Youngest Billionaire In Africa Kidnapped

According to reports from CNN, an Africa’s youngest billionaire has been kidnapped by gunmen from a hotel in the capital of Tanzania. 43-year-old Mohammed Dewji was taken after leaving the hotel gym. He was finishing up his morning workout at around 6:30 a.m.

Police commissioner Lazaro Mambosaso says that he and his team believe the captors were able to access the gym through gates that were open. The hotel is in the Dar es Salaam region of Tanzania. Lazaro says that men began to open fire after driving into the hotel. They then grabbed Dewji and sped off.

The commissioner says that they were shooting in the air and there were no injuries to anyone in the hotel. They currently in the process of questioning staff who were working during the kidnapping. There is no known motive yet for the kidnapping. However, the police expect the kidnappers to ask for a ransom. There are reports going around that Dewji is fine and at home. However, Commissioner Lazaro says that they are false. Police are looking everywhere in the country for Dewji.

Kidnapping Of Africa’s Youngest Billionaire

As Africa’s youngest billionaire, Dewji runs the METL group. The company is a family business that has been around since the 1970s. METL operates across six countries in Africa.

The company, which is a pan-African conglomerate, has tons of textile holding and food and beverage manufacturing the spans across Africa. Dewji, he also goes by Mo, was able to launch Mo Cola in 2014 to compete with Coca-Cola successfully.

Forbes Magazine has his net worth at $1.5 billion, giving him the title as Africa’s youngest billionaire. In 2016, Dewji signed The Giving Pledge, in which he promises to donate at least half of his earning to different philanthropic causes. He was able to serve two terms in the Tanzania parliament before his resignation in 2015 to spend more time working on the family business.