Once again a Tanzanian-born Mohammed ‘Mo’ Dewji has been mentioned as one of the Africa’s successful young businessmen at Forbes Magazine. He is the CEO of METL, a large Tanzanian conglomerate with activities in distribution, Textiles, Manufacturing, Agriculture and Real estate.
As young brilliant Tanzanian entrepreneur ‘Mo’ his father, Gulam Dewji, started their family business as a commodities trading. After Mo finished studying business at Georgetown University, he returned home and took the reins of the family business, transforming it into a manufacturing player. He is also a Member of Tanzania’s parliament and has a net worth estimated at USD 500 million.
It is an amazing story that tells a long walk of 12 years in business competition in Tanzania, East Africa and Africa at large.
He should continue inspiring, leading and sharing his wealth with the people of Singida by enabling many to get out of poverty by having their own means of livelihood rather than creating dependency in receiving handouts from their member of parliament. There is a lot of satisfaction and fulfilment in enabling people to change their lives for the better.
ReplyDeleteCongratulations. However, we also want the other side of the story about his contribution in terms of payment of taxes! How does his file at TRA reads?
ReplyDeleteSomeone commenting above No. 2
ReplyDeleteWhen talking about wealth Drug Barrons should be leading the world as the Richest Drug Barron is having an estimated Fortune of US$ 3 Trillion, but as they source on illicit they are not considered !
While in valid Fortunes the world Richest man is Bill Gates with Fortune not more than US$ 100 Billion.
When you see Forbes selecting nominees they follow part of basic criteria below:
1.Source of wealth should be through legal business and not illicit dealings.
2.The nominee should be proficient with Tax clause, must have been cleared.
3.The nominee should not be on debts.
As far as concern on being selected on Forbes Mo is clean with regard to Tax clauses!