Devki to set up Sh11b steel factory in Taita Taveta
Business
By
Renson Mnyamwezi
| Jul 02, 2024
The government has designated Taita Taveta County as a strategic processing and value-addition centre for iron ore mining in Kenya, Mining and Blue Economy Cabinet Secretary Salim Mvurya has said.
The CS said the county is now positioned on the road map for iron ore processing and value addition to stimulate investment and socio-economic growth.
This comes as the Devki Group of companies announced plans to set up a Sh11 billion steel factory in the region. It has identified a site at Manga Hill near Voi town along the busy Nairobi-Mombasa highway for the mega project.
Mvurya challenged the governor and the commissioner to move quickly to resolve the management crisis at Kishushe Ranch, which involves three camps claiming to be the bona fide officials of the ranch, rich in iron ore extraction.
READ MORE
Algiers shows Africa's struggle between radical zeal and dependency
Champions Kabras Sugar out to extend Kenya Cup sweetness
MPs set to debate Bill outlawing detention of patients and bodies
G3 Rifle recovered as suspected robber lynched in Gatuanyaga, Thika
Right direction for the country, Mbadi defends Safaricom stake sale
Insurers caught flat-footed ahead of IRA's 24-hour cyber breach deadline
Ruto dreams of a 'new Singapore', but not when counties hold us back
"The national government will play its part in addressing the land and management conflict. Go and resolve the conflict as the county positions itself for the mega project that will transform the lives of the local community," the CS directed the governor and county commissioner.
Mvurya highlighted that the county has taken a leading position in mineral resources, and the ongoing reforms in the mining sector will significantly enhance the economy.
The CS noted that the government has identified the available mineral resources in the country through a completed airborne survey, revealing over 970 mineral occurrences nationwide.
"There is enough mineral wealth, and we have already done zoning. The county has been designated for iron ore processing and value addition to create more wealth and address poverty and unemployment. With the radical reforms being carried out by the government in the mining sector, we expect the GDP to increase from one per cent to ten per cent," stated Mvurya.