Mohammed Dewji Biography
Mohammed Dewji was born on 8th May 1975 in Ipembe Tanzania. He is a Tanzanian businessman, philanthropist, and former politician. He is the CEO of MeTL Group.
Mohammed Dewji Education Background
He attended Arusha Primary School for his primary education and continued his secondary education at the International School of Tanganyika (IST).
In 1992 he was enrolled at the Arnold Palmer Golf Academy in Orlando, Florida, where Dewji also attended Trinity Preparatory School for 11th Grade. He moved for his last and final year of high school to the Saddle Brooke High School in New Jersey.
In 1998 he graduated with a Bachelors in International Business and Finance and a minor in Theology.
Mohammed Dewji Entreprenuership
After graduating he assumed the management of Mohammed Enterprises Tanzania Limited (METL), a commodities trading business founded by his father. After two years of working with
company, he became Chief Financial Officer (CFO) at MeTL.
In the early 2000s, when the Tanzanian government privatized loss-making companies, he acquired them inexpensively and turned them into profit centers by trimming personnel expenses. MeTL Group of Companies is the largest privately owned conglomerate in Tanzania.
Mohammed Enterprises Tanzania Limited (METL)
MeTL Group has investments in manufacturing, agriculture, trading, finance, mobile telephony, insurance, real estate, transport and logistics, and food and beverages. The group is conducting business in 11 countries and employs over 28,000 people with the aim to target over 100,000 people by 2021. MeTL’s operations contribute ~3.5% of Tanzania’s GDP.
Dewji is responsible for increasing MeTL’s revenues from $30 million to over $1.3 billion between 1999 and 2014.
Mohammed Dewji Political Career
In 2000 at the age of 25 he competed to become the Member of Parliament (MP) for Singida Urban. Despite winning the preliminary votes for the ruling party, Chama Cha Mapinduzi
(CCM) with overwhelming majority, Dewji was deemed too young to hold the parliamentary seat.
In October 2005 he vied for Singida Urban constituency on Chama Cha Mapinduzi (CCM) party ticket and he won with a majority of 90 percent of the total votes and was sworn in as a Member of Parliament for Singida Urban constituency on 29 December 2005 a position he held for 10 years after which he resigned from politics in October 2015.
Mohammed Dewji Philanthropy
In 2014 he established Mo Dewji Foundation covering educational assistance, improving accessibility to basic needs such as water and healthcare and agri-business community projects
In 2006, Mohammed Dewji founded the NGO Singida Yetu, with the vision of uniting Singida’s citizens, local government, civil society and the private sector in a collaborative partnership striving to improve the lives of people in the region. In the decade following its inception, Singida Yetu spent more than one billion Tanzanian Shillings (TZS) on community service projects.
Mohammed Dewji Net Worth
According to Forbes, Mohammed Dewji has an estimated net worth of US$1.54 billion (2018). He is the 21st richest person in Africaand Africa’s youngest billionaire (2016).
Mohammed Dewji Honours and Awards
- 2012: Young Global Leader by the World Economic Forum
- 2014: 10 Most Powerful Men In Africa, Forbes Magazine
- 2014: African Philanthropist of the Year Award by the African Leadership magazine
- 2014: Top 100 of young economic leaders
- 2015: Recipient of Ahlulbayt TV Award for Excellence for contributions to the community
- 2015: Philanthropist of the Year Award for the East African region by All Africa Business Leaders Awards (AABLA)
- 2015: Business Leader of the Year Award by African Business Magazine
- 2015: Forbes Africa’s Person Of The Year 2015
- 2016: Choiseul 100 Africa 2016: Economic Leaders for Tomorrow
Mohammed Dewji Family; Wife and Children
His parents are Gulamabbas Dewji and Zubeda Dewji.He is the second child in a family of five.
In 2001 Mohammed Dewji married Saira and they have three children.