20 arrested in hunt for Tanzania's kidnapped billionaire

Image
AFP Nairobi
Last Updated : Oct 14 2018 | 12:50 AM IST

Twenty people have been arrested as police press a manhunt for Africa's youngest billionaire who was kidnapped in Dar es Salaam two days ago, a minister said Saturday.

Mohammed Dewji, who at 43 is Africa's youngest billionaire, was snatched by gunmen as he entered a hotel gym in Tanzania's economic capital on Thursday morning.

"Up until now, 20 people have been arrested," Interior Minister Kangi Lugola told reporters, without giving any detail on their identities. "Security forces are working day and night" to find him.

Officials have implicated the involvement of foreigners, saying he was taken by "whites".

Dewji is chief executive of the MeTL Group which operates in some 10 countries and has interests in agriculture, insurance, transport, logistics and the food industry. According to Forbes, he is worth USD 1.5 billion (1.29 billion euros) and ranks 17th on the list of African billionaires.

Between 2005-2015, he served as a member of parliament and in 2013, he became the first Tanzanian to grace the cover of Forbes magazine. Two years later, he was named Forbes' Africa Person of the Year.

Dewji is also the main shareholder in Tanzania's Simba FC football club.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 14 2018 | 12:50 AM IST

Next Story