The Cement Billionaire Building His Own Power Plants

Narendra Raval has over the years built an empire primarily in the manufacturing sector. His recent forays into the green energy sector, however,...

BUSINESS TODAY1 Mins read

FEATURED ARTICLE

Fear Factor: AfDB Withdraws Multibillion Funding After Moi Bought Stake From Raval

The African Development Bank (AfDB) has withdrawn funding for a 35-megawatt geothermal power plant in Menengai, Nakuru county being developed by Baringo Senator...

BT Reporter1 Mins read

President Uhuru Kenyatta pictured with Devki Group Founder and CEO Narendra Raval. The state has reportedly been considering raising import duties on clinker. [Photo/ NMG]

BUSINESS ECONOMY

Cement Billionaires Gang Up Against Narendra Raval Over Plan to Take Over

The Competition Authority of Kenya (CAK) has advised State House not to implement proposals by Devki Group, billionaire industrialist Narendra Raval's firm, that...

MARTIN SIELE2 Mins read

FEATURED ARTICLE

Devki Group Opens Sh5.8bn Cement Factory in Salgaa

President Uhuru Kenyatta today presided over the opening of a Ksh5.8 billion cement factory in Salgaa, Nakuru County that is set to change...

BT Reporter1 Mins read

FEATURED ARTICLE

Why Indians Are The Most Successful Business Community in Kenya

For keen observers, the Indian community is fast rising to be a business behemoth in Kenya, take out Indian families from any major...

Samuel Gitonga3 Mins read

Narendra Raval national Cement Company www.businesstoday.co.ke

SMART BUSINESS

ARM’s New Owner to Retain Employees After 14 Months of Job Loss Anxiety

National Cement Company, which has formally taken over its troubled rival Athi River Mining, says it will absorb all its employees who had...

BT Correspondent2 Mins read

FEATURED ARTICLE

Narendra Raval wins EA Entrepreneur of The Year Award

Industrialist Narendra Raval was declared the winner Eastern Africa at the just concluded EY Entrepreneur of The Year 2019 Awards in Monaco, France....

BT Reporter1 Mins read

FEATURED ARTICLE

Billionaire Narendra Raval buys ARM Cement’s Kenya assets for Sh5b

Business tycoon Narendra Raval's National Cement Company has bought ARM Cement's assets for US$50 million (Ksh 5 billion), its administrator was quoted by...

BT Reporter1 Mins read