President Ruto says new Clinker plant to increase country’s revenue » Capital News
NAIROBI, Kenya, Apr 8 – President William Ruto says the new Clinker plant in West Pokot will increase the country’s revenue with more benefits to the housing project as this will reduce the prices of cement.
The president said the facility, under Devki Group has and continues to contribute so much in the country’s economy through increasing revenue as well as creating employment to Kenyans.
He congratulated the facility, under Devki Group of companies for their continued dedication and confidence in the country’s Industrial footprint.
“The role of the Devki Group in this journey is commendable. Two of their investments, National Cement and Cemtech, produce 6 million tons of clinker annually, which is equivalent to the national demand. The opening of this plant takes our clinker production beyond this demand, to 11 million tonnes annually, an excess of 5 million tonnes,” the head of state underscored.
“West Pokot County is about to experience an economic resurgence through incomes from various sources, associated with the factory, including wages, consumption and increased revenue,” President Ruto outlined.
Speaking during the commissioning of the plant in Sabit, West Pokot County, President Ruto noted that the plant has employed 11,000 Kenyans directly and close to 50,000 indirectly.
The president commended Devki company for changing the famous phenomena of West Pokot as a county that is loaded with Insecurity to giving it a new identity.
He promised the residents that during the road construction that will enhance the factory’s operations and make it easier to transport the materials to various destinations the government will not forget to build public utilities like hospitals and markets to accelerate economic growth of the county as well as the country.
“When we will build that road, I assure you we will build a new hospital here in Ortum, within that road’s budget we have infrastructure and we already have 200M set side for building those markets, we are going to change West Pokot,” the head of state said.
“There is no justification for us to Import clinker when we have this company here and if there is any import it will be less that 10%,” President Ruto underscored.
“I am very happy that we will now have cement at a reduced prize because of this facility our housing plan is going to benefit from this investment,” he further stated.
According to the head of state, over the past six years the country’s GDP has seen a decline from 9 percent to 7.2 percent.
However, his government is determined to change that by promoting more investments in the country and embracing the most efficient technologies.
“This is the path by which we shall achieve our ambition to grow the manufacturing sector to 20% of our GDP by 2030. Devki Group have shown us that this target is attainable,” President Ruto
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