Connect with us

Metro

Africa’s ‘youngest billionaire’ Dewji abducted in Tanzania

Published

on

The man said to be Africa’s youngest billionaire has been kidnapped by masked gunmen in Tanzania’s main city Dar es Salaam, police say.

Mohammed Dewji, 43, was abducted outside a swanky hotel gym where he was going for his routine morning workout.

Three people have been arrested in connection with the incident and two of the abductors were believed to be foreign nationals, police added.

The motive for Mr Dewji’s abduction is still unclear.

Financial magazine Forbes puts his wealth at $1.5bn (£980m), and has described him as Tanzania’s only billionaire.

In a 2017 report, it said Mr Dewji was Africa’s youngest billionaire.

Mr Dewji is also a major sponsor of one of Tanzania’s biggest football teams, Simba.

He promised in 2016 to donate at least half his fortune to philanthropic causes, Forbes said.

Read also: Interpol bursts criminal networks, rescues 85 Europe-bound child slaves in Sudan

Mr Dewji, locally known as Mo, is credited with turning his family business from a wholesale and retail enterprise into a pan-African conglomerate, reports the BBC’s Athuman Mtulya from Dar es Salaam.

His company, METL, has interests in textile manufacturing, flour milling, beverages and edible oils in at least six African states.

Mr Dewji served as a ruling party MP for a decade until 2015. He told the BBC in a 2014 interview that this possibly made it easier for him to meet top politicians, but it did not give him an unfair advantage, as other businessmen also had access to them.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Metro

Zambian Police to charge ex-President Lungu over ‘people will rise’ comment

Published

on

The Zambian Police says they are going to charge former President Edgar Lungu to court over a recent comment credited to him where he was quoted as saying the “People will rise,” which the police deem inciting.

National Police spokesman, Rae Hamoonga, who gave the indication that the ex-President would be prosecuted over the comment, said the implication of the statement was being assessed, and appropriate legal actions may be taken.

According to reports, Lungu had made the remark when he said ordinary Zambiand would rise if the police continued with the harassment of Patriotic Front (PF) and other opposition members.

But in a statement on Tuesday, Hamoonga said the remarks made by Lungu apparently led to an unrest at the Kabwata Police Station where his followers at the were teargassed and arrested.

He warned that a police station was a protected place by law and that any misconduct within its premises would not be tolerated.

“Today, the actions taken by Kabwata police were in accordance with the law,” Hamoonga said.

The police spokesman noted that the arrest of the Lungu-led PF Chairperson for Information and Publicity, Emmanuel Mwamba, alongside three others on Monday was executed lawfully.

“The police managed to confiscate three drums used by an unruly crowd and these will serve as crucial evidence ” he stated.

Hamoonga further warned that a police station was not a playground for disorderly conduct and individuals engaging in illegal activities within its confines were liable to be arrested.

“The police are committed to upholding the law and ensuring the safety and security of all citizens,” Hamoonga emphasized, while reiterating the importance of respecting the law and maintaining order, emphasizing that a police station was not a venue for disruptive behavior.

Continue Reading

Metro

Nigerian govt debunks coup reports

Published

on

The Nigerian government has dismissed a report that has been making the rounds in the past couple of days of a coup plot by some disgruntled military officers, saying the rumour was not only “unequivocally false”, but “fake and heinous act of disinformation.”

Minister of Information and National Orientation, Mohammed Idris, who made the denial in a statement on Tuesday, said such reports were not only baseless but mere “figment of the warped imagination of detractors, whose malicious intent was to destabilise the country and undermine the present administration.”

The Minister noted that the President Bola Tinubu-led administration would neither be distracted nor intimidated into abandoning the ongoing reforms aimed at rejuvenating the economy and creating a pathway of prosperity for the citizenry.

“It is now evident that some desperate individuals have resorted to publishing fake news to erode public trust in the government and sow the seed of discord in the country,” Idris said.

He added that the government would exercise its rights within the Federal Republic of Nigeria’s laws to contain rogue actions aimed at destabilizing national security and the nation’s hard-earned democracy.

The Minister further urged the Nigerian public to “exercise discernment and refrain from spreading or amplifying the unfounded report,” which was being strategically planted on some pliant and compromised news platforms to subvert the nation’s democracy.

Continue Reading

EDITOR’S PICK

Sports7 hours ago

Exclusive: How Super Eagles captain Musa parted ways with Turkish club Sivasspor

Contrary to various reports in some Nigerian media that Turkish Super Lig club, Sivasspor, sacked Super Eagles captain, Ahmed Musa,...

Tech10 hours ago

IFC to support 100 women-led startups through She Wins Africa

The International Financial Corporation (IFC) has selected 100 women-led startup owners to support through the She Wins Africa program, an...

VenturesNow10 hours ago

Highest in East Africa, Uganda’s trade surplus with Congo DR hits $53 million

According to the Ministry of Finance’s Performance of the Economy report, Uganda had the largest trade surplus with the Democratic...

Culture11 hours ago

SA police arrest seven suspects in connection with rapper AKA’s murder

The South African Police says it has arrested seven suspects in connection with the murder of rapper, Kiernan Forbes, popularly...

Metro11 hours ago

Zambian Police to charge ex-President Lungu over ‘people will rise’ comment

The Zambian Police says they are going to charge former President Edgar Lungu to court over a recent comment credited...

Musings From Abroad17 hours ago

US appoints Tom Perriello new special envoy to Sudan

In an attempt to exert direct influence over Sudan’s peace process, the United States has appointed congressman and former diplomat,...

VenturesNow17 hours ago

Nigeria’s Central Bank clears another $400 million FX backlog

The Central Bank of Nigeria (CNB) paid out an additional $400 million in legitimate foreign exchange backlog to individuals who...

Metro18 hours ago

Nigerian govt debunks coup reports

The Nigerian government has dismissed a report that has been making the rounds in the past couple of days of...

VenturesNow18 hours ago

Nigeria’s central bank raises interest rate to 22.75 %

The Central Bank of Nigeria (CBN), during its Monetary Policy Committee (MPC) meeting on Tuesday, raised its benchmark interest rate,...

VenturesNow18 hours ago

Nigeria’s central bank issues guidelines to oversee digital platforms in financial institutions

Nigeria’s central bank, the CBN, has released new regulations dubbed ‘Exposure Draft of the Risk-based Cyber Cyber-security Framework and Guidelines...

Trending