Doing business in Africa? Four things you should know about, from one of the region’s most successful entrepreneurs
“2017 will be the year the continent bounces back,” says African entrepreneur Mohammed Dewji.
Born: 8 May 1975
Birth Place: Singida, Tanzania
Net-worth: US$ 1.8 Billion (Forbes, 2024)
Mohammed Dewji is a businessman, entrepreneur, philanthropist, and former politician.
EDUCATION:
• Georgetown University, Washington DC, USA – Bachelor of Science (1994 – 1998)
• Major – Finance and International Business | Minor – Theology
MOHAMMED ENTERPRISES TANZANIA LTD (METL GROUP):
• Currently President of MeTL Group
• Increased MeTL’s revenues from $30 million to over 2 billion between 1999 and 2022.
• Has investments in textiles, energy, petroleum, agriculture, insurance, mobile telephony, transport and logistics, trading, real estate, and food and beverages (FMCG).
• The group conducts business in 8 countries and employs over 34,000.
• MeTL’s operations contribute 3.3% of Tanzania’s GDP.
• Operates regionally in Uganda, Mozambique, Kenya, Malawi
POLITICS:
• Mohammed served as a Member of Parliament from 2005 – 2015 for his hometown of Singida.
SELECT ACHIEVEMENTS:
• Appointed member of Prince's International Trust Africa Advisory Board in 2023
• Awarded “Industrialist of The Year” by All Africa Business Leaders Awards (AABLA) in 2023
• Awarded Honorary Doctorate in Humane Letters by Georgetown University, Washington D.C, USA, in 2022
• Appointed to the Presidential Advisory Council on Investment (PACI) in 2019, by HE Cyril Ramaphosa, President of the Republic of South Africa
• Global Peace Foundation – Advisory Board Member, from 2016
• Named Africa’s youngest billionaire by Forbes 2015 to date
• Recipient of the Forbes Africa Person of the Year Award in South Africa in 2015
• Recipient of the AABLA (CNBC) Philanthropist of the Year for the East Africa Region in 2015
• World Economic Forum – Young Global Leader, 2012
PHILANTHROPY:
• Founder of Mo Dewji Foundation (MDF) - established in 2014, serves the community in areas of education through the Mo Scholars program, health, community development, clean water accessibility and gender empowerment.
• Increased the number of secondary schools in Singida from 2 to 17
• Joined the Giving Pledge in 2016 - an initiative started by Warren Buffett and Bill Gates. Giving Pledge aims to address society's most pressing problems by inviting the world's wealthiest to commit over half of their wealth to philanthropy.
SPORTS:
• Owns a 49% stake in Simba Sports Club (SSC) , the largest and most popular sports club in Tanzania
• Invested US$ 20 million in 2019 propelling the club to make it to the quarterfinals of the African Champions league.
• SSC Is now one of the top 10 clubs in Africa