Mohammed Dewji named #24 on the list of 55 richest people in Africa by ventures-africa

Tanzanian Billionaire, Mohammed Dewji has been named in a #24 spot on the list of 55 richest people in Africa by ventures-Africa.

Mohammed Dewji has seen his net worth rise considerably over the past year as his MeTL group, a conglomerate in 11 countries with interests in trade, FMCG and manufacturing, undergoes significant expansion.

According to Ventures Africa Dewji has a Net Worth of  $2 BILLION which he acquired through his Diversified businesses and he has managed to Created 16,800 jobs

Also Read: Dangote Tops Forbes magazine's 50 Richest Africans 2013 list

Mohammed Dewji is the third generation of a family of successful Tanzanian entrepreneurs. Over the past decade, as CEO he has grown his family’s business from a national trading house to a multi-billion-dollar, multinational conglomerate, generating a $2-billion fortune for himself in the process. Dewji believes the future of business is in Africa.


“I will only look at a business that is in trouble or poorly managed, and I see potential in that business,” Dewji told Uzodinma Iweala of Venture Africa during their Interview

Textile production is one of the major pillars of Dewji’s manufacturing empire. With cotton and sisal fields across Tanzania and processing factories in Tanzania, Mozambique and Zambia, Dewji is likely the largest textile manufacturer on the African continent.

21st Century Textiles Ltd

Rostam Aziz is another Tanzanian who is listed in the 55  richest people in Africa with a Net Worth of $1.2 BILLION.

Rostam is a businessman and politician of Middle Eastern origin, was elected a member of the Tanzanian parliament in 1993, and went on to win two consecutive terms as MP. He served as finance and economic secretary in the Tanzanian parliament until 2007.




Aziz quit politics in 2011 to focus on his family business. He recently made $240 million from selling 17.2 percent of his 35-percent stake in Vodacom Tanzania, the country’s largest mobile telecommunications company. He owns Caspian, the country’s largest contract mining company, and the Dar ed Salaam Port in partnership with Hutchinson Whampoa. His family’s other interests include leather production, media, shipping, and tourism.

To see the full list of all 55 Richest People in Africa click here - Richlist Ventures-Africa


Source: Venture Africa