BREAKING: Africa's youngest billionaire Mohammed Dewji kidnapped in Tanzania

BREAKING: Africa's youngest billionaire Mohammed Dewji kidnapped in Tanzania

- The African business community has been greeted with the shocking report of the kidnap of Africa's youngest billionaire, Mohammed Dewji

- Dewji was kidnapped by two men on Thursday, October 11, while he was walking into the Colosseum Hotel and Fitness Club in Oyster Bay in Tanzania

- The sad development has put the police unit in the region on red alert, while the business tycoon is still in captivity

Recent reports reveal that Africa's youngest billionaire, Mohammed Dewji, has been kidnapped in Dar es Salaam, the capital city of Tanzania.

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According to reports, the 44-year-old mogul was walking into the Colosseum Hotel and Fitness Club in Oyster Bay, Dar es Salaam for his routine gym session during the early hours of Thursday, October 10, when two white men flanked by some accomplices in two cars accosted him, forced put him into the vehicle and zoomed off, Forbes reports.

Lazaro Mambosasa, the Dar es Salaam special zone police commander, revealed that security operatives in the country have been beefed up as the search for the criminal is underway. Mambosasa urged members of the public to report useful information that may help in discovering the whereabouts of Dewji's kidnappers.

The well known victim is one of the top players in private sector-led development of Tanzania; he is also popular for being a leader in local employment and manufacturing in east and central subregions in the continent.

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Dewji's conglomerate, the METL Group, operates in over 35 industries such as trading, agriculture, manufacturing, energy, petroleum, financial services, mobile telephony, infrastructure and real estate, transport, logistics and distribution. He presently has a net worth of $1.5 billion.

Meanwhile, reported that Nigerian business mogul, Aliko Dangote, remains Africa’s richest person with $12.2 billion net worth, according to the latest 2018 global list released. He is followed by Nicky Oppenheimer who had a net worth of $7.7 billion

Dangote is joined by just two other Nigerian billionaires on this year’s list, telecom tycoon Mike Adenuga, who was known as Africa’s fifth richest person with an estimated $5.3 billion fortune, and oil billionaire Folorunsho Alakija, who has an estimated net worth of $1.6 billion.

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