Monday, 17 December, 2018

Africa's youngest billionaire has been rescued hours after he was kidnapped

Update: Tanzanian billionaire Mohammed Dewji rescued Mohammed Dewji kidnapped in Tanzania – Entertainment
Ellis Copeland | 13 October, 2018, 10:21

"Police are looking for suspects and have already made arrests", Mr Lazaro said.

As of February 2018, Dewji has an estimated net worth of USA $1.5 billion, therefore positioning him as the 17th richest person in Africa and the continent's youngest billionaire.

Tanzanian billionaire Mohammed Dewji has been abducted, a government minister said. Two of the men are believed to be white foreign nationals.

Africa's youngest billionaire was kidnapped Thursday while heading into a luxury hotel for his morning workout, according to reports.

Businessmen have never felt at risk of being kidnapped and they often move around on their own.

His conglomerate, the METL Group, operates in over 35 industries as diverse as trading, agriculture, manufacturing, energy and petroleum, financial services, mobile telephony, infrastructure and real estate, transport, logistics and distribution.

Dewji was born in Tanzania and studied at Georgetown University in Washington DC.

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He served two terms in the Tanzania parliament before he resigned in 2015 to dedicate more time to the family business.

Mr Dewji is also the main shareholder in Simba football club, based in Dar es Salaam.

In 2016, Dewji signed The Giving Pledge in 2016 and promised to donate at least half his fortune to philanthropic causes.

Eye witnesses said four unidentified people arrived before the businessman and parked at the hotel.

"Initial information indicates he was kidnapped by whites travelling in two vehicles", regional governor Paul Makonda told journalists, adding that "this kind of incident is new here".

You would be hard pressed to find a person in Dar es Salaam who did not know of Mohammed or the Dewji family and he would often draw large crowds at public events.

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