MOHAMMED Dewji
popularly known as Mo, has continued to hold the first spot as Africa's
youngest billionaire, according to the latest report released by
Despite losing US
dollars 300million, the Tanzanian tycoon has continued to maintain the
first spot in six years running. According to the latest report Mo Dewji
is now worth US dollars 1.6 billion.
According to the
latest report, he has climbed one position in the list of Africa Forbes
Africa's billionaires as he now occupies Number16th slot. In the
previous report he was ranked 17th.
Dewji is one of the
key players in private sectorled development in the country, well known
for being a leader in local employment and manufacturing in East and
Central Africa.
His conglomerate,
the METL Group, operates in over 35 industries as diverse as trading,
agriculture, manufacturing, energy and petroleum, financial services,
mobile telephony, infrastructure and real estate, transport, logistics
and distribution.
With a passion in
football, Dewji is a major Simba Sports Club investor and now the
Chairman of the Board. He has pledged to invest further towards the
development of the sport.
Dewji who is best known in the manufacturing sector has been eyeing to expand his businesses in several countries in Africa.
Dewji, served as
member of the Tanzanian Parliament for Chama Cha Mapinduzi (CCM) from
2005 to 2015 for his home town of Singida. Dewji is also the first
Tanzanian to cover Forbes Magazine in 2013.
In a recent
interview Dewji expressed his commitment to invest 500bn/- in the
country and increase 500,000 employment opportunities in five years.
Isabel dos Santos,
the oldest daughter of Angola's longtime former President, Jose Eduardo
dos Santos ( 46) also appears to perform well among young billionaires
as she is now worth US dollars 2.2billion.
Aliko Dangote is
again the Africa's richest man with worth reaching US dollars
10.1billion. He founded and chairs Dangote Cement, the continent's
largest cement producer.
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