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Home Business

Forgotten Kenyan County Strikes It Rich with Deal That Could Rival Dubai’s Oil Boom

Sh11 billion steel plant transforms 700 farming families into millionaires as iron ore deposits trigger industrial gold rush"

by Thomas Kariuki
November 6, 2026
in Business, Kenya, World
0
President William Ruto and Devki Chairman Narendra Raval commission the Sh11 billion steel plant at Manga in Taita-Taveta County.

President William Ruto and Devki Chairman Narendra Raval commission the Sh11 billion steel plant at Manga in Taita-Taveta County.

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Taita Taveta, Kenya – Despite ongoing land lease disputes, the Sh11 billion Devki Group steel plant at Manga represents a transformative industrial investment that could position Taita Taveta County as Kenya’s premier steel manufacturing destination while creating thousands of jobs and generating billions in local economic activity.

The massive steel complex, commissioned by President William Ruto and Devki Chairman Narendra Raval, stands as one of Kenya’s largest coastal industrial investments, promising to revolutionize the county’s economic landscape through integrated steel production.

The plant’s strategic location leverages rich iron ore deposits, creating a vertically integrated supply chain generating substantial revenue for local communities. The lease agreement pays Sh100 per tonne of iron ore extracted plus Sh50,000 monthly for land use, creating predictable income for over 700 cooperative shareholders.

Positioned near the Mombasa-Nairobi Standard Gauge Railway, the facility enjoys critical logistics advantages, reducing transportation costs and enabling competitive service to East African markets against imported steel.

President William Ruto visits Devki Steel accompanied by government officials.
President William Ruto visits Devki Steel accompanied by government officials.

The steel plant promises direct employment for thousands across multiple skill levels, from mining to sophisticated steel processing. This shift from subsistence agriculture to industrial employment offers higher wages and technical skills development benefiting generations of Taita Taveta families.

Large-scale industrial investment typically creates 3-5 indirect jobs per direct position, potentially impacting over 10,000 families through local procurement, transportation, catering, and support services.

The plant emphasizes local raw material sourcing, creating opportunities for artisanal miners and small-scale suppliers to participate in formal supply chains. This provides market access and fair pricing for local iron ore producers lacking access to major industrial buyers.

The Sh11 billion investment anchors additional infrastructure development. Steel production requires reliable power, water, and transportation infrastructure, improvements benefiting entire communities beyond plant operations.

Devki Steel Manufacturing
Devki Steel Manufacturing

Kenya’s growing steel demand, driven by infrastructure development and construction, positions the Taita Taveta plant to reduce imported steel reliance, saving foreign exchange while creating domestic industrial capacity supporting national development objectives.

The facility aligns with Kenya’s Vision 2030 industrialization goals and the Big Four Agenda’s manufacturing pillar, positioning Kenya as a regional steel producer rather than importer.

The 45-year lease provides stability for sustained economic development. The plant establishes Taita Taveta as a significant industrial center, potentially attracting additional manufacturing investments leveraging the region’s mineral resources and strategic location.

With proper stakeholder engagement, the steel plant represents a once-in-a-generation opportunity to transform Taita Taveta from a primarily agricultural region into a thriving industrial hub providing prosperity for current and future generations.

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Thomas Kariuki

Thomas Kariuki

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