Africas youngest billionaire abducted in Tanzania

Africas youngest billionaire abducted in Tanzania

The man considered as the youngest billionaire on the african continent, the businessman tanzanian Mohammed Dewji, has been kidnapped Thursday by armed men in Dar es Salaam, said official sources.

The 40-year-old was seized by two masked men as he entered the gym of a luxury hotel in the city.

Lazaro Mambosasa, the Dar es Salaam Special Zone Police Commander, confirmed the abduction of Dewji, saying police have launched a manhunt for the kidnappers.

Police have already made some arrests.

METL is worth more than $1 billion and "employs 24,000 people in industries including agriculture, manufacturing, energy and petroleum, financial services, mobile telephony, infrastructure and real estate", according to the company's website.

In 2016, USA -based Forbes magazine estimated his wealth at $1.5 billion.

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The Colosseum Hotel and Fitness Club is in Oyster Bay, an upscale Dar es Salaam neighborhood.

According to witnesses, two white men dragged, Dewji in the SUV of the brand Toyota Surf and drove away in an unknown direction. Before leading MeTL, he served as a member in Tanzania's parliament from 2005 to 2015.

Dewji became Africa's youngest billionaire at age 41. Earlier reports claiming that Dewji has been rescued have been denounced by local authorities for being fabrications.

Dewji was born in Tanzania and studied at Georgetown University in Washington DC.

The driversaid the kidnappers shot in the air once to scare people away before whisking away Dewji to a waiting vehicle, which sped towards Masaki.

In 2016, the married father of three vowed to donate at least half of his earnings to philanthropic causes.

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