Tanzania's corporate leaders
From mining to media, banking, retail and commodities, Tanzania has produced a crop of major entrepreneurs. African Business introduces them.
Tanzanian billionaire Mohammed Dewji leads MeTL, a sprawling conglomerate that has ballooned from a few state-owned enterprises to a multi-sector giant with annual revenues exceeding $3bn. His vision for the future includes transforming MeTL into a $10bn behemoth by 2030 through diversification into industries like graphite mining and luxury tourism.
Edha Nahdi, co-founder of Amsons Group, has also propelled Tanzania's industrial landscape. Starting from humble beginnings in oil trading, Nahdi's family enterprise now spans multiple sectors across East and Southern Africa, employing over 10,000 people. Amsons' expