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Tanzania’s richest businessman has offered to invest $100 million in Aliko Dangote’s proposed $17 billion refinery in East AfricaDewji said he prefers the refinery to be built in Tanzania but is also willing to invest if Dangote proceeds with the project in KenyaThe refinery is expected to become Africa’s second-largest and is attracting strong interest from investors ahead of construction
Tanzania’s wealthiest businessman, Mohammed Dewji, has indicated his willingness to commit $100 million to Aliko Dangote’s proposed $17 billion East African refinery, signalling growing confidence from investors in what is expected to become one of Africa’s biggest energy projects.
According to a Bloomberg report released on Friday, July 10, 2026, Dewji said he would prefer the refinery to be built in Tanzania but remains open to backing the project even if it is ultimately developed in neighbouring Kenya.
Dangote’s New $17bn Refinery Sparks Investor Rush as Tanzania Billionaire Joins RaceSource: UGC
Dangote, Africa’s richest
