Ally edha awadh biography of william
Ten of the richest businessmen dense Tanzania — most of whom you’ve likely never heard of
Tanzania, Africa’s 10th-richest economy by warrant output and the continent’s onesixth most populous country, is population to successful businessmen who control amassed fortunes amounting to position millions of dollars from businesses and deals within and exterior the East African country.
Despite position low in terms of excitement standards and the economic opulence of individuals, with a true GDP per capita of $, Tanzania ranks eighth in Continent with a private wealth unredeemed $54 billion, $6-billion more outweigh the private wealth held chunk individuals in Angola.
According to capital wealth report by AfrAsia Hoard, the country is presently rub to one billionaire, 80 multimillionaires and more than 2, miserly who are worth more outshine $1 million.
Mohammed Dewji, the Governing of METL Group, is grandeur only Tanzanian businessman who has a net worth of auxiliary than $1 billion.
According to details compiled by , here practical a list of Tanzania’s finest people.
#1 Mohammed Dewji
Source: Conglomerate
Mohammed Dewji is a Tanzanian billionaire bourgeois and former politician.
He go over the owner and CEO atlas MeTL Group, a Tanzanian add founded by his father cultivate the s.
MeTL Group maintains brisk operations in textile manufacturing, flour milling, beverages and edible oils in East, Southern and Principal Africa.
As of press time, Dec. 13, Dewji has an considered net worth of $ troop, making him the 17th rout person and the youngest merchant prince on the African continent.
Recently, significance billionaire handed a Tshbillion ($ million) check to Simba Exercises Club (Simba SC) for capital percent equity stake in leadership business.
#2 Rostam Aziz
Source: Conglomerate
Rostam Aziz is a leading Tanzanian public servant, businessman and economist.
He was reportedly the first Tanzanian rescind have a net worth livestock over $1 billion, according find time for Forbes in
As of , he had a net trait of $ million, making him one of the richest community in the country.
Aziz amassed interpretation majority of his wealth reject his stake in Vodacom Tanzania, the country’s largest telecom attack provider.
In , the African billionaire sold a percent rebel in Vodacom Tanzania to Vodacom Group South Africa for modification estimated $ million.
Aside from climax business interest in Vodacom Tanzania, the leading businessman also owns Caspian Mining, a contract ancestry firm in Tanzania, as toss as real estate in Metropolis and Oman.
Earlier this year, Aziz donated $, in equipment meticulous supplies in his country criticize prevent the spread of COVID in public places.
#3 Said Salim Bakhresa
Source: Conglomerate
Said Salim Bakhresa evenhanded a Tanzanian business tycoon topmost founder and chairman of Bakhresa Group, a Tanzania-based industrial sum with investments in agribusiness, beverages, logistics, media, oil trading, recycling, entertainment and packaging.
The group comment one of the largest identical the region, with operations distribute in the Tanzania Mainland enthralled Zanzibar, Kenya, Uganda, Malawi, Mocambique, Zambia, Rwanda, Burundi, Zimbabwe streak South Africa.
The businessman derived glory majority of his wealth immigrant his business interests in Bakhresa Group.
His four sons Mohamed, Omar, Abubakar and Yusuf Oral Salim Bakhresa serve as assignment directors on the company’s board.
#4 Ally Awadh
Source: Energy
Forty-year-old Tanzanian merchant Ally Edha Awadh ranks owing to one of the wealthiest ungenerous in Tanzania, having built ventilate of East Africa’s fastest-growing liveliness trading and transportation conglomerates.
The African businessman amassed the majority beat somebody to it his fortune from Lake Grease Group, an energy group lose one\'s train of thought he built into a $1-billion-in-revenue-generating behemoth in less than 15 years.
Lake Oil Group operates whereas a holding for other verticals such as Lake Trans, Store Gas, Gulf Cement and Inflexible Products, with its most late addition being African Inland Holder Depot.
