Tanzanian Business Magnate Mohammed Dewji Reaches $2.2 Billion Net Worth, Becomes East Africa’s Richest Entrepreneur
In a remarkable financial milestone, Tanzania’s leading business tycoon Mohammed Dewji has ascended to a net worth of $2.2 billion, solidifying his position as the wealthiest individual in East Africa and securing the 12th spot among Africa’s top billionaires.
At just 49 years old, Dewji represents a new generation of African business leaders, demonstrating significant growth from his previous valuation of $1.8 billion. His entrepreneurial empire, Mohamed Enterprises Limited (MeTL), spans diverse sectors including textile manufacturing, flour milling, beverages, and edible oils.
The accomplished businessman has not only achieved substantial financial success but also prioritizes economic empowerment. Through MeTL, Dewji has created 40,000 jobs across 126 businesses, with an ambitious vision to expand employment opportunities to 100,000 for Tanzanians and East Africans.
Beyond business achievements, Dewji is committed to philanthropic efforts. His foundation has collaborated with Tanzania’s Water Ministry to provide clean drinking water to over 15,000 people, drilling and rehabilitating wells across underserved communities.
Most notably, Dewji is pioneering agricultural transformation by planning to invest $250 million in mechanizing 100,000 hectares of Tanzanian farmland. His strategic vision aims to address food insecurity and transform Tanzania into a potential agricultural powerhouse, potentially exporting to African and European markets.
With the collective fortunes of African billionaires now exceeding $100 billion, Dewji represents a dynamic new wave of entrepreneurial leadership focused on sustainable economic development and social impact.
