Mohammed Dewji Offers $100 Million for Dangote’s Planned Kenya Refinery
Tanzania's richest businessman, Mohammed Dewji, has pledged a $100 million investment in Aliko Dangote's proposed refinery project in Kenya, signaling growing regional investor confidence in the $17 billion initiative.
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Tanzania's richest businessman, Mohammed Dewji, has committed to invest $100 million in Aliko Dangote's proposed oil refinery in Kenya, according to reports from Legit.ng and Business Day. The move underscores increasing regional interest in one of Africa’s most ambitious energy infrastructure projects.
Dangote’s planned refinery, estimated at $17 billion, is set to be constructed in Kenya and is expected to enhance East Africa’s energy self-sufficiency. The project forms part of broader efforts to reduce reliance on imported refined petroleum products across the region. Dewji’s investment offer highlights confidence among African industrialists in large-scale continental ventures.
Mohammed Dewji, whose family conglomerate, MeTL Group, spans manufacturing, agriculture, and logistics across Africa, has not disclosed the specific terms of his proposed investment. However, his participation aligns with a trend of African investors backing pan-African industrial projects led by fellow African business leaders. Aliko Dangote, Africa’s wealthiest individual, has previously demonstrated success with the Dangote Refinery in Nigeria, which began operations in 2023.
The Kenya project remains in the planning phase, with details on financing, timelines, and regulatory approvals still emerging. Dewji’s $100 million pledge, as reported by Legit.ng and Business Day, marks one of the earliest confirmed commitments from a major East African investor. The participation of high-profile regional figures may bolster investor sentiment and facilitate further private capital inflows.