METL The new storage facility will have a capacity of 46 million litres, and will allow gasoline; gas oil and kerosene to be marketed through MeTL Group’s retail pump stations in the city and through other selected Tanzanian locations—in total nearly 200 pump stations. Star Oils expects the move to result in annual sales revenues of more than $300 million, representing 10% -12% of the total domestic fuel market sales.
MeTL Group later plans to expand its facilities to store liquefied petroleum gas for use in domestic gas cylinders
THERE'S MONEY IN TANZANIA NAIROBI, KENYA: Tanzanian Mohammed Dewji is the richest man in East Africa with net worth of USD1.4 Billion, according to Forbes World list of billionaires.
He puts his country in the map which has Nigeria, South Africa, Egypt, Morocco representing the continent in a global list dominated by United States of America
Mohammed Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s. It is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa.
Tanzania's only billionaire, Dewji operates in at least six African countries and has ambitions to expand to several more. His net worth rose due to an increase in sales in 2015. Dewji retired from Tanzania's parliament in early 2015 after completing his two terms. His Mo Dewji Foundation provides scholarships for poor Tanzanian children. He signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes.
It's most certainly that type of meeting. The AGM is great as you can quiz the BOD who are very approachable and then Irishmouse is going to show us what Ireland is all about......hopefully not rain, leprechauns and clover.
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