Africa’s youngest billionaire kidnapped in Tanzania

Hunt on as Tanzanian billionaire Mohamed Dewji abducted in Dar

Africa's youngest Billionaire Mohammed "Mo" Dewji has been kidnapped in Tanzania.

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.

Dar es Salaam regional commissioner Paul Makonda said the businessman was kidnapped by two men as he arrived for his regular morning workout at the hotel.

Adding to the confusion, the city's police chief, Lazaro Mambosasa, was widely reported as saying that Mr Dewji had been rescued, only to retract the claim later, saying he was misquoted. Two of the men are believed to be white foreign nationals.

Mr Dewji was born in Tanzania and studied at Georgetown University in the United States. He served as an MP from 2005 to 2015.

According to Mambosasa, three people have been arrested for questioning in connection to the incident.

In 2013, he became the first Tanzanian to grace the cover of Forbes magazine and was named Forbes Africa Person of the Year in 2015.

Dar es Salaam special zone commander said security police around the country, including at airports and all exit points have been put on high alert in the hunt for the abductors.

Mr Dewji is ranked 17th by Forbes on its list of Africa's billionaires.

Shots were fired as Mohammed Dewji, 43, was snatched from the Colosseum Hotel and Fitness Club in Dar es Salaam and driven away by a gang of four men at dawn.

He promised in 2016 to donate at least half his fortune to philanthropic causes, Forbes said.

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