Devki Group founder and chairman Narendra Raval has issued fresh praise for President William Ruto, crediting the administration’s economic policies with creating a stable environment for industry and investment.
Speaking in Tororo during the launch of a major steel factory, Raval said the government’s interventions had strengthened the shilling and lowered import costs, allowing the manufacturing giant to operate with increased predictability.
“He has done things to make our economy. No other President has done as much as he has done in 3 years!”
“Although the Constitution doesnot to allow it but I will say this, Ruto needs to serve for 20 years.”
He noted that inflation had fallen from ten percent to four percent, describing the broader economic climate as remarkably steady.
Raval has repeatedly voiced support for the president, including at an event in April 2024 where he said Ruto should lead the country for at least twenty five years. At the time, he lauded the president’s economic direction while commissioning the forty five billion shilling Cemtech Sebit clinker plant in West Pokot.
President Ruto in turn commended Devki Group for its ongoing investments across the region. The company, one of East Africa’s most prominent steel manufacturers, plans to tap into Uganda’s estimated five hundred million tons of iron ore deposits to drive regional industrial development.
Raval said the new plant in Tororo will produce one million tons of steel annually, a volume he described as more than sufficient to meet regional demand. Construction is expected to be completed within two years, with the first batch of steel set for release by late 2027.
According to the company, the project will create fifteen thousand direct jobs in mining, transport and steel production. Raval said Uganda is poised to become a net exporter of steel within two years, reversing the current reliance on imports valued at roughly eight hundred and forty million dollars.
Beyond its industrial growth, Devki Group continues to run extensive community support programmes. The company has supported disadvantaged children for two decades and currently provides daily meals to eighteen thousand schoolchildren.
