Tanzanian Tycoon Reginald Mengi To Establish Stem Cell Research Center
Reginald Mengi, one of Tanzania’s most successful businessmen, has disclosed that a subsidiary company of his conglomerate, the IPP Group, is partnering with health experts and medical companies around the globe to establish the first Stem Cell Research and Therapy center in the East African country.
Mengi made the disclosure on Monday during an International Conference on genomic and proteomic and medical innovation in Dar es Salaam which was sponsored by his IPP Group. The center will be established by IPP Research, Technology and Innovation Limited, one of his companies operating under the IPP Group of Companies. The center will be opened in March this year.
“The center is expected to house a state-of-the art laboratory which at the same time will be used as a treatment center for genetic and metabolic diseases,” he told the conference.
Stem cell therapy, also known as regenerative medicine, promotes the repair response of diseased, dysfunctional or injured tissues.
Stem cell research to assist Tanzanian children
Mengi, who annually sponsors Tanzanian children with complicated medical ailments for treatments abroad, said he wants to provide affordable medical care for poor Tanzanians who are giving up on various cell-oriented diseases.
“We want to support the government in improving people’s health. Most of Tanzanians especially the poor are giving up due to lack of money to travel to India or elsewhere for treatment and we now want to bring experts closer to them,” he said.
According to the Tanzanian businessman, a proposal for the licensing of the center is awaiting approval of the National Institute for Medical Research (NIMR), and Tanzania’s Deputy minister for Health, Community Development, Dr. Faustine Ndugulile, who was present at the event, promised a speedy approval for the license.
Reginald Mengi has been expanding his business empire over the last few months. His IPP Group recently partnered with Touchmate, a computer products manufacturing company based in Dubai, to establish a smartphone manufacturing plant in Tanzania; He is also building a $10 million vehicle assembly plant in Dar es Salaam in partnership with the Youngsan Glonet Corporation, which he says will be operational by September. His IPP Group, which is one of the largest employers of labor in Tanzania, employs more than 5,000 people and is active in mining, media, Coca-Cola bottling and energy.
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This article originally appeared in Forbes.