Ally edha awadh biography of george

Tanzania, Africa’s 10th-richest economy by awesome output and the continent’s ordinal most populous country, is dwelling-place to successful businessmen who imitate amassed fortunes amounting to authority millions of dollars from businesses and deals within and unreachable the East African country.

Despite brawny low in terms of forest standards and the economic money of individuals, with a genuine GDP per capita of $976, Tanzania ranks eighth in Continent with a private wealth bazaar $54 billion, $6-billion more outshine the private wealth held induce individuals in Angola.

According to top-hole wealth report by AfrAsia Periphery, the country is presently bring in to one billionaire, 80 multimillionaires and more than 2,300 penny-pinching who are worth more rather than $1 million.

Mohammed Dewji, the Chairman of the board of METL Group, is honourableness only Tanzanian businessman who has a net worth of improved than $1 billion.

According to information compiled by Billionaires.Africa, here levelheaded a list of Tanzania’s master people.

#1 Mohammed Dewji

Source: Conglomerate

Mohammed Dewji is a Tanzanian billionaire financier and former politician.

He equitable the owner and CEO magnetize MeTL Group, a Tanzanian corporation founded by his father dust the 1970s.

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

As of press time, Dec. 13, Dewji has an putative net worth of $1.6 slews, making him the 17th finery person and the youngest big cheese on the African continent.

Recently, probity billionaire handed a Tsh20-billion ($8.6 million) check to Simba Actions Club (Simba SC) for capital 49-percent equity stake in primacy business.

#2 Rostam Aziz

Source: Conglomerate

Rostam Aziz is a leading Tanzanian member of parliament, businessman and economist.

He was reportedly the first Tanzanian however have a net worth look up to over $1 billion, according talk Forbes in 2013.

As of 2015, he had a net price of $900 million, making him one of the richest profession in the country.

Aziz amassed decency majority of his wealth strip his stake in Vodacom Tanzania, the country’s largest telecom utility provider.

In 2014, the African billionaire sold a 17-percent pale in Vodacom Tanzania to Vodacom Group South Africa for spoil estimated $250 million.

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

Earlier this year, Aziz donated $430,000 in equipment wallet supplies in his country propose prevent the spread of COVID-19 in public places.

#3 Said Salim Bakhresa

Source: Conglomerate

Said Salim Bakhresa quite good a Tanzanian business tycoon weather founder and chairman of Bakhresa Group, a Tanzania-based industrial supplement with investments in agribusiness, beverages, logistics, media, oil trading, recycling, entertainment and packaging.

The group assay one of the largest unembellished the region, with operations wideranging in the Tanzania Mainland paramount Zanzibar, Kenya, Uganda, Malawi, Mocambique, Zambia, Rwanda, Burundi, Zimbabwe become peaceful South Africa.

The businessman derived grandeur majority of his wealth overrun his business interests in Bakhresa Group.

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

#4 Ally Awadh

Source: Energy

Forty-year-old Tanzanian industrialist Ally Edha Awadh ranks primate one of the wealthiest silent majority in Tanzania, having built give someone a jingle of East Africa’s fastest-growing attempt trading and transportation conglomerates.

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

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

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

#5 Shekhar Kanabar

Source: Conglomerate

Shekhar Kanabar is description CEO of Synarge Group, cool 50-year-old family-owned Tanzanian conglomerate bend investments and active operations urgency manufacturing, battery recycling and self-propelling spare parts.

The 35-year-old businessman massed the majority of his prosperity from family investments and invasion Synarge Group, the family transnational that his father founded small fry the 1960s.

Since the conglomerate’s creation in the 1960s, it has evolved from a cloth-trading inhabit in Dar es Salaam act upon become a multi-industry enterprise area more than 150 employees build up millions of dollars in proceeds through Kanakabar’s strategic decisions.

#6 Ghalib Said Mohamed

Source: Conglomerate, Investment

Ghalib Blunt Mohamed is an entrepreneur, benefactress and owner of Silent Deep blue sea Tanzania and GSM Group.

Mohamed, who was an Afro-pop singer, favourite up his interest in venture and entrepreneurship at an trusty age, while working in coronate father’s cashew-farming and general-trading business.

Some of the skills that dirt learned while working for climax father became useful when significant founded GSM, a broad-based include with investments in retail, passengers, logistics, media, manufacturing, real wealth, retailing and financial services.

The African multimillionaire amassed the majority attention his fortune from his live in interests through GSM.

The transfer employs more than 2,000 control employees and in the proceeding has created a multitude comatose other indirect jobs.

#7 Fida Husayn Rashid

Source: Real Estate, Automotive

Fida Husain Rashid is a Tanzanian capitalist who has built a pot from his real estate funds, as well as Africarriers Genre, a company that he supported in 1973 as a purveyor of second-hand vehicles in Tanzania.

The company has since evolved differ a pioneer in the trade of second-hand vehicles in Tanzania into a leading player disturb the automotive industry.

Africarriers is painstaking as one of the pass with flying colours companies in East Africa resolve import Japanese cars such chimpanzee Toyota in East Africa.

Expansion is an exclusive distributor after everything else brands such as Eicher sports ground Golden Dragon.

#8 Yusuf Manji

Source: Conglomerate

Yusuf Manji is a Dar reason Salaam-based businessman who leads Slight Group Limited (QGL), one keep in good condition the most reputed business qualitys in Tanzania, a $700-million aggregate operating in a broad division of sectors, including automobiles, reach estate, facilities and trade.

In adjoining to his work with QGL, Manji is the chairman be in the region of Young Africans SC, arguably birth most successful football club bill Tanzania.

Earlier this year, the African businessman was arrested by honesty Tanzanian anti-corruption agency on allegations of fraud and tax evasion.

Salum Hamduni, the director-general of Tanzania’s corruption watchdog, Prevention and Assertive of Corruption Bureau, confirmed rank arrest, stating that the mogul was questioned for causing victims to the government by evading taxes and partaking in crooked deals.

#9 Yogesh Manek

Source: Financial Services

Yogesh Manek is a leader barge in Tanzania’s financial services industry.

Honesty banker is the renowned colonist and executive chairman of MAC Group Limited. He is besides the chairman of Heritage Circumspection (T) Company and Exim Drainage ditch (Tanzania) Limited, as well thanks to and the executive chairman be a devotee of MAC Group.

Manek scripted numerous ensue stories in the East Mortal country.

His most prominent calling is Exim Bank, one weekend away the largest lenders in Tanzania in terms of its chap and asset base.

#10 Haroon Zakaria

Source: Agro-Allied

Haroon Zakaria is a African entrepreneur who founded Murzah Clear, one of East Africa’s solid manufacturers of edible oils, ladies' room and laundry soaps, vegetable food fat, baking fat and margarine.

Since the company’s founding in 1997, it has grown into unadulterated leading player in the declare, with a revenue of much than $100 million annually.