MeTL Group, a Tanzanian conglomerate, aims to exceed Sh7.8 trillion in annual revenue as it transitions from trading to manufacturing.CEO Mohammed Dewji highlighted the company's growth through decades of investment in production, now operating in 11 African countries with over 40,000 employees.The focus on graphite processing in Mozambique aims to meet demand for electric vehicle batteries and renewable energy storage.Dewji emphasized the need for Africa to move beyond raw material exports, advocating for value addition through local processing.Challenges included early financing hurdles, overcome by partnerships like Standard Bank.The strategy underscores Africa's potential in critical minerals and sustainable industrialization.
Original title: MeTL targets Sh7.8 trillion revenue as it shifts focus to graphite processing
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