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Top 10 Richest People In Tanzania (Billionaires Of Tanzania 2025)
  • Finance
  • Net-Worth/Wealth
  • Tanzania

Top 10 Richest People In Tanzania (Billionaires Of Tanzania 2025)

Habari rafiki yangu! Allow me to sit with you under the baobab tree, stir our chai, and recount the tales of Uswahilini—the giants whose hustle shaped this beautiful land we call Tanzania. These are not just names but symbols of what vision, resilience, and homegrown drive can achieve. Let us journey, generously and in detail, through their lives, their legacies, and how they built their corners of the nation.

1. Mohammed “Mo” Dewji — The Billionaire Trailblazer

Let me begin with Mo, huyu mtu wetu mwenye roho ya ujasiriamali mkubwa. Mohamed Dewji—born 8 May 1975—is the foremost titan in this list. As CEO of MeTL Group, the conglomerate launched by his grandmother and nurtured by his father, Mo turned humble roots in Singida into a pan-African industrial giant. Now that is mwanzo wa safari!

By October 2024, Forbes pegged his net worth at about US$1.8 billion, making him not only Tanzania’s richest but one of East Africa’s most youthful billionaires. Some sources even stretch his fortune to between $1.8 and $2.2 billion. His MeTL spans textiles, milling, edible oils, beverages (hello, Mo Cola!), agriculture, trading, financial services—and contributes around 3 to 3.5% of Tanzania’s GDP.

But hold up, Mo isn’t just about mammon. Through the Mo Dewji Foundation and signing the Giving Pledge, he has committed half his wealth to uplift humanity—education, health, clean water, and more. Yes rafiki—you see what I mean when we say wealth must have soul? That’s Mo's story.


2. Rostam Aziz — The Quiet Mogul

Next, comes Rostam Aziz—mwanamume mwenye amani, lakini mwenye nguvu. He was Tanzania’s first billionaire, self-made, with a wealth that in recent estimates rounds to about $700 million. Though some reports cite up to $1.04 billion, let’s keep it reasonable.

Rostam’s empire? Telecoms (Vodacom Tanzania), mining via Caspian Limited, energy with Taifa Gas, even aviation, media, real estate. He sold big chunks of Vodacom for hundreds of millions and rolled that capital back into diversified ventures across East Africa. Quiet, solid, expansive. That is the legacy of Aziz.


3. Said Salim Bakhresa — The Industrial Titan

Here is Bakhresa, that from Zanzibar’s narrow streets built a food-and-beverage empire that feeds millions. Born around 1949, he dropped out early, pushing potato mixes, and now commands Bakhresa Group—the largest milling operator in East Africa. His net worth is estimated in the realm of $600 million, though some sources conservatively say around $400 million. He’s also behind Azam TV, shipping, packaging, marine services, and more. A true example of hustler turned institutional titan—inasisimua tu!


4. Ally Awadh — The Energy & Logistics Mogul

Ally Awadh tells the kind of story we all find inspiring. Started in Canada, returned home, built Lake Oil Group—now one of East Africa’s fastest-growing energy traders. Sources estimate his net worth as $600 million, though one source pulls it down to $180 million. Discrepancies aside, his impact is real: massive fuel storage, haulage fleets, cross-border trading—all anchored in Tanzania's growth.


5. Shekhar Kanabar — The Industrial Ironman

Shekhar demonstrates what innovation with humility looks like. Leading Synarge Group, he focuses on automotive accessories, battery recycling, industrial parts. His net worth hovers around $390 million. Simple, local manufacturing turned strategic wealth creation.


6. Fidahussein Rashid — The Automotive Pioneer

A name you’ll often hear when Tanzanians buy quality wheels. founder of Africarriers, he introduced second-hand vehicle trading en masse, now holding distribution rights for big brands like Eicher and Golden Dragon. Net worth? Approximately $145 million. From spares to buses to big dreams: that's Fida Hussein.


7. Yusuf Manji — The Family Business Successor

Yusuf leads Quality Group Ltd, a family-owned business with operations in manufacturing, real estate, retail, and Quality Centre shopping mall. His net worth around $20.4 million. Modest on this list—but part of a legacy and keeping it growing.


8. Ghaleb Said Mohammed — The Diversifier

At the helm of GSM Group, Ghaleb deals in real estate, logistics, financial services, media—many baskets, one strategy. Worth about $15.3 million. Diversification, local roots, upward movement.


9. Yogesh Manek — The Financier

Yogesh runs MAC Group, which includes EXIM Bank and Heritage Insurance. Net worth roughly $9 million. Niche, strategic financial influence counting in millions but valuable names in Tanzanian finance.


10. Abdulaziz Abood — Business & Parliament

A man wearing many hats—founder of Abood Group with interests in transport, petroleum, media, and also serving as MP for Morogoro. Net worth estimated at $8.5 million. That is influence—business meets community representation.


Final Reflection: The Tanzanian Hustle

Habari ya mwisho, my friend: these stories aren’t just about money. They are about roots, grit, innovation, and giving back. From Mo Dewji’s global footprint and philanthropy, to Bakhresa’s food security and industrial growth, to local hustles like Yusuf Manji and Yogesh Manek—we celebrate a mosaic of Tanzanian economic pride.

Every one of these ten built their path—some rooted in family businesses, some carved from adversity, others from innovation. But they all embody that African spirit ripe with resilience and vision.


Call to Action for the Reader

So hapa tunakamata kitu, rafiki—take this energy into your own journey. Learn, adapt, innovate, and maybe one day someone will be writing your story under the baobab tree. Until that day, we sip our chai, stay hustling, and keep Tanzania’s story bright.

Tags:
  • Finance
  • Net-Worth/Wealth
  • Tanzania
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