Meet Africa’s youngest billionaire investing $100m in Dangote's planned Kenya refinery
Mohammed “Mo” Dewji has spent much of his career proving that African businesses can compete with global giants. Now the Tanzanian billionaire has set his sights on one of the continent’s biggest industrial projects, offering to invest $100 million in Aliko Dangote’s planned oil refinery in Kenya.
The pledge, first disclosed in an interview with Bloomberg on Thursday, would bring together two of Africa’s most influential industrialists behind a refinery expected to reshape fuel supply across East Africa. While Dewji says he would have preferred the project to be built in Tanzania, he made clear that geography will not stand in the way of investment.
Read also: Tanzania’s richest man offers $100m for Dangote’s planned Kenya refinery
“I would lean more toward Tanzania than in Kenya,” Dewji said. “Definitely reach out to him and we can chat about it.”
