African Billionaire Abducted in Tanzania

Update: Tanzanian billionaire Mohammed Dewji rescued

Mohammed Dewji kidnapped in Tanzania – Entertainment

In a 2017 report, it said Mr Dewji was Africa's youngest billionaire.

METL operates in over 35 industries as diverse as manufacturing, energy and petroleum, trading, agriculture, financial services, mobile telephony, transport, logistics and distribution, infrastructure and real estate.

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

Mohammed Dewji, the Tanzanian business tycoon and Africa's youngest billionaire who was kidnapped on Thursday morning in the country's capital, Dar es Salaam has been found, police have said.

During a recent press conference, the city's police chief Lazaro Mambosasa went on to reveal that the kidnappers "shot into the air" before forcing Dewji into a vehicle.

The police continue their search and have arrested three men in connection to the kidnapping, the exact motivation behind the abduction unclear, though according to CNN, it is thought to likely be a "ransom" kidnapping.

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Mr Dewji is the owner and chief executive of the multibillion-dollar Mohammed Enterprises Tanzania Ltd (METL Group).

He also served as a member of parliament for the ruling Chama cha Mapunduzi party from 2005-2015.

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.

He said police were searching for two white men considered the main suspects. In 2016 he pledged to give half of his fortune to philanthropic causes.

Dar es Salaam regional commissioner Paul Makonda was among government officials who arrived at the scene.

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