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2 clusters · 7 sources · 6 days · First seen · Last updated

MeTL Group investment in Mozambique

Overview

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

While specific projects and financing structures have not been fully disclosed, the investment is intended to support new production, distribution, and service chains. The initiative aligns with Mozambique’s National Development Strategy (2025-2044), which seeks to diversify the economy beyond the liquefied natural gas sector by strengthening manufacturing, agribusiness, and domestic production.

Entities

Tanzania · Daniel Chapo · Mozambique · Mohammed Dewji · Mohammed Enterprises Tanzania Limited

Timeline

  1. 19 days ago

    [BUSINESS] 4 sources
    MeTL Group to invest $250 million in Mozambique

    Tanzania’s MeTL Group plans to invest $250 million in Mozambique, aiming to create 20,000 jobs and support the country’s economic diversification and industrialization efforts.

  2. 24 days ago

    [BUSINESS] 3 sources
    MeTL Group pledges $250 million investment in Mozambique

    MeTL Group chairman Mohammed Dewji has pledged $250 million to expand operations in Mozambique, targeting the creation of 20,000 jobs to support the country's industrial diversification.

Sources

africa.businessinsider.com · botswanayouth.com · businesselitesafrica.com · ecofinagency.com · financialafrik.com · jornaleconomico.sapo.pt · swazi24.com