Mohammed Dewji: Africa’s Youngest Billionaire Kidnapped in Dar es Salam

image credit: Forbes Africa

Forbes Africa reports that Mohammed Dewji, Africa’s youngest billionaire worth US$1.5 billion has been abducted in Tanzania, Thursday morning (11/10/18) on his way to a gym session in a luxury hotel in the capital, Dar es Salam.

Per the report, masked gunmen in two cars ambushed the business mogul as he walked into the exclusive Colosseum Hotel and Fitness Club, where he is supposed to be a member. Three people have been arrested and two of them according the BBC are foreign nationals. 

Paul Makonda, the Dar es Salaam regional commissioner said the businessman was kidnapped by two men as he entered the hotel, they fired a gun and opened the gate to kidnap Mohammed Dewji. 

The young billionaire was named Forbes Africa’s Person of The Year in 2016, as he single-handedly turned his father’s trading business into Tanzania’s largest import-export group.

Just 43 yesrs old, Dewji is the CEO of MeTL, which actively deals in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. He is also the main sponsor of a Tanzanian football club, Simba based in Msimbazi Street, Kariakoo, Dar es Salaam .

His company has plans to expand into other parts of the continent.

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