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Mohammed Dewji Diversifies MeTL Into Battery Minerals

Bloomberg Markets •
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Tanzanian businessman Mohammed Dewji is pivoting MeTL Group toward graphite mining and luxury tourism. This strategic shift targets the global supply chain for electric-vehicle batteries, positioning the conglomerate to capture value from the rising demand for battery-grade minerals.

Dewji's entry into graphite mining places MeTL in direct competition for resources essential to EV production. By diversifying into high-end travel, the group seeks to monetize Africa's growing luxury tourism sector.

This expansion signals a shift in regional capital toward critical minerals. Investors should view this as a bet on the energy transition and the institutionalization of Tanzanian resource extraction to meet international industrial standards.