MeTL Group pledges $250 million investment in Mozambique

Mohammed Dewji, chairman of the Tanzanian-based MeTL Group, has pledged to invest $250 million in Mozambique. The commitment, announced following a meeting with Mozambican President Daniel Chapo in Maputo, aims to expand the conglomerate’s operational footprint and create approximately 20,000 direct and indirect jobs.

While specific projects, locations, and financing structures have not been disclosed, the investment is expected to support new production, distribution, and service chains. The move aligns with Mozambique’s strategic goal to diversify its economy beyond the capital-intensive liquefied natural gas (LNG) sector by strengthening manufacturing and agribusiness.

MeTL Group is one of East Africa’s largest diversified conglomerates, with existing operations in sectors such as textiles, agriculture, logistics, and food and beverages. The company already operates in more than 10 African countries.