Top Richest Business Men in Tanzania
Curious to know Who are the wealthiest people in Tanzania? This question may be asked by people in Tanzania who want to know the kind of wealth, amount of money, and other resources their countrymen and women own.
There are indeed a lot of wealthy people in Tanzania, Yusuf Manji - A CEO of Quality Group and
Chairman of YANGA
Please read this blog to know more about list.
The Richest People In Tanzania: 8 of the Richest Tanzanians
The Richest People in Tanzania
Who are the richest people in Tanzania? This question may be asked by people in Tanzania who want to know the kind of wealth, amount of money, and other resources their countrymen and women own.
There are indeed a lot of wealthy people in Tanzania, and this article will help you get to know some of them. Below is a listing of some of the richest people in Tanzania and what they own.
1. Rostam Azizi
Rostam Azizi is arguably the richest man in Tanzania, and the country's first billionaire. He has interests in Caspian Mining as well as real estate holdings throughout East Africa and the Middle East. He is said to be worth $1 billion.
Said Salim Bakhresa
2. Said Salim Bakhresa
Said Salim Awadh Bakhresa is the founder and chairman of the Bakhresa Group in Tanzania, which contains many subsidiary companies. He is an industrialist, philanthropist, and entrepreneur who has created a successful business empire in only three decades.
Bakhresa is undoubtedly one of the richest people in Tanzania. He has operations in Tanzania, Mozambique, Uganda, and Malawi. Some of said Salim’s wealth include
- Azam grain milling
- Investments in passenger sea transportation
- Sale and marketing of plastic packaging materials
- Interest in the food and drinks industry
3. Abdul-Aziz Abood
Abdul-Aziz Abood is the director of Abood Group, Inc. The Tanzanian tycoon has invested in many sectors of the economy, such as passenger transportation, information and communication, food factories, and a truck manufacturing company.
Mohamed Dewji
4. Mohamed Dewji
Mohamed Dewji has a sizeable number of investments and businesses ranging from factories, commercial and residential properties, and shares in many of the leading companies in Tanzania.
5. Reginald Mengi
Reginald Abraham Mengi is a well known Tanzanian industrialist, entrepreneur, and media mogul. Mengi is the chair of IPP Group which is one of the region’s biggest privately owned companies. The company has its base in the city of Dar es Salaam. Other than the IPP Group, Mengi also has interests in;
- IPP Consulting Company
- Coca-cola franchises: Bonite Bottlers and Kilimanjaro Spring Water
- IPP Media, which comprises of Tanzanian media outlets: the Guardian, Alasiri, Nipashe, Independent, Kasheshe, ITV, EATV, SkyFM, and East Africa Radio
6. Michael Ngaleko Shirima
Michael Ngaleko Shirima is believed to own a considerable number of shares in some of the biggest companies in East Africa. He also has an interest in Precision Air, a regional airline that specializes in passenger and cargo transportation in eastern Africa.
7. Fida Hussein Rashid
Some of the businesses associated with Fida Hussein include;
- Africarriers
- Commercial and residential properties including Raha and Zahra towers
Yusuf Manji
8. Yusuf Manji
Yusuf Manji owns substantial interest in some of the largest companies in the region and is believed to be worth hundreds of millions of Tanzanian shillings. He has invested in properties (both residential and commercial) and the auto industry. He is also the founder of Quality Group.
Nazir Mustafa Karamagi
9. Nazir Mustafa Karamagi
Rounding up of our top richest people in Tanzania is Nazir Mustafa Karamagi. He is a successful businessman believed to be worth hundreds of millions of shillings. He is the owner of the famous Tanzania International Container Terminal Services.
Other Wealthy Tanzanians
Apart from those mentioned above, honorable mention goes to the following individuals:
- Edward Ngoyai Lowassa
- Mohamed Aboud
- Tarimba Abbas
- Philemon Ndesamburo
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