Tanzanian billionaire Mohammed Dewji is preparing to shake up East Africa’s beverage industry with a bold $50 million investment in Kenya. Through his conglomerate MeTL Group, Dewji plans to establish a major soft drinks manufacturing plant in Mombasa as he intensifies competition against The Coca-Cola Company and PepsiCo in one of Africa’s fastest-growing consumer markets. The planned facility will manufacture MeTL’s flagship beverages, including Mo Cola, Mo Xtra,...

The world’s largest sovereign wealth fund manager, Norges Bank Investment Management, is considering a landmark partnership with Dangote Group in a move that could reshape investment flows into Africa’s fast-growing industrial sectors. The fresh talks followed a high-level meeting between Aliko Dangote and Nicolai Tangen. Their discussions focused on strategic opportunities across power generation, energy, renewable energy, agriculture, fertiliser production and cement manufacturing. The development marks another strong...

Nigeria’s richest industrialist Aliko Dangote has set his sights on Kenya as a potential location for a massive 650,000-barrel-per-day oil refinery that could reshape East Africa’s energy landscape. The plan, valued between $15 billion and $17 billion, signals one of the region’s most ambitious industrial proposals in years, according to a report by the Financial Times. Dangote revealed that Mombasa stands out as his preferred option. He pointed...