Dewji is a man of extraordinary ambition, and he’s parlayed this single attribute to stunning effect—transforming a small, family-owned regional trading house into a multi-billion dollar, multinational conglomerate and creating one of Africa’s largest fortunes. He owns 75 percent of METL Group, one of Tanzania’s largest industrial conglomerates founded by his father. 1) Mohammed Dewji – Net Worth: $1.3 Billion. image caption There was a huge investigation after Mohammed Dewji was kidnapped in October 2018. Tanzanian businessman Mohammed Dewji is prompt, smiling and wearing his trademark chunky glasses. He also has an impressive social media profile with 487,000 Twitter followers and more than 500,000 Instagram followers. Mohammed Dewji turned a trading house into industrial conglomerate. It is … He acquired moneylosing government-owned manufacturing plants in the textiles and edible oils industries and transformed them into … Mohammed Dewji’s net worth estimate is $100,000 - $1M. Mohammed Dewji has built his family business from a $26m trading and distribution company importing goods into Tanzania into a manufacturer of multiple products and one of Africa’s few companies with revenues of over $1bn. Forbes estimates his net worth as 1.5 billion dollars, making him Africa’s 17th richest man and its youngest billionaire. Dewji bought them out, cheaply. Mohammed Dewji CEO & President. He grew Mohammed Enterprises Tanzania (MeTL) 30-fold and increased revenues from $30 million to $1.1 billion, by diversifying into everything from cement and real estate to energy and mobile telephony. The house is located less than 15km north of the luxury hotel in Oyster Bay where Mr Dewji, popularly known as Mo, was kidnapped on October 11. “The house belonged to the late Mwansasu. This 40-year-old Tanzanian millionaire is the youngest among Africa’s 50 richest for the third year. His next target is to generate $5bn of revenues by 2020 and employ 100,000 people across Africa. Mohammed Dewji single-handedly turned his father’s trading business into Tanzania’s largest import-export group. Spirit of METL These qualities characterize each METL employee: The desire to continually question and challenge the status quo; The relentless drive to find better and more innovative solutions; The passion to meet all of our customers' requirements; Mohammed Dewji, who goes by Mo, turned a trading house founded by his father into industrial conglomerate MeTL Group. It’s an ambitious dream, but for Mohammed Gulamabbas Dewji, it is typical. No one dis­agrees about the comfortable global dominance of East African arabica. We grab a table and an (excellent) espresso. Mohammed Dewji, 43-year-old CEO of the METL Group family conglomerate, was seized as he arrived for a morning workout in Tanzania’s commercial capital Dar es Salaam last week. We are at an upmarket hotel in central London, a stone’s throw from Hyde Park. He is Tanzaniaâ s only billionaire. Speaking at the State House in Dar es Salaam during the swearing-in of newly-appointed leaders and promotion of five senior police officers to the rank of Commissioner of Police (CP), the Head of State said there are more questions than answers on the way the police handled the Dewji case. He is the owner and chief executive of the multibillion-dollar Mohammed Enterprises Tanzania Ltd (METL Group). Tanzanian billionaire Mohammed Dewji says he has made a few lifestyle changes … Tanzanian billionaire Mohammed Dewji. ... replacing the lights in his house with brighter bulbs … Source of Wealth: Business Executive: Net Worth 2021: $100,000 - $1M: Earnings in 2021: Pending: Yearly Salary: Under Review: House(s) He lives in Tanzania: Cars: There are no vehicles shown to the public: All net worths are calculated by applying a proprietary algorithm. Its ownership was changed after his death.