Abduction of Africa’s Youngest Billionaire Prompts $437,000 Reward and 26 Arrests

Mohammed Dewji
Mohammed Dewji

The family of a Tanzanian billionaire industrialist who was abducted last week offered 1 billion shillings ($437,000) to anyone with new information that will lead to his rescue.

Three phone hotlines have been opened to gather information about the kidnapping of Mohammed Dewji, the 43-year-old owner of MeTL Group, a family spokesman told reporters Monday at the company’s offices in the commercial capital, Dar es Salaam. The spokesman, Azim Dewji, didn’t take further questions.

The abduction of Dewji, listed by Forbes as Africa’s youngest billionaire with a net worth of $1.5 billion, is the latest worrying turn for Tanzania. Once described as an “island of peace” in a turbulent region, the East African nation has seen a recent spate of politically motivated violence. Police have arrested 26 people in connection with Dewji’s kidnapping, the local Mwananchi newspaper reported Monday.

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Abduction of Africa’s Youngest Billionaire Prompts $437,000 Reward

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