Mohammed Dewji, the Tanzanian billionaire and president of MeTL Group, says he is willing to invest $100 million in Aliko Dangote’s proposed oil refinery in Kenya as the Nigerian industrialist seeks to expand his refining business into East Africa.
According to a Bloomberg report on Friday, Dewji said he had discussed the project with Dangote and would participate in the investment even though he would have preferred the refinery to be built in Tanzania.
The development comes days after reports that Dangote Group is planning to build a $17 billion refinery on Kenya’s coast, a project expected to take about five years to complete if it proceeds.
Speaking on the planned investment, Dewji said the project aligns with efforts to solve Africa’s industrialisation challenges by refining the continent’s resources locally.
“I have spoken to Aliko, what he has done is unbelievable in Nigeria, and I got
