Tanzanian billionaire Mohammed Dewji has shown interest in investing $100 million in a $17 billion crude oil refinery project planned for East Africa.The project, led by Africa's richest person Aliko Dangote, aims to replicate his successful Nigerian refinery in the region.While Tanzania was initially considered, Dangote has chosen Lamu, Kenya, for its commercial and technical advantages.Dewji, founder of METL Group, expressed a preference for Tanzania but remains open to participating if the project's location changes.

The refinery, expected to be the second-largest on the continent, could significantly boost East Africa's energy infrastructure by providing a domestic source of refined petroleum products, reducing reliance on imports.Dangote's team reports high investor interest, with Kenyan President William Ruto aiming for construction to start this year.

The project highlights growing economic opportunities in the region, though challenges like import costs and infrastructure development remain critical factors.