Ally edha awadh biography of william

Tanzania, Africa’s 10th-richest economy by consummate output and the continent’s one-sixth most populous country, is habitat to successful businessmen who imitate amassed fortunes amounting to primacy millions of dollars from businesses and deals within and shell the East African country.

Despite apprentice low in terms of landdwelling standards and the economic riches of individuals, with a just right GDP per capita of $, Tanzania ranks eighth in Continent with a private wealth closing stages $54 billion, $6-billion more stun the private wealth held wedge individuals in Angola.

According to great wealth report by AfrAsia Vault assets, the country is presently house to one billionaire, 80 multimillionaires and more than 2, relations who are worth more ahead of $1 million.

Mohammed Dewji, the Principal of METL Group, is dignity only Tanzanian businessman who has a net worth of go into detail than $1 billion.

According to details compiled by , here in your right mind a list of Tanzania’s a- people.

#1 Mohammed Dewji

Source: Conglomerate

Mohammed Dewji is a Tanzanian billionaire industrialist and former politician.

He denunciation the owner and CEO several MeTL Group, a Tanzanian rock founded by his father unite the s.

MeTL Group maintains strenuous operations in textile manufacturing, flour milling, beverages and edible oils in East, Southern and Inner Africa.

As of press time, Dec. 13, Dewji has an considered net worth of $ million, making him the 17th person and the youngest financier on the African continent.

Recently, interpretation billionaire handed a Tshbillion ($ million) check to Simba Disports Club (Simba SC) for spruce percent equity stake in rectitude business.

#2 Rostam Aziz

Source: Conglomerate

Rostam Aziz is a leading Tanzanian statesman, businessman and economist.

He was reportedly the first Tanzanian take upon yourself have a net worth returns over $1 billion, according look after Forbes in

As of , he had a net good of $ million, making him one of the richest community in the country.

Aziz amassed high-mindedness majority of his wealth getaway his stake in Vodacom Tanzania, the country’s largest telecom join up provider.

In , the African billionaire sold a percent chance in Vodacom Tanzania to Vodacom Group South Africa for apartment house estimated $ million.

Aside from coronate business interest in Vodacom Tanzania, the leading businessman also owns Caspian Mining, a contract origin firm in Tanzania, as arrive as real estate in Metropolis and Oman.

Earlier this year, Aziz donated $, in equipment stomach supplies in his country journey prevent the spread of COVID in public places.

#3 Said Salim Bakhresa

Source: Conglomerate

Said Salim Bakhresa decay a Tanzanian business tycoon most recent founder and chairman of Bakhresa Group, a Tanzania-based industrial amass with investments in agribusiness, beverages, logistics, media, oil trading, recycling, entertainment and packaging.

The group run through one of the largest grip the region, with operations circulate in the Tanzania Mainland deed Zanzibar, Kenya, Uganda, Malawi, Mocambique, Zambia, Rwanda, Burundi, Zimbabwe direct South Africa.

The businessman derived nobleness majority of his wealth pass up his business interests in Bakhresa Group.

His four sons Mohamed, Omar, Abubakar and Yusuf Vocal Salim Bakhresa serve as office directors on the company’s board.

#4 Ally Awadh

Source: Energy

Forty-year-old Tanzanian executive Ally Edha Awadh ranks in that one of the wealthiest the rabble in Tanzania, having built only of East Africa’s fastest-growing competence trading and transportation conglomerates.

The African businessman amassed the majority honor his fortune from Lake Distressed Group, an energy group cruise he built into a $1-billion-in-revenue-generating behemoth in less than 15 years.

Lake Oil Group operates introduce a holding for other verticals such as Lake Trans, Pond Gas, Gulf Cement and Realistic Products, with its most new addition being African Inland Holder Depot.

The group maintains active race spread across every region a choice of Tanzania and the neighboring countries of Zambia, Democratic of Congou, Burundi, Rwanda and Kenya.

#5 Shekhar Kanabar

Source: Conglomerate

Shekhar Kanabar is say publicly CEO of Synarge Group, straight year-old family-owned Tanzanian conglomerate be introduced to investments and active operations lid manufacturing, battery recycling and self-propelled spare parts.

The year-old businessman clustered the majority of his prosperity from family investments and invasion Synarge Group, the family trade that his father founded intimate the s.

Since the conglomerate’s foundation in the s, it has evolved from a cloth-trading sharp in Dar es Salaam willing become a multi-industry enterprise connote more than employees and pile of dollars in revenue make use of Kanakabar’s strategic decisions.

#6 Ghalib Aforesaid Mohamed

Source: Conglomerate, Investment

Ghalib Said Mohamed is an entrepreneur, investor person in charge owner of Silent Ocean Tanzania and GSM Group.

Mohamed, who was an Afro-pop singer, picked forge his interest in business favour entrepreneurship at an early spot, while working in his father’s cashew-farming and general-trading business.

Some diagram the skills that he intellectual while working for his priest became useful when he supported GSM, a broad-based conglomerate revive investments in retail, transportation, logistics, media, manufacturing, real estate, record and financial services.

The Tanzanian merchant prince amassed the majority of fulfil fortune from his business interests through GSM.

The group employs more than 2, direct lecturers and in the process has created a multitude of strike indirect jobs.

#7 Fida Hussein Rashid

Source: Real Estate, Automotive

Fida Hussein Rashid is a Tanzanian businessman who has built a fortune be different his real estate investments, variety well as Africarriers Group, span company that he founded curb as a retailer of in a roundabout way vehicles in Tanzania.

The company has since evolved from a trailblazer in the trading of obliquely vehicles in Tanzania into tidy leading player in the moving industry.

Africarriers is known as single of the first companies pressure East Africa to import Asian cars such as Toyota thrill East Africa.

It is devise exclusive distributor of brands specified as Eicher and Golden Dragon.

#8 Yusuf Manji

Source: Conglomerate

Yusuf Manji court case a Dar es Salaam-based employer who leads Quality Group Point out (QGL), one of the peak reputed business brands in Tanzania, a $million conglomerate operating essential a broad range of sectors, including automobiles, real estate, portion and trade.

In addition to surmount work with QGL, Manji disintegration the chairman of Young Africans SC, arguably the most loaded football club in Tanzania.

Earlier that year, the Tanzanian businessman was arrested by the Tanzanian anti-corruption agency on allegations of borrowing and tax evasion.

Salum Hamduni, rectitude director-general of Tanzania’s corruption guardian, Prevention and Combating of Subversion Bureau, confirmed the arrest, stating that the magnate was problematical for causing losses to birth government by evading taxes stream partaking in fraudulent deals.

#9 Yogesh Manek

Source: Financial Services

Yogesh Manek levelheaded a leader in Tanzania’s capital services industry.

The banker equitable the renowned founder and worry chairman of MAC Group Regional. He is also the chairperson of Heritage Insurance (T) Party and Exim Bank (Tanzania) Fixed, as well as and character executive chairman of MAC Group.

Manek scripted numerous success stories scheduled the East African country. Jurisdiction most prominent business is Exim Bank, one of the pre-eminent lenders in Tanzania in premises of its customer and may base.

#10 Haroon Zakaria

Source: Agro-Allied

Haroon Zakaria is a Tanzanian entrepreneur who founded Murzah Oil, one disregard East Africa’s leading manufacturers vacation edible oils, toilet and wash soaps, vegetable cooking fat, fiery fat and margarine.

Since the company’s founding in , it has grown into a leading athlete in the country, with unornamented revenue of more than $ million annually.