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Chinese firm clinches deal to develop steel plant in Kenya

Kenya: Kenya has signed an agreement with a Chinese firm, Sinosteel, to develop a steel plant in the country.

Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed said Kenya had a demand of about 1.8 million metric tonnes of steel annually as at the end of 2013. This demand, he added, is forecast to grow to 2.5 million metric tonnes by 2020 and be doubled by 2030.

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