Tycoon Dewji Expands Into Battery Minerals as Demand Surges

Tycoon Dewji Expands Into Battery Minerals as Demand Surges

Tanzanian tycoon Mohammed Dewji is investing in graphite mining and luxury tourism to help his MeTL Group benefit from the global scramble for minerals needed for electric-vehicle batteries and Africa’s booming high-end travel market.

Billionaire Mo Dewji to invest $275m in graphite mining and tourism

Mohammed Dewji is steering his MeTL Group into two of the fastest-moving corners of the African economy at once, backing electric-vehicle minerals and high-end travel in a bet designed to reshape the conglomerate over the next decade.The Tanzanian tycoon plans to commit about $275 million to a graphite project, tapping into the global race for materials that feed electric-vehicle batteries. He told Bloomberg in an interview at the news agency's …

Tanzania's richest man Mohammed Dewji to invest $275 million in mining & tourism

Tanzania's richest man, Mohammed Dewji, is expanding his business empire into graphite mining and luxury tourism as global demand for electric vehicle (EV) battery minerals and high-end African travel continues to rise. The post Tanzania’s richest man Mohammed Dewji to invest $275 million in mining & tourism appeared first on Nairametrics.

Dewji to build graphite factory in Tanzania

Graphite is the single-largest component by weight in lithium batteries used in electric...