On theinfonomia.com Person of the week, we will be looking into the life and achievements of Africa’s Youngest Billionaire. 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.
Mohammed Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s. It is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa.Tanzania’s only billionaire,
Dewji operates in at least six African countries and has ambitions to expand to several more.
His net worth rose due to an increase in sales in 2015. Dewji retired from Tanzania’s parliament in early 2015 after completing his two terms.
His Mo Dewji Foundation provides scholarships for poor Tanzanian children. He signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes.
Mohammed Dewji – Honours and awards
- 2012: Young Global Leader by the World Economic Forum
- 2014: 10 Most Powerful Men In Africa, Forbes Magazine
- 2014: African Philanthropist of the Year Award by the African Leadership magazine
- 2014: Top 100 of young economic leaders
- 2015: Recipient of Ahlulbayt TV Award for Excellence for contributions to the community
- 2015: Philanthropist of the Year Award for the East African region by All Africa Business Leaders Awards (AABLA)
- 2015: Business Leader of the Year Award by African Business Magazine
- 2015: Forbes Africa’s Person Of The Year 2015
- 2016: Choiseul 100 Africa 2016: Economic Leaders for Tomorrow
To The youths, opportunists, Goal setters, Entrepreneurs, we present to you our person this week on theinfonomia.com Mohammed Dewji