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Devki Group of Companies has officially unveiled a Ksh. 11 billion iron ore pelletization plant in Voi, Taita Taveta County.
The project, which is anticipated to significantly boost the region’s economy, was launched during a ceremony attended by President William Ruto.
The plant, owned by industrial tycoon Narendra Raval, will initially create 3,000 jobs within the first six months of its operation. Once fully operational, the workforce is expected to grow to more than 14,000, greatly enhancing local employment and economic activity.
At the ceremony, Mr. Raval called the project a major achievement for Devki Group, the country, and the Taita Taveta community. He highlighted the plant’s ability to support local miners by providing modern equipment to increase production and ensure a consistent supply of raw materials for the facility.
“This project will boost the local economy and generate thousands of jobs. We currently pay Ksh. 2 billion in taxes monthly, and this figure will rise once the plant is fully operational, with continued backing from both local and national governments,” Mr. Raval explained.
Governor Andrew Mwadime also praised the investment, emphasizing its transformative impact on the county. “Taita Taveta is rich in resources, such as iron ore, but our people have suffered for years. This plant will not only create over 14,000 jobs but also stimulate economic growth and revenue generation,” he said.
The governor called on the national government to attract more investors to the county, offering land for similar projects.
President Ruto reaffirmed his administration’s commitment to creating a favorable environment for both local and international investors. “We aim to increase the manufacturing sector’s contribution to GDP to 15% by 2027 and 20% by 2030. This project is a testament to our dedication to creating jobs and improving livelihoods,” he stated.
The president also emphasized the significance of the manufacturing sector, noting that it is the second-largest employer in Kenya, providing 360,000 direct jobs and many more indirectly.
Devki Group plans to expand its workforce to 30,000 employees as part of its long-term vision to establish itself as a major contributor to Kenya’s industrial growth.
