Steel magnate: God has given me enough, let me bail out Mumias

Egerton University New Chancellor Narendra Raval (right) addressing the university Senate on April 12, 2019 when he visited the institution for the first time since he was appointed by President Uhuru Kenyatta. [Kipsang Joseph, Standard]

Industrialist Narendra Raval is eyeing Mumias Sugar Company. Not to make money, he says, but to revitalise the rundown miller and give back to cane farmers the livelihoods that have been ruined by the sector’s decline.

Mr Raval, who is behind steel giant Devki, recently said he planned to lease Mumias and invest Sh4 billion in refurbishing the factory, and use an additional Sh1 billion to farmers who supplied cane to the company but have not been paid.