Mohammed Dewji plans $275 million for graphite mining and a Zanzibar island resort, targeting $10 billion in MeTL revenue by 2035, he told Bloomberg.
TANZANIA · POWER PLAYERS
Key Facts
—The bet: About $275 million for a graphite project, with production from mines Dewji has already acquired expected within roughly 18 months, he told Bloomberg.
—The buyers: Dewji says he is in close contact with European partners on product grades, while members of his team study the market in China.
—The second bet: A 150-hectare island near Zanzibar, where he is in talks with a global hospitality group to build an ultra-luxury resort.
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