Tanzanian Billionaire Offers to Co Invest $100M in Dangote’s Planned Kenya Refinery

Mohammed Dewji has pledged up to $100 million toward Aliko Dangote’s proposed refinery project in Kenya, underscoring a growing push by African industrialists to strengthen the continent’s energy independence and manufacturing base.

The Tanzanian billionaire and president of MeTL Group said he is prepared to co-invest in the venture after discussions with Dangote, whose refining ambitions are increasingly extending beyond Nigeria. Dewji praised the Nigerian businessman’s achievements, describing the impact of the Dangote refinery project in Nigeria as “unbelievable” and expressing enthusiasm for similar investments in East Africa.

He noted that while he would have preferred the refinery to be located in Tanzania, he sees broader regional value in supporting a Kenyan facility. Highlighting that Africa must reduce its dependence on imported petroleum products by refining its own resources and expanding value-added manufacturing.

The proposed partnership reflects a wider shift among African business leaders toward cross-border investments designed to enhance economic sovereignty, create jobs, and deepen regional supply chains. If realized, the Kenya refinery would mark another significant step in Dangote’s vision of building African industrial capacity through large-scale infrastructure projects.

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