Tanzanian tycoon Mohammed Dewji has remained the richest East African in the 2018 FORBES list of the World’s Billionaires.
Dewji, 42, also remains Africa’s youngest billionaire.
Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s, is now the only East African to make it to the latest Forbes billionaires list.
METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. METL operates in at least six African countries and has ambitions to expand to several more.
According to Forbes, Dewji’s net worth stood at US$1.5bn as of March07, 2018.
He is the 17th richest person in Africa and number 1,561 world over.
Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. He is married and blessed with three children.