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Tanzania’s richest businessman, Mohammed Dewji, has expressed his readiness to invest $100 million in Aliko Dangote’s proposed $17 billion refinery project in East Africa.
The planned investment, reported by Bloomberg, is seen as a major vote of confidence in the multibillion-dollar project, which is expected to strengthen refining capacity and boost energy infrastructure across the region.
According to the report, Dewji's proposed investment reflects growing investor interest in the refinery, which is expected to play a significant role in meeting Africa's rising demand for refined petroleum products.
The refinery project forms part of Dangote's broader expansion strategy aimed at increasing local refining capacity and reducing Africa's dependence on imported fuel.
If completed as planned, the refinery is expected to create jobs, stimulate industrial growth and contribute to regional economic development while enhancing energy security across East Africa.
The proposed investment also highlights increasing confidence among African investors in large-scale infrastructure projects capable of driving long-term economic transformation across the continent.
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