On Thursday, South African President Cyril Ramaphosa appointed Tanzanian businessman and MeTL Group Chief Executive Mohammed Dewji as one of his advisors on investment issues. Dewji will sit on the investment advisory council for a period of three years.
MeTL, one of Tanzania’s largest companies, provides logistic services and is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa, and aims to expand in more African markets.
As per a statement released by MeTL, Dewji will be responsible for the development and implementation of strategies and programs to attract and retain domestic and foreign direct investment to South Africa.
“The appointment takes into consideration the role that Mo Dewji has played through his investments in a number of countries in Africa where his companies have created a lot of jobs,” reads the statement.
Dewji, better known as ‘Mo’, who has been MeTL CEO for over two decades now, told FORBES AFRICA that he is both honored and humbled to accept Ramaphosa’s appointment on the advisory council in South Africa.
“As the second-largest economy on the continent, South Africa has impressive industrial, geographic and technological potential. I look forward to joining economic experts from across the continent as we work to strengthen South Africa’s investment environment and spur economic development across the region,” he said. “I will share insights on investment challenges and solutions to help guide South Africa’s indigenous business sector.”
Dewji’s estimated net worth is $1.6 billion, according to Forbes, and he is Africa’s youngest billionaire.