Thursday, 15 November, 2018

Africa's Youngest Billionaire, Mohammed Dewji, Abducted In Tanzania

Mohammed Dewji 43 has an estimated net worth of $1.5 billion according to Forbes /FILE Mohammed Dewji 43 has an estimated net worth of $1.5 billion according to Forbes /FILE
Kenny Thornton | 13 October, 2018, 10:19

A new report by The Guardian states that Mohammed Dewji, a man popularly referred to as Africa's youngest billionaire, has been kidnapped.

The abductors, who are believed to be foreign nationals, accessed the gym through gates that are believed to have been left open deliberately, Dar es Salaam regional police commissioner Lazaro Mambosaso told CNN.

Earlier, Mambosasa told reporters in Dar es Salaam that abductors covered their faces during the terrible event in the city.

Police have already made some arrests.

Dewji runs MeTL, a multi-establishment company operating in six African countries which was founded by his father in the 1970s.

Mr Dewji is ranked 17th by Forbes on its list of Africa's billionaires.

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Mr Dewji is also a major sponsor of one of Tanzania's biggest football teams, Simba.

He also served as a member of parliament for the ruling Chama cha Mapunduzi party from 2005-2015.

In 2013, he became the first Tanzanian to grace the cover of Forbes magazine and was named Forbes Africa Person of the Year in 2015.

Mr Dewji, locally known as Mo, is credited with turning his family business from a wholesale and retail enterprise into a pan-African conglomerate, reports the BBC's Athuman Mtulya from Dar es Salaam. According to Forbes, the billionaire signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes.

"All our borders in and out of the Dar es Salaam region are being monitored to make sure the cars involved are stopped or confiscated and the culprits are brought to justice as soon as possible", Regional Commissioner Paul Makonda said at a news conference.

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