March 22, 2017
Tanzania produces richest man in East Africa, Kenya misses out
Tanzanian Mohammed Dewji is the richest man in East Africa with net worth of USD1.4 Billion, according to Forbes World list of billionaires.
He puts his country in the map which has Nigeria, South Africa, Egypt, Morocco representing the continent in a global list dominated by United States of America Mohammed Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s. It is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa.
Tanzania's only billionaire in Forbes World list, Dewji operates in at least six African countries and has ambitions to expand to several more. His net worth rose due to an increase in sales in 2015.
Dewji retired from Tanzania's parliament in early 2015 after completing his two terms. His Mo Dewji Foundation provides scholarships for poor Tanzanian children.He signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes.
Kenya missed in the list which profiled wealth value of some 1940 people across the globe.
Nigeria’s Aliko Dangote with investments in Sugar, Cement and Flour is the richest man in Africa followed by South Africa’s Nicky Oppenheimer whose investment is only in diamond. Dangote was ranked at number 105 globally with wealth estimated at USD12.2 billion while the South African billionaire was ranked at 199 globally with an estimated wealth of USD 7 billion.
Source: Tanzania produces richest man in East Africa, Kenya misses out
Tanzania produces richest man in East Africa, Kenya misses out
Tanzanian Mohammed Dewji is the richest man in East Africa with net worth of USD1.4 Billion, according to Forbes World list of billionaires.
He puts his country in the map which has Nigeria, South Africa, Egypt, Morocco representing the continent in a global list dominated by United States of America Mohammed Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s. It is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa.
Tanzania's only billionaire in Forbes World list, Dewji operates in at least six African countries and has ambitions to expand to several more. His net worth rose due to an increase in sales in 2015.
Dewji retired from Tanzania's parliament in early 2015 after completing his two terms. His Mo Dewji Foundation provides scholarships for poor Tanzanian children.He signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes.
Kenya missed in the list which profiled wealth value of some 1940 people across the globe.
Nigeria’s Aliko Dangote with investments in Sugar, Cement and Flour is the richest man in Africa followed by South Africa’s Nicky Oppenheimer whose investment is only in diamond. Dangote was ranked at number 105 globally with wealth estimated at USD12.2 billion while the South African billionaire was ranked at 199 globally with an estimated wealth of USD 7 billion.
Source: Tanzania produces richest man in East Africa, Kenya misses out
