Tanzania businessman Mo Dewji to invest $50 million in Kenya soft drinks plant
Tanzania, May 16 -- Dar es Salaam. Tanzanian billionaire Mohammed Dewji is investing $50 million in a soft drinks manufacturing plant in Mombasa, Kenya, as MeTL Group expands its footprint in Africa's growing beverage market.The facility, to be developed through MeTL Group, will produce the company's flagship beverages including Mo Cola, Mo Xtra and Mo Malto.The investment forms part of the conglomerate's broader expansion strategy across East and Southern Africa.According to Kenya's Business Daily, MeTL plans to price a 300-millilitre bottle of Mo Cola at around 15 Kenyan shillings, far below competing products that retail at nearly 40 shillings, positioning the brand as an affordable mass-market option.Dewji said the project is still in...
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