Tanzanian billionaire Mohammed Dewji has pledged to invest $100 million in a proposed $17 billion crude oil refinery project led by Aliko Dangote on Africa's east coast.
The potential partnership underscores the scale of private capital interest in the continent's energy infrastructure, even as the project remains in early discussion stages.
"I'd definitely reach out to him and we can chat about it," Dewji said, according to reports from CNBC.
Dewji, the founder of the Kilomall Group, stated he has not yet discussed his ambitions directly with Dangote but intends to reach out to initiate talks.
"I'd definitely reach out to him and we can chat about it," Dewji said, according to reports from CNBC.
The pledge highlights the growing confidence among African business leaders in the viability of large-scale energy projects despite the continent's complex regulatory and financing landscape.
The proposed refinery is part of Dangote's broader strategy to replicate his successful Nigerian refining model in East Africa.