The family of Africa’s youngest billionaire, who was kidnapped last week, is offering a hefty reward for information that would lead to the safe return of their son.
Tanzanian business magnate Mohammed Dewji, 43, was abducted on October 11. His family is offering 1 billion Tanzanian shillings, which is equivalent to approximately US$437,000, to anyone who has information about his whereabouts that would lead to his homecoming.
The kidnapping took place between 5:35 and 5:40 a.m. outside the gym of the Colosseum Hotel in Tanzania’s capital city of Dar es Salaam, the family said in a statement. They are continuing to search for him and stressed that anyone who comes forward with information would remain anonymous.
“We would like to thank God, and applaud the Government of the United Republic of Tanzania and its institutions for the hard work they are currently doing to make sure that our beloved son is found,” wrote Azim Dewji, who identified himself as the family spokesperson. “We urge you to continue keeping MO in your prayers as our nation continues the search for him.”
Mohammed Dewji, who is known as Mo, is the CEO of Tanzanian conglomerate MeTL Group, which his father started as a commodities trading business in the 1970s. Dewji studied business at Georgetown and then returned to Tanzania to take over the company, turning it into an industrial giant. MeTL conducts business in dozens of diverse industries including textile manufacturing, cotton farming and cargo transportation. In 2014, Dewji launched Mo Cola, to compete with Coca Cola.
With an estimated net worth of $1.5 billion, he is the youngest billionaire in Africa and the only billionaire in Tanzania. Dewji signed the Giving Pledge in 2016 and promised to donate over half his fortune to charity.