Amanze Chinonye
Tanzanian conglomerate Mohammed Enterprises Tanzania Limited (MeTL) plans to commit $250 million to investments in Mozambique, with the group targeting the creation of 20,000 jobs, Chief Executive Officer Mohammed Dewji said.
Join our WhatsApp Channel
Dewji disclosed the plan after talks with Mozambican President Daniel Chapo, describing the meeting as productive and saying the discussions had identified specific opportunities for investment in the country.
“We had a very fruitful discussion and committed to investing $250 million in Mozambique and trying to employ 20,000 Mozambicans,” Dewji said.
READ ALSO :
Tanzania’s Dewji Eyes $100m Investment in Dangote’s Planned East Africa Refinery
The proposed investment would broaden MeTL’s operations in Mozambique across its diversified business interests, which include agriculture, manufacturing, logistics, energy, trade and financial services.
The Mozambican presidency said the commitment could support investment in strategic sectors and encourage the development of new production, distribution and service networks.
The talks took place against a backdrop of efforts by Mozambique to attract more private capital to accelerate economic growth, industrialisation and employment, while strengthening commercial ties with countries in Southern Africa, the presidency said.
MeTL already has operations in Mozambique and more than a dozen other African markets. The group employs about 37,000 people, according to company information.
READ MORE :
Botswana, Nigeria Push to Turn AfCFTA Potential Into Stronger Bilateral Trade
The proposed $250 million programme would therefore represent a sizeable expansion of the group’s activities in Mozambique. MeTL has not publicly provided a detailed breakdown of the investment, the projects to be financed or a timetable for implementation.
The 20,000 figure is a projected employment target associated with the planned investment, rather than a number of jobs already created.
MeTL has expanded in recent years from its traditional trading base into manufacturing, agriculture, agro-processing, logistics and other industries focused on adding value to locally produced goods.
The group has also pursued large-scale agricultural and agro-industrial projects in Tanzania, including investments backed by the African Development Bank.
The Mozambique plan reflects a broader push by African businesses to expand across national borders, build regional supply chains and increase production within African markets.
If carried out as announced, MeTL’s investment would strengthen commercial links between Tanzania and Mozambique and add to efforts to attract foreign and regional capital into Mozambique’s productive sectors.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
