President, investor discuss US$200 million Muko steel mill plant

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Uganda’s President Yoweri Museveni has met with Mr. Narendra Raval, Chairman of Devki Group of Companies and discussed with him and his delegation prospects of building a steel milling plant at Muko in Kabale District in South Western Uganda. 

Devki Group of Companies also owns Simba Cement Factory in Tororo in Eastern Uganda.

During the meeting that took place today at State House, Entebbe and was also attended by Prime Minister, Dr. Ruhakana Rugunda, Mr. Narendra and his delegation assured the President that the factory will offer prospects of reduction of market prices of materials on the open market in the country. 

“Since we opened up Simba Cement Factory in Tororo in Eastern Uganda late last 2018, immediately the price of cement reduced tremendously. I am confident that the prices of steel products will equally come down cutting the costs on construction in the country on completion of the factory,” he said.

The US$200 million steel milling plant will offer employment opportunities to about 1,600 in the country, he added.

Mr. Narendra Raval also revealed that a similar steel plant has been set up in Mombasa, Kenya, the largest in the East African region and is soon having its products on market. ENDS