Africa's Youngest Billionaire Is 43 And He's Been Kidnapped

'Shock' as African Billionaire Is Kidnapped

'Shock' as African Billionaire Is Kidnapped

Police in Dar es Salaam have arrested at least 30 people for questioning in connection with the kidnapping of billionaire Mohammed Dewji on Thursday.

Dar es Salaam police chief Lazaro Mambosasa also implicated foreigners in the crime during a press conference, adding they had "shot into the air" before bustling Dewji into their vehicle.

"They came in a vehicle to the hotel and started shooting in the air before they took him away".

Mr Dewji was kidnapped by an armed gang in the wee hours of Thursday, October 11, as he entered a gym at Colosseum Hotel and Fitness Club. As of 2018, the pledge has 184 signatories, including moguls and majority pledgers: Bill Gates, Warren Buffet and Michael Bloomberg.

Police are hunting for suspects and have already made 12 arrests.

Dewji is the continent's youngest person to amass wealth in excess of a billion dollars.

Dewji, 43, is worth $1.5 billion and is described as the only billionaire in Tanzania. He is the CEO of METL, a conglomerate founded by his father in the 1970s focused on textile manufacturing, flour mills, drinks and edible oils.

The businessman is the main shareholder of Tanzania's Simba FC football club and is also head of the MeTL Group, which operates agriculture, insurance, transport, logistics and food interests across nearly a dozen countries. It's the sixth abduction of a billionaire in Africa this year, but the first in Tanzania, reports the Citizen.