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US$440,000 Reward Offer for Information on the Whereabouts of Kidnapped Tanzania Billionaire

US$440,000 Reward Offer for Information on the Whereabouts of Kidnapped Tanzania Billionaire

Africa's Latest

US$440,000 Reward Offer for Information on the Whereabouts of Kidnapped Tanzania Billionaire

The family of Tanzanian billionaire Mohammed Dewji, has offered 1bn Tanzania shilling ($440,000) reward for information that leads to his rescue.

Dewji was kidnapped at 5 am on 11th October (Thur.) as he left the gym at the Colosseum Hotel in Dar es Salaam.

According to the police in Tanzania, the kidnapping was executed by 5 am people who bundled the billionaire into their vehicle before speeding away in an operation that is said to have taken not more than 30 seconds.

While the motives are still unclear, the police have already arrested more than 20 people in connection with the abduction.

The family is hoping that the reward will help the police quicken their investigations according to the family spokesman, Azim Dewji who was addressing a press conference.

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“We want to assure anyone with the information about the whereabouts of our son to come forward and we will treat their information as secret,” he said.

At 43, Dewji has been listed by Forbes as the youngest billionaire in Africa. A fortune he has amassed while running as the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s with operations across 12 African countries in textile manufacturing, flour milling, beverages, and edible oils.

MeTL Group is Tanzania’s largest homegrown company with revenues of more than US$1.5 billion, which constitutes a little over 3.5% of the GDP of Tanzania and employs 5% of the formal employment sector.

Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes.

Image Credits: Via Citizen Tv (Image has been modified)

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