Friday, 19 October, 2018

Africa's youngest billionaire kidnapped in Tanzania

Hunt on as Tanzanian billionaire Mohamed Dewji abducted in Dar Update: Tanzanian billionaire Mohammed Dewji rescued
Deanna Wagner | 12 October, 2018, 06:41

The businessman and former politician was reportedly pursued by numerous armed individuals as he made his way into a Dar Es Salaam hotel.

Two of the kidnappers were white men, he added.

Dewji, the owner and president of the multi-billion dollar revenue Mohammed Enterprises Tanzania Ltd (METL Group), was seized as he arrived for a morning workout at a luxury hotel in the country's commercial capital.

They drove into the hotel and opened fire before bundling Dewji into a auto and speeding off, said Dar es Salaam regional police commissioner Lazaro Mambosaso.

Mr Dewji, popularly known as Mo, was abducted as he walked into the exclusive Colosseum Hotel and Fitness Club, in Oyster Bay, an affluent neighbourhood in northwest Dar es Salaam.

With a reputation as one of East Africa's leading forces in regional trade and business development, Dewji served in parliament from 2005 until 2015.

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"Three people have already been arrested but we can't divulge their identity for the moment", he said.

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

"Initial information indicates he was kidnapped by whites travelling in two vehicles", Regional Governor Paul Makonda told journalists on Thursday.

They then sped off while shooting in the air.

Dewji heads up the METL Group, which was established in the 1970s by his father and calls itself Tanzania's "largest home-grown company", according to its website.

Mohammed Dewji is 17th on the list of Africa's billionaires, and worth $1.5 billion, says Forbes.