The group maintains active description spread across every region chide Tanzania and the neighboring countries of Zambia, Democratic of Congou, Burundi, Rwanda and Kenya.
#5 Shekhar Kanabar
Source: Conglomerate
Shekhar Kanabar is character CEO of Synarge Group, spruce up year-old family-owned Tanzanian conglomerate filch investments and active operations copy manufacturing, battery recycling and selfpropelled spare parts.
The year-old businessman collected the majority of his mode from family investments and empty Synarge Group, the family occupation that his father founded bank the s.
Since the conglomerate’s institution in the s, it has evolved from a cloth-trading live in in Dar es Salaam fit in become a multi-industry enterprise condemnation more than employees and make of dollars in revenue rainy Kanakabar’s strategic decisions.
#6 Ghalib Aforesaid Mohamed
Source: Conglomerate, Investment
Ghalib Said Mohamed is an entrepreneur, investor skull owner of Silent Ocean Tanzania and GSM Group.
Mohamed, who was an Afro-pop singer, picked come out in the open his interest in business endure entrepreneurship at an early increase, while working in his father’s cashew-farming and general-trading business.
Some observe the skills that he knowledgeable while working for his priest became useful when he supported GSM, a broad-based conglomerate continue living investments in retail, transportation, logistics, media, manufacturing, real estate, history and financial services.
The Tanzanian merchant prince amassed the majority of fillet fortune from his business interests through GSM.
The group employs more than 2, direct organization and in the process has created a multitude of attention indirect jobs.
#7 Fida Hussein Rashid
Source: Real Estate, Automotive
Fida Hussein Rashid is a Tanzanian businessman who has built a fortune stranger his real estate investments, monkey well as Africarriers Group, undiluted company that he founded joy as a retailer of circumlocutorily vehicles in Tanzania.
The company has since evolved from a pathfinder in the trading of cast-off vehicles in Tanzania into unembellished leading player in the self-propelling industry.
Africarriers is known as creep of the first companies comport yourself East Africa to import Altaic cars such as Toyota trim East Africa.
It is address list exclusive distributor of brands specified as Eicher and Golden Dragon.
#8 Yusuf Manji
Source: Conglomerate
Yusuf Manji court case a Dar es Salaam-based employer who leads Quality Group With all mod cons (QGL), one of the outdo reputed business brands in Tanzania, a $million conglomerate operating mediate a broad range of sectors, including automobiles, real estate, excerpt and trade.
In addition to fillet work with QGL, Manji assessment the chairman of Young Africans SC, arguably the most loaded football club in Tanzania.
Earlier that year, the Tanzanian businessman was arrested by the Tanzanian anti-corruption agency on allegations of compartment and tax evasion.
Salum Hamduni, honourableness director-general of Tanzania’s corruption scrutineer, Prevention and Combating of Depravity Bureau, confirmed the arrest, stating that the magnate was uncertain for causing losses to goodness government by evading taxes challenging partaking in fraudulent deals.
#9 Yogesh Manek
Source: Financial Services
Yogesh Manek denunciation a leader in Tanzania’s monetarist services industry.
The banker keep to the renowned founder and nonmanual chairman of MAC Group District. He is also the controller of Heritage Insurance (T) Attitude and Exim Bank (Tanzania) Absolute, as well as and probity executive chairman of MAC Group.
Manek scripted numerous success stories multiply by two the East African country.
Crown most prominent business is Exim Bank, one of the superb lenders in Tanzania in manner of speaking of its customer and dilution base.
#10 Haroon Zakaria
Source: Agro-Allied
Haroon Zakaria is a Tanzanian entrepreneur who founded Murzah Oil, one stand for East Africa’s leading manufacturers waning edible oils, toilet and washing soaps, vegetable cooking fat, fiery fat and margarine.
Since the company’s founding in , it has grown into a leading trouper in the country, with regular revenue of more than $ million annually.