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20 arrested in hunt for Tanzania's kidnapped billionaire

AFP  |  Nairobi 

Twenty people have been arrested as police press a manhunt for Africa's youngest billionaire who was kidnapped in two days ago, a 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 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 of the which operates in some 10 countries and has interests in agriculture, insurance, transport, logistics and the 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 and in 2013, he became the first Tanzanian to grace the cover of magazine. Two years later, he was named Forbes' Person of the Year.

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, October 14 2018. 00:50 IST