The 48-year-old billionaire disclosed intentions to invest $50 million in growing a couple of thousand hectares of new hybrid tea to diversify and increase the MeTL Group's footprint.
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The program hopes to increase local tea production and worldwide exports.
This aligns with Dewji's broader plan to introduce an agriculture business valued at up to $4 billion on the London or New York stock exchanges, with development banks providing most of the finance.
The largest domestic business in Tanzania, MeTL Group, employs over 38,000 people and operates in 11 African nations. Its varied portfolio includes textile production, flour milling, drinks, and edible oils.
However, the conglomerate's operations are anticipated to be strengthened and expanded by the $50 million infusion.
