Tanzanian business mogul and philanthropist Mohammed “MO” Gulamabbas Dewji now holds 49 percent shares in Simba SC according to report gathered by www.kyfilla.com from the camp of the team
The former Politician who now doubles as the financier for the Msimbadzi based team is looking forward to argument squad for the next year’s CAF Champions League and also to defend the Tanzanian Premier League title next season.
However, the President and Owner of MeTL Group of Companies believes the team will be a force to reckon with both in the CAF Champions League and the Tanzanian League next season.
Dewji was born on 8 May 1975 in Ipembe, Singida. He is the second of six children of Gulamabbas Dewji and Zubeda Dewji. Dewji received his primary education in Arusha at the Arusha Primary School and continued his secondary education at the International School of Tanganyika (IST) in Dar es Salam, Tanzania.
In 1992 his father enrolled him at the Arnold Palmer Golf Academy in Orlando, Florida, where Dewji also attended Trinity Preparatory School for 11th Grade. Dewji then moved for his last and final year of high school to the Saddle Brooke High School in Florida.
Dewji attended Georgetown University in Washington D.C, graduating in 1998 with a bachelor’s degree in international business and finance and a minor in theology.
Upon graduation from university, Dewji returned home and assumed the management of Mohammed Enterprises Tanzania Limited (MeTL), a commodities trading business founded by his father. After two years of working with company, he became Chief Financial Officer (CFO) at MeTL. In the early 2000s, when the Tanzanian government privatized loss-making companies, he acquired them inexpensively and turned them into profit centers by trimming personnel expenses. MeTL Group of Companies is the largest privately owned conglomerate in Tanzania.
Dewji is responsible for increasing MeTL’s revenues from $30 million to over $1.5 billion between 1999 and 2018. MeTL Group has investments in manufacturing, agriculture, trading, finance, mobile telephony, insurance, real estate, transport and logistics, and food and beverages. The group is conducting business in 11 countries and employs over 28,000 people with the aim to target over 100,000 people by 2021. MeTL’s operations contribute ~3.5% of Tanzania’s GDP.
According to Forbes, Dewji has an estimated net worth of US$ 1.54 billion (2018), and is the 17th richest person in Africa and Africa’s youngest billionaire (2018). He was the first Tanzanian on the cover of Forbes Magazine, in 2013 and has been featured on three separate occasions. November 2015, Dewji was recognized as the Forbes Africa person of the year.In his acceptance speech, he dedicated the award to the youth of Tanzania.
