Africa's Youngest Billionaire Kidnapped Outside Luxury Hotel In Tanzania

  • Africa's Youngest Billionaire Kidnapped Outside Luxury Hotel In Tanzania

Africa's Youngest Billionaire Kidnapped Outside Luxury Hotel In Tanzania

Tanzanian police on Thursday refuted claims that the billionaire had been found after a video spread online showing the Dar es Salaam regional commissioner Paul Makonda saying they had arrested the suspects.

Police have launched a manhunt into circumstances that led to the abduction of Mr Dewji who ranks as one of the richest Tanzanians at Colosseum Hotel as he walked into a gym.

Although Tanzania has seen a wave attacks and abductions of opposition politicians and perceived government critics, this is the first time a businessman of Mr Dewji's standing has been kidnapped in the country.

The kidnappers, two of which were described as white men, fired shots into the air before peeling off with Dewji in a vehicle, witnesses said.

The motive for the kidnapping is still unknown, although police expect this to be a "ransom" kidnapping.

Dewji was born in Tanzania and studied at Georgetown University in Washington DC.

Dewji, 43, was elected to parliament on the CCM ticket but did not seek re-election for his seat in the 2015 election.

Eye witnesses said that the kidnappers who had their faces covered, shot in the air before they grabbed the businessman and took off with him.

An Uber driver nearby said when Mr Dewji appeared, the auto parked inside flashed lights before the two white men alighted from their vehicle and went straight to where Dewji was.

Forbes business magazine puts Dewji's wealth at $1.5 billion (€1.3 billion) and describes him as Africa's youngest billionaire.

He is also the main shareholder in Tanzania's Simba FC football club.