Mohammed Dewji: Africa’s ‘youngest billionaire’ abducted in Tanzania

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Mohammed Dewji

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Monetary journal Forbes says Mohammed Dewji is value $1.5bn (£980m).

The person stated to be Africa’s youngest billionaire has been kidnapped by masked gunmen in Tanzania’s fundamental metropolis Dar es Salaam, police say.

Mohammed Dewji, 43, was kidnapped outdoors a swanky resort fitness center the place he was going for his routine morning exercise.

Three individuals have been arrested in reference to the incident and two of the abductors have been believed to be overseas nationals, police added.

The motive for Mr Dewji’s abduction remains to be unclear.

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Who’s Mohammed Dewji?

Monetary journal Forbes places his wealth at $1.5bn (£980m), and has described him as Tanzania’s solely billionaire.

In a 2017 report, it stated Mr Dewji was Africa’s youngest billionaire.

He promised in 2016 to donate no less than half his fortune to philanthropic causes, Forbes stated.

Mr Dewji, regionally generally known as Mo, is credited with turning his household enterprise from a wholesale and retail enterprise right into a pan-African conglomerate, stories the BBC’s Athuman Mtulya from Dar es Salaam.

His firm, METL, has pursuits in textile manufacturing, flour milling, drinks and edible oils in no less than six African states.

Surroundings Minister January Makamba, a good friend of Mr Dewji, tweeted that he had spoken to Mr Dewji’s father and the household confirmed that he had been kidnapped.

What extra will we learn about his abduction?

The abductors fired photographs within the air earlier than driving away with the billionaire, eyewitnesses stated.

Mr Dewji, a health fanatic, had no safety guards with him and had pushed to the fitness center in an prosperous suburb on his personal, Dar es Salaam regional police commissioner Paul Makonda informed reporters.

Two of the abductors have been white males, he added.

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