@TheStar

African billionaire abducted in Tanzania returns home safely

3 weeks ago, 09:58

By: Reuters

Africa's youngest billionaire, snatched a week ago off the street outside a luxury hotel in Tanzania, has returned back home safely, the family company that he runs said on Saturday.

Mohammed Dewji, 43-year-old CEO of the METL Group family conglomerate, was seized as he arrived for a morning workout in Tanzania's commercial capital Dar es Salaam last week. Forbes estimates his net worth as $1.5 billion, making him Africa's 17th richest man and its youngest billionaire.

"I have returned home safely'" METL Group quoted him as saying on its Twitter feed, without providing more details about how he was freed or got away from his captors.

The company also quoted him thanking those who had worked for his release, including the police.

The seizure of Dewji, who has also served as member of parliament in the past, had caused consternation in the East African nation as he is one of its most prominent business executives.

January Makamba, the country's minister of environment and Dewji's former colleague in parliament, also tweeted on Saturday morning that he had spoken with him and that he was safe.

Makamba said that Dewji had bruises on his hands and feet from being tied up by his kidnappers. He said the kidnappers had freed Dewji by dumping him in a field in the early hours of Saturday morning.

Dewji's family had offered a reward of 1 billion Tanzania shillings ($440,000) for information leading to his release.

METL Group is involved in a diverse range of manufacturing, farming, transport, infrastructure, agroprocessing and telecoms businesses spanning 11 African countries.

 


Read More


Category: topnews news

Suggested

5 hours ago, 23:35
@CITIZENTV - By: Reuters
Jordanian court sentences nine militants in Karak shooting

A court in Jordan on Tuesday sentenced nine militants to prison terms ranging from three years to life for a shooting rampage two years ago. ...

Category: topnews news
6 hours ago, 23:04
@CITIZENTV - By: Reuters
Rival Libya leaders meet for first time since May

Libya’s two main rival leaders met for the first time in more than five months at a conference hosted by Italy on Tuesday. ...

Category: topnews news
1 hour ago
@StandardMedia - By: Kevine Omollo And ...
Kiunjuri: You will carry your own cross over 15, 000 tonnes spoilt maize

National Cereals and Produce Board management in Kisumu has been put on the spot over negligence that has seen more than 15,000 tonnes of maize go bad ...

Category: topnews news
1 hour ago
@StandardMedia - By: Josphat Thiong'o
Raila halts replacement of Nairobi Assembly ODM leadership

There was a plot to replace Minority Leader Elias Okumu and Minority Whip Peter Imwatok ...

Category: topnews news
1 hour ago
@StandardMedia - By: Augustine Oduor
Teachers wave goodbye to lengthy hospital wait

Insurer scraps rule for health centres to seek authorisation to treat the tutors and their dependants. ...

Category: topnews news
6 hours ago, 22:34
@CITIZENTV - By: Cnn
Syrian Kurds resume push to rid ISIS from last pockets of Syria

Syrian Kurdish forces are resuming the final phase of operations against ISIS, as the terrorist group is pushed back into its last remaining slivers of territory. ...

Category: topnews news

@TheStar

African billionaire abducted in Tanzania returns home safely

3 weeks ago, 09:58

By: Reuters

Africa's youngest billionaire, snatched a week ago off the street outside a luxury hotel in Tanzania, has returned back home safely, the family company that he runs said on Saturday.

Mohammed Dewji, 43-year-old CEO of the METL Group family conglomerate, was seized as he arrived for a morning workout in Tanzania's commercial capital Dar es Salaam last week. Forbes estimates his net worth as $1.5 billion, making him Africa's 17th richest man and its youngest billionaire.

"I have returned home safely'" METL Group quoted him as saying on its Twitter feed, without providing more details about how he was freed or got away from his captors.

The company also quoted him thanking those who had worked for his release, including the police.

The seizure of Dewji, who has also served as member of parliament in the past, had caused consternation in the East African nation as he is one of its most prominent business executives.

January Makamba, the country's minister of environment and Dewji's former colleague in parliament, also tweeted on Saturday morning that he had spoken with him and that he was safe.

Makamba said that Dewji had bruises on his hands and feet from being tied up by his kidnappers. He said the kidnappers had freed Dewji by dumping him in a field in the early hours of Saturday morning.

Dewji's family had offered a reward of 1 billion Tanzania shillings ($440,000) for information leading to his release.

METL Group is involved in a diverse range of manufacturing, farming, transport, infrastructure, agroprocessing and telecoms businesses spanning 11 African countries.

 


Read More

Category: topnews news

Suggested

5 hours ago, 23:35
@CITIZENTV - By: Reuters
Jordanian court sentences nine militants in Karak shooting

A court in Jordan on Tuesday sentenced nine militants to prison terms ranging from three years to life for a shooting rampage two years ago. ...

Category: topnews news
6 hours ago, 23:04
@CITIZENTV - By: Reuters
Rival Libya leaders meet for first time since May

Libya’s two main rival leaders met for the first time in more than five months at a conference hosted by Italy on Tuesday. ...

Category: topnews news
1 hour ago
@StandardMedia - By: Kevine Omollo And ...
Kiunjuri: You will carry your own cross over 15, 000 tonnes spoilt maize

National Cereals and Produce Board management in Kisumu has been put on the spot over negligence that has seen more than 15,000 tonnes of maize go bad ...

Category: topnews news
1 hour ago
@StandardMedia - By: Josphat Thiong'o
Raila halts replacement of Nairobi Assembly ODM leadership

There was a plot to replace Minority Leader Elias Okumu and Minority Whip Peter Imwatok ...

Category: topnews news
1 hour ago
@StandardMedia - By: Augustine Oduor
Teachers wave goodbye to lengthy hospital wait

Insurer scraps rule for health centres to seek authorisation to treat the tutors and their dependants. ...

Category: topnews news
6 hours ago, 22:34
@CITIZENTV - By: Cnn
Syrian Kurds resume push to rid ISIS from last pockets of Syria

Syrian Kurdish forces are resuming the final phase of operations against ISIS, as the terrorist group is pushed back into its last remaining slivers of territory. ...

Category: topnews news
Our App