Africa’s youngest billionaire, Mohammed Dewji kidnapped in Tanzania

Africa’s youngest billionaire, Mohammed Dewji kidnapped in Tanzania

Agency News

Dodoma, Oct 12: Mohammed Dewji, 43, Africa's youngest billionaire was kidnapped by gunmen in Tanzania's economic capital Dar es Salaam.

He was abducted as he entered the gym of a hotel in Dar es Salaam,police said. According to the report published in CNN,the kidnappers, who are believed to be foreign nationals, accessed the gym through gates which were left open deliberately.

"They came in a car to the hotel and started shooting in the air before they took him away. We are questioning the staffs who were on duty at the time," the police commissioner said.

The motive behind the kidnapping is still unknown, although police expect this to be a "ransom" kidnapping. Dewji is Africa's youngest billionaire and runs the METL group, which operates across six African countries.

According to Forbes Magazine, he has a net worth of $1.5 billion which makes him Africa's youngest billionaire. In 2016, Dewji promised to donate at least half his fortune to philanthropic causes. Earlier, he also served two terms in the Tanzania parliament before he resigned in 2015 to dedicate more time to the family business. (UNI)