Mohammed Dewji: Africa's 'youngest billionaire' abducted in Tanzania

Mohammed Dewji 43 has an estimated net worth of $1.5 billion according to Forbes /FILE

Dar es Salaam - An Uber taxi driver said on Thursday, 11 October 2018 how prominent businessman, Mohammed Dewji (MO), was abducted at Colosseum Hotel in Dar es Salaam at around 5:00AM.

They drove into the hotel and opened fire before bundling Dewji into a auto and speeding off, said Dar es Salaam regional police commissioner Lazaro Mambosaso.

A taxi driver nearby said when Mr Dewji appeared, the auto parked inside flashed lights before the two white men alighted and seized him.

Dewji was taken by two masked men who fired their guns into the air before driving away from the hotel, the Associated Press reported, citing the regional police commander for the area. He also served as a member of parliament from 2005 to 2015.

The police chief said three people have been arrested and are being questioned.

"They came in a vehicle to the hotel and started shooting in the air before they took him away".

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Dewji, 43, has a net worth of $1.5 billion and is Tanzania's only billionaire, according to Forbes.

In 2013, he became the first Tanzanian to be on the cover of Forbes magazine, and was named Forbes Africa person of the year in 2015.

He is also the main shareholder in Tanzania's Simba FC football club.

Dar es Salaam regional commissioner Paul Makonda cautioned the public against speculation.

Dewji is Africa's youngest billionaire and runs the METL group, a family business founded by his father in the 1970s, that operates across six African countries.

In 2016, Dewji signed The Giving Pledge in 2016 and promised to donate at least half his fortune to philanthropic causes.

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