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State takes on steel tycoons with new Sh220bn plants | #tycoons

State takes on steel tycoons with new Sh220bn plants

State takes on steel tycoons with new Sh220bn plants

The Kenyan government plans to spend Sh220 billion in the next five years to set up new iron and steel plants in a move that is likely to rattle private sector players in an industry that is under the tight grip of a dozen tycoons.