24-04-2015 12:03 via news.yahoo.com

Tanzania's METL Group eyes Africa expansion as middle class grows

By Fumbuka Ng'wanakilala DAR ES SALAAM (Reuters) - Manufacturing and trading firm Mohammed Enterprises Tanzania Ltd, one of the country's biggest private employers, said on Friday it would invest $250 million to expand its business in Africa to capitalise on a growing middle class demand. Chief Executive Officer Mohammed Dewji also told Reuters he was upbeat about prospects in Tanzania, whose economy has been growing at about 7 percent a year and which he said could accelerate to 10 percent as n
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