H.E. President of Tanzania, Dr. John Pombe Magufuli handing the President’ Manufacturer of the Year Award (PMAYA) 2016 to Mr. Mohammed Dewji, CEO of MeTL Group.
Mohammed Enterprises Tanzania (MeTL Group)
Mohammed joined MeTL Group, his father’s trade and transport business. Although Mohammed began as the CFO, within a few years he had proven that he was the perfect candidate to head the group. Once in the CEO’s seat, he has taken Mohammed Enterprises Tanzania Limited to unimaginable heights. Mohammed is single-handedly responsible for increasing MeTL’s revenues from $30 million to over $1.3 billion between 1999 and 2014, and the journey of Africa’s youngest billionaire has only just begun. Mohammed continues to strive for excellence in the business arena and the footprint of the MeTL conglomerate continues to spread under his leadership.
Currently, the MeTL group has investments in manufacturing, agriculture, trading, finance, mobile telephony, insurance, real estate, transport and logistics, and food and beverages. Mohammed has earned a reputation for successfully investing in sectors that entrepreneurs typically shy away from, such as agriculture and textiles. Such decisions are taken with a view towards investing for profit, job creation and creating social benefits for the country. The group is conducting business in Tanzania, Uganda, South Sudan, Burundi, Rwanda, Democratic Republic of Congo, Kenya, Malawi, Mozambique and Zambia, and employs over 28,000 people. MeTL’s operations contribute 3.5% of Tanzania’s GDP. The average growth rate from $30 million to $1.3 billion is 200% per annum, compared to a GDP growth of 7-9% per annum.