US EditionDevki Group Bets $500m on Uganda Steel Production
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3 Articles
Company does not reveal absolute numbers, but contributed 50% more to the production of its first fraternity with Arabic inputs
Devki Group bets $500m on Uganda steel production
Museveni (left) and Ruto launch the new steel facility in Tororo The investment underscores deepening economic co-operation between Kenya and Uganda as both countries pursue industrialisation strategies Tororo, Uganda | THE INDEPENDENT | Uganda’s President, Yoweri Museveni and his Kenyan counterpart, William Ruto, broke ground Sunday on a $500m steel manufacturing complex in Tororo, eastern Uganda, in one of East Africa’s most ambitious attempts…
Kenya’s steel miller makes Sh65 billion investment in Uganda
When Kenya-based steel miller Devki Group broke ground in Tororo, Uganda, on November 23, it signalled that demand for steel products is already substantial across East Africa. The USD 500 million mega project (Sh65 billion), scheduled for completion by the end of 2027, will raise Devki’s total regional investment to USD 1.1 billion. Billionaire industrialist
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