of more than Sh60 billion a year.
“This is a milestone in our industrialisation journey as it will advance our economic transformation plan,” said the chairman
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