A Tanzanian millionaire plan to invest $100 million in Rwandan businesses.

Tanzanian billionaire Mohammed Dewji has indicated an interest in investing in Rwanda through his firm MeTL Group, which operates in over ten African nations.

On September 6, the Dar es Salaam-based entrepreneur with a $1.5 billion net worth met with Minister of Agriculture and Animal Resources Ildephonse Musafiri and Rwanda Development Board (RDB) deputy chief executive Nelly Mukazayire.

Their conversations in Dar es Salaam centered on collaboration and strategies to accelerate the group’s investments in Rwanda, according to a ministry post on X.

MeTL, a family-owned and diverse network of firms located in Tanzania with 38,000 employees, now manufactures wheat, maize flour, edible oil, and detergents.

The corporation operates in 11 African nations, including Uganda, Ethiopia, Kenya, Burundi, Zambia, Mozambique, Malawi, and the Democratic Republic of the Congo.

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