TANZANIAN young entrepreneur and politician, Mr Mohamed Dewji,
has again been named in the list of Africa’s wealthiest businessmen by
Ventures Africa for 2014, an African business magazine and news service.
Mr Dewji, Member of Parliament (MP) for Singida Urban on CCM ticket,
is the only Tanzanian in the list which is regarded as the most
comprehensive compilation of the continent’s wealthiest individuals.
He occupies the 24th position among 55 wealthiest businessmen in Africa
and he and Igho Sanomi of Nigeria remain the continent’s youngest
billionaires. They are both 39 years old.
The young Tanzanian billionaire 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.
Nigeria’s Aliko Dangote, who is the founder of Africa’s largest
industrial conglomerate, Dangote Group, remains the continent’s richest
man.
His net worth has grown to $25.7 billion in 2014, a 21 per cent rise from
his $20.2 billion valuation in 2013. According to the report, Nigeria, South
Africa and Egypt are homes to most billionaires.
Nigeria leads the pack with 23, while South Africa and Egypt have both
produced eight billionaires. In total, twelve African countries are
represented on the list.
The most prevalent industries in which African billionaires operate are:
Construction, financial services, oil and gas, manufacturing and real
estate.
Ms Folorunsho Alakija of Nigeria is the richest black woman in the world,
worth $7.3 billion. She is followed by Isabel dos Santos, daughter of
Angolan President Jose Eduardo Dos Santos, at $3.5 billion.
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