The Youngest Billion Dollar Man in Africa – Mohammed Dewji

Mohammed Dewji is the youngest, richest person in Africa currently, and that’s according to Forbes. He is popularly called ‘Mo’.

Mohammed Dewji, 43, was formerly a member of parliament in Tanzania but retired from active politics in early 2015 after serving for two terms.

He manages the MeTL Group is Tanzania’s largest home grown company, worth more than $1.5 billion with major investments and successful operating companies in areas diverse as agriculture, energy and petroleum, food and beverages, financial services, infrastructure and real estate, logistics and distribution, manufacturing, mobile telephony, textile, trading and transport.

MeTL Group employs the most number of people in Tanzania after the government. It currently has some 28,000 employees on its payroll and the businessman appears to be keen on seeing that number grow five-fold to over 100,000 employees across Africa in the next five to seven years.

His current net-worth is about $1.9 billion.

He is also the founder and financier of the Mo Dewji Foundation (established 2014), a philanthropy that provides scholarships for poor Tanzanian children.

His motto is ‘when God blesses you financially, don’t raise your standard of living, raise your standard of giving.’

Mohammed Dewji

Most recently Mohammed joined the Giving Pledge , an initiative started by Warren Buffett and Bill Gates in 2010.

This pledge is an effort to help address society’s most pressing problems by inviting the world’s wealthiest individuals and families to commit to giving more than half of their wealth to philanthropy either during their lifetime or upon their deaths.

Mohammed is the first Tanzanian and one of the few Africans that have made the pledge in this group of 150+ billionaires, some of whom include Bill Gates, Warren Buffet and Mark Zuckerberg.

Mohammed is not only influential in the business scene but also on social media. He has to 1 million followers on Facebook, around 700,000 followers on Twitter, and another one million followers on Instagram.

Some of Mo’s popular quotes are:

“Success will always come to those that put in hard work. With shortcuts you’ll never truly appreciate your accomplishments in life.”

“Business as usual will never lead to growth and development. Only through innovation and change will you see real progress!”

“Your credibility is one of the most fundamental attributes to have. With it, you will grow. Without it, you will consistently struggle.

“Never let the negativity of others affect your goals. Life is too short to get derailed by people that do not contribute to your growth!”

“Always strive for excellence in life and never make room for mediocrity. Set your standards high and your efforts shall be rewarded.”

He is undoubtedly one of few African billionaires, African millennial look up to in the business world.

It’s up to you to bring yourself to the attention of powerful people around you. They’re not going to find you on their own.~Richard ParsonsTweet
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