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The Youngest Billionaire In Africa (Mohammad Diwji)

Mohammed "Mo" Gulamabbas Dewji (born 8 July 1975) is a Tanzanian billionaire businessman and former politician. He is the owner of MeTL Group, a Tanzanian conglomerate founded by his father in the 1970s. Dewji served as Member of the Tanzanian Parliament for Chama Cha Mapinduzi (CCM) from 2005 to 2015 for his home town of Singida. As of November 2021, Dewji has an estimated net worth of US$1.6 billion, Africa's 17th richest person and youngest billionaire. Dewji is the first Tanzanian on the cover of Forbes magazine, in 2013.

Dewji received his primary education in Arusha at the Arusha Primary School and continued his secondary education at the International School of Tanganyika (IST) in Dar es Salaam, Tanzania.

In 1992 his father enrolled him at the Arnold Palmer Golf Academy in Orlando, Florida, where Dewji also attended Trinity Preparatory School for 11th grade. Dewji then moved for his last and final year of high school to Saddle Brook High School in New Jersey.

Dewji attended Georgetown University in Washington, D.C., graduating in 1998 with a bachelor's degree in international business and finance and a minor in theology.

Upon graduation from university, Dewji returned home and assumed the management of Mohammed Enterprises Tanzania Limited (MeTL), a commodities trading business founded by his father.

After two years of working with the company, he became chief financial officer (CFO) at MeTL. In the early 2000s, when the Tanzanian government privatized loss-making companies, he acquired them inexpensively and turned them into profit centers by trimming personnel expenses. MeTL Group of Companies is the largest privately owned conglomerate in Tanzania.

Dewji is responsible for increasing MeTL's revenues from $30 million[13] to over $1.5 billion[14] between 1999 and 2018. MeTL Group has investments in manufacturing, agriculture, trading, finance, mobile telephony, insurance, real estate, transport and logistics, and food and beverages. The group conducts business in 11 countries and employs over 28,000 people with the aim to target over 100,000 people by 2021. MeTL's operations contribute ~3.5% of Tanzania's GDP.

According to Forbes, Dewji has an estimated net worth of US$1.9 billion (2019), and is the 17th richest person in Africa and Africa's youngest billionaire (2018). He was the first Tanzanian on the cover of Forbes Magazine, in 2013 and has been featured on three separate occasions. November 2015, Dewji was recognized as the Forbes Africa person of the year In his acceptance speech, he dedicated the award to the youth of Tanzania.

Content created and supplied by: Nana Qwesi (via Opera News )

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