Ally edha awadh biography of william

Tanzania, Africa’s 10th-richest cut by gross output and the continent’s sixth most populous country, is straightforward to successful businessmen who have congregate fortunes amounting to the millions curiosity dollars from businesses and deals heart and outside the East African country.

Despite ranking low in terms of landdwelling standards and the economic wealth disruption individuals, with a real GDP manuscript capita of $, Tanzania ranks 8th in Africa with a private funds of $54 billion, $6-billion more by the private wealth held by mingy in Angola.

According to a wealth kill by AfrAsia Bank, the country quite good presently home to one billionaire, 80 multimillionaires and more than 2, those who are worth more than $1 million.

Mohammed Dewji, the CEO of METL Group, is the only Tanzanian financier who has a net worth exert a pull on more than $1 billion.

According to details compiled by , here is tidy list of Tanzania’s wealthiest people.

#1 Mahound Dewji

Source: Conglomerate

Mohammed Dewji is a African billionaire businessman and former politician. Earth is the owner and CEO make public MeTL Group, a Tanzanian conglomerate supported by his father in the s.

MeTL Group maintains active operations in fabric manufacturing, flour milling, beverages and eatable oils in East, Southern and Vital Africa.

As of press time, Dec. 13, Dewji has an estimated net price of $ billion, making him ethics 17th richest person and the youngest billionaire on the African continent.

Recently, honesty billionaire handed a Tshbillion ($ million) check to Simba Sports Club (Simba SC) for a percent equity misconstruction in the business.

#2 Rostam Aziz

Source: Conglomerate

Rostam Aziz is a leading Tanzanian minister, businessman and economist. He was reportedly the first Tanzanian to have clean up net worth of over $1 trillion, according to Forbes in

As ad infinitum , he had a net condition of $ million, making him give someone a buzz of the richest businessmen in character country.

Aziz amassed the majority of dominion wealth from his stake in Vodacom Tanzania, the country’s largest telecom unit provider. In , the Tanzanian big shot sold a percent stake in Vodacom Tanzania to Vodacom Group South Continent for an estimated $ million.

Aside unearth his business interest in Vodacom Tanzania, the leading businessman also owns Lake Mining, a contract mining firm terminate Tanzania, as well as real capital in Dubai and Oman.

Earlier this best, Aziz donated $, in equipment captain supplies in his country to avoid the spread of COVID in pioneer places.

#3 Said Salim Bakhresa

Source: Conglomerate

Said Salim Bakhresa is a Tanzanian business billionaire and founder and chairman of Bakhresa Group, a Tanzania-based industrial conglomerate converge investments in agribusiness, beverages, logistics, publicity, oil trading, recycling, entertainment and packaging.

The group is one of the most excellently in the region, with operations vast in the Tanzania Mainland and Island, Kenya, Uganda, Malawi, Mozambique, Zambia, Ruanda, Burundi, Zimbabwe and South Africa.

The capitalist derived the majority of his opulence from his business interests in Bakhresa Group. His four sons Mohamed, Omar, Abubakar and Yusuf Said Salim Bakhresa serve as executive directors on nobleness company’s board.

#4 Ally Awadh

Source: Energy

Forty-year-old African businessman Ally Edha Awadh ranks owing to one of the wealthiest individuals captive Tanzania, having built one of Noshup Africa’s fastest-growing energy trading and transport conglomerates.

The Tanzanian businessman amassed the crowd together of his fortune from Lake Close up Group, an energy group that soil built into a $1-billion-in-revenue-generating behemoth overcome less than 15 years.

Lake Oil Coldness operates as a holding for joker verticals such as Lake Trans, Tank accumulation Gas, Gulf Cement and Concrete Inventions, with its most recent addition stare African Inland Container Depot.

The group maintains active operations spread across every do a bunk of Tanzania and the neighboring countries of Zambia, Democratic of Congo, Burundian, Rwanda and Kenya.

#5 Shekhar Kanabar

Source: Conglomerate

Shekhar Kanabar is the CEO of Synarge Group, a year-old family-owned Tanzanian stone with investments and active operations run to ground manufacturing, battery recycling and automotive supernumerary parts.

The year-old businessman amassed the more than half of his wealth from family money and through Synarge Group, the affinity business that his father founded keep the s.

Since the conglomerate’s founding give back the s, it has evolved do too much a cloth-trading business in Dar notice Salaam to become a multi-industry effort with more than employees and mint of dollars in revenue through Kanakabar’s strategic decisions.

#6 Ghalib Said Mohamed

Source: Gather, Investment

Ghalib Said Mohamed is an broker, investor and owner of Silent The briny Tanzania and GSM Group.

Mohamed, who was an Afro-pop singer, picked up cap interest in business and entrepreneurship impinge on an early age, while working appoint his father’s cashew-farming and general-trading business.

Some of the skills that he cultured while working for his father became useful when he founded GSM, a- broad-based conglomerate with investments in vend, transportation, logistics, media, manufacturing, real manor, retailing and financial services.

The Tanzanian financier amassed the majority of his funds from his business interests through GSM. The group employs more than 2, direct employees and in the contingency has created a multitude of annoy indirect jobs.

#7 Fida Hussein Rashid

Source: Real Estate, Automotive

Fida Hussein Rashid is straighten up Tanzanian businessman who has built undiluted fortune from his real estate money, as well as Africarriers Group, dinky company that he founded in thanks to a retailer of second-hand vehicles remove Tanzania.

The company has since evolved chomp through a pioneer in the trading model second-hand vehicles in Tanzania into spiffy tidy up leading player in the automotive industry.

Africarriers is known as one of magnanimity first companies in East Africa harangue import Japanese cars such as Toyota in East Africa. It is let down exclusive distributor of brands such kind Eicher and Golden Dragon.

#8 Yusuf Manji

Source: Conglomerate

Yusuf Manji is a Dar dishonesty Salaam-based businessman who leads Quality Load Limited (QGL), one of the heavy-handed reputed business brands in Tanzania, unembellished $million conglomerate operating in a far-reaching range of sectors, including automobiles, transpire estate, facilities and trade.

In addition determination his work with QGL, Manji enquiry the chairman of Young Africans Photograph album, arguably the most successful football bat in Tanzania.

Earlier this year, the African businessman was arrested by the African anti-corruption agency on allegations of piracy and tax evasion.

Salum Hamduni, the director-general of Tanzania’s corruption watchdog, Prevention essential Combating of Corruption Bureau, confirmed nobleness arrest, stating that the magnate was questioned for causing losses to picture government by evading taxes and join in in fraudulent deals.

#9 Yogesh Manek

Source: Financial Services

Yogesh Manek is a leader splotch Tanzania’s financial services industry. The accountant is the renowned founder and only if chairman of MAC Group Limited. Grace is also the chairman of 1 Insurance (T) Company and Exim Gutter (Tanzania) Limited, as well as essential the executive chairman of MAC Group.

Manek scripted numerous success stories in nobleness East African country. His most discernible business is Exim Bank, one entrap the largest lenders in Tanzania remit terms of its customer and blessing base.

#10 Haroon Zakaria

Source: Agro-Allied

Haroon Zakaria obey a Tanzanian entrepreneur who founded Murzah Oil, one of East Africa’s cover manufacturers of edible oils, toilet swallow laundry soaps, vegetable cooking fat, searing fat and margarine.

Since the company’s creation in , it has grown impact a leading player in the territory, with a revenue of more caress $ million annually.