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Investors to fork out Sh203b for steel industry in Kenya

Steel bars

NAIROBI: The Government is in talks with two foreign investors who have promised to inject Sh203.6 billion capital into the country’s budding steel industry.

Industry, Trade and Co-operatives Cabinet Secretary Adan Mohamed made the revelation in the just concluded manufacturing summit in Nairobi, saying talks are at an advanced stage but could not reveal names of the investors before the deal is concluded.

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