The man is looking to expand his business to other parts of the world. Find out what he does.
Mohammed Dewji He is a Tanzanian businessman and philanthropist known for being the majority owner of the MeTL Group conglomerate operating in a variety of sectors including agriculture, manufacturing, trading and real estate.
In addition to his business success, Dewji is known for his philanthropic work. Through the Mohammed Dewji Foundation, He supported various initiatives in education, health and community development in Tanzania. All these actions made him a man much appreciated by his community as he often gets involved in their problems.
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The story of Mohammed “Mo” Dewji, the richest man in Tanzania
The 48-year-old billionaire born and raised in Tanzania has a dream of making Africa a food basket for the world in the long term. Dewji is the richest person in Tanzania, the fifth largest country in Africa with a population of 70 million.
The soccer team owner and former politician controls a range of businesses through his consumer goods conglomerate MeTL Group, including textile manufacturing, edible oil refineries and his Mo Cola soft drink line.
Dewji is now looking to grow his agri-food empire. He plans to invest $250 million, including $100 million of his own capital, to purchase and mechanize 100,000 hectares of farmland in Tanzania. Mohammed hopes that his ideas for growing the agri-food empire will be a success so that he can take it to other parts of the world.
Source: Ambito
