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“
RMB has played a great role in reaching MeTL’s growth targets”
Mohammed Dewji, President MeTL Group
“
RMB has played a great role in reaching MeTL’s growth targets”
Mohammed Dewji, President MeTL Group
MeTL partnership with RMB
RMB has partnered with MeTL over the years in raising capital for their growth ambitions
About MeTL
The MeTL Group began as a family business, a small trading company which was then turned into one of the largest industrial conglomerates in East Africa, with interests ranging trading, agriculture, manufacturing, energy & petroleum, financial services, mobile telephony, infrastructure and real estate, transport, logistics & distribution.
MeTL Group has grown into Tanzania’s largest homegrown company with Revenues of more than $1.5 billion, employing more than 24,000 people and with a presence in 12 countries in Africa, including Uganda, Ethiopia, Kenya, Rwanda, Burundi, Zambia, Mozambique, Malawi, DR Congo and of course Tanzania. We have the best available talent and are consistently investing in our people and our infrastructure. The $1.5 billion revenue from our group of companies constitutes a little over 3.5% of the GDP of Tanzania and employs 5% of the formal employment sector.
MeTL Group supports several causes through the Mo Dewji foundation. Over the last five years, we have spent more than $3 million developing schools, providing education, improving health care, and providing water supply inventions to create income generation.
The relationship with RMB
In 2007 RMB provided a small loan facility to a relatively unknown Tanzanian domiciled company, that had big plans for the future.
In 2007 RMB provided a small loan facility to a relatively unknown Tanzanian domiciled company, that had big plans for the future. They were seeking a partner that believed in those plans and shared the same values, who could support them in navigating the sometimes-turbulent journey to reach their goals. 15 years later and the METL Group has grown into a $1.5bn revenue group with RMB arranging over $200m of banking lines for the Group.
The deep understanding that RMB seeks to gain of our clients businesses, has provided the basis for RMB to become a trusted advisor to METL, where RMB’s benefit far outweighs that of purely being a lender of money. This relationship has assisted METL to grow the business to where it has become a leading indigenous industrial conglomerate in East Africa, well on its way to becoming a leading player on the continent.
