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On November 23, 2025, Kenya's Devki Group held a groundbreaking ceremony for a $500 million steel project in Tororo, Uganda. Ugandan President Yoweri Museveni, Kenyan President William Ruto, and Rwandan President Paul Kagame attended the ceremony.
The project has a planned annual production capacity of 1 million tons, utilizing blast furnace ironmaking technology, and is expected to directly create approximately 15,000 jobs in the mining, transportation, and manufacturing sectors. B23P095 oriented electrical steel, The project aims to transform Uganda from a net importer of building materials into a regional steel producer and exporter. Devki Group stated that the project's construction period is approximately two years, with steel production expected by the end of 2027.
In terms of scale, this project will become one of the largest steel mills in East and Central Africa, theoretically capable of meeting most of the region's steel demand. B23P095 oriented electrical steel, Uganda expects the project to replace the large amount of steel imports that have long consumed foreign exchange, and to create a complete local industrial chain covering iron ore mining, logistics and transportation, and the manufacturing of finished building materials.
Devki Group Chairman Narendra Raval stated that Uganda was chosen as the location primarily due to its abundant iron ore resources and relatively stable tax policy environment. Ugandan government officials indicated that the project will enhance the country's export potential and strongly support the development of local industry.
However, as a typical blast furnace process project, the steel plant still faces technical and commercial challenges. The project not only requires a stable supply of ore but also relies heavily on a continuous high-load power supply and is highly sensitive to external logistics costs.
The Devki Group believes that, in the long term, the abundant local mineral resources and its location near the East African market will help reduce the high initial investment costs.
Devki Group has established a "scale + vertical integration" expansion model in the region. It currently has cement and steel businesses in Kenya and Uganda, and in 2024 completed the acquisition of the CIMERWA cement plant in Rwanda for approximately US$85 million, contributing to Rwanda's cement self-sufficiency.
Its Simba Cement project in Uganda has significantly changed the local cement market landscape, with the price of 50kg cement falling from over 39,000 Uganda shillings to approximately 28,000–31,000 Uganda shillings.
The price decline stimulated small and medium-sized construction activity and boosted local infrastructure growth. B23P095 oriented electrical steel, During the same period, Uganda's cement export revenue rose to approximately US$85 million, indicating increased regional supply capacity.
