Mohammed Enterprises Tanzania Limited, the industrial conglomerate led by Tanzanian billionaire Mohammed Dewji, has pledged to invest $250 million in Mozambique in a bid to scale up its presence across Southern Africa and create as many as 20,000 jobs.
Dewji, president and chief executive officer of MeTL Group, announced the commitment following talks in Maputo with Mozambican President Daniel Chapo. The proposed capital injection would mark a major expansion for the Tanzanian group, whose portfolio spans agriculture, manufacturing, textiles, logistics, and consumer goods.
“We had a very fruitful discussion, and we committed to invest $250 million in Mozambique and try to employ 20,000 Mozambicans,” Dewji said after the meeting.
While Mozambique’s presidency said discussions covered production, distribution, and service opportunities, neither side disclosed specific project details, locations, or a deployment schedule. The commitment remains a non-binding intent until capital is formally allocated and projects are breaking ground.
If realized, the outlay would represent roughly 1% of Mozambique’s $22.34 billion economy. For Maputo, labor-intensive investment is critical: the economy contracted by 0.5% in 2025, and International Monetary Fund data indicate that roughly 95% of employment in the nation remains informal. While mega-projects in liquefied natural gas and mining have drawn billions in foreign capital, they have yielded relatively few direct jobs for a rapidly growing workforce.
MeTL, which operates in over 10 African nations and reports a workforce of 37,000, already holds assets in Mozambique, including the Nova Texmoque textile facility. Dewji,ranked by Forbes as Tanzania’s sole dollar billionaire with a net worth of $2.1 billion,looks to leverage the expansion to deepen regional trade ties as Maputo and Dodoma attempt to build stronger bilateral commercial links.
