Tanzania’s richest man, Mohammed Dewji, is launching a massive $275 million investment into the continent’s graphite mining sector.
His conglomerate, MeTL Group, aims to supply the global electric vehicle battery market as the clean energy race accelerates.
The ambitious venture seeks to challenge China’s dominant stronghold over the processing of highly coveted critical minerals.
Commercial production is scheduled to begin within eighteen months, targeting international tech buyers across Europe and Asia.
This lucrative mineral play represents just one facet of the industrial titan’s aggressive multi-billion-dollar expansion strategy.
The corporate group is simultaneously weaving a narrative of luxury by acquiring a private island destination near Zanzibar.
They have also secured exclusive concessions to construct premium safari lodges nestled within the iconic Serengeti National Park.
These diverse investments align with a grand vision to skyrocket annual corporate revenues to $10 billion by 2035.
MeTL currently operates across eleven African countries, anchoring a vast economic empire that employs over 40,000 citizens.
