Africa's 'youngest billionaire' abducted in Tanzania

Africa's 'youngest billionaire' abducted in Tanzania

Tanzania’s young billionaire, Mohammed Dewji has been kidnapped by gunmen in Dar es Salam.

According to police the 43-year-old was abducted outside a swanky hotel gym where he was going for his routine morning workout.

Police in Tanzania say the motive for the abduction of Mr. Dewji is unknown and unclear.

Africa's 'youngest billionaire' abducted in Tanzania

Financial magazine Forbes says Mohammed Dewji is worth $1.5bn (£980m). Source: BBC
Source: UGC

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Police also say so far; three people have been arrested in connection with the abduction. Two of them are believed to be foreign nationals.

Mohammed Dewji, is said to be worth at $1.5bn (£980m), according to Forbes. In 2017, a Forbes report named him as Africa’s youngest billionaire.

He promised in 2016 to donate at least half his fortune to philanthropic causes, Forbes said.

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.

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His company, METL, has interests in textile manufacturing, flour milling, beverages and edible oils in at least six African states.

Environment Minister January Makamba, a friend of Mr Dewji, tweeted that he had spoken to Mr Dewji's father and the family confirmed that he had been kidnapped.

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Source: Yen.com.gh

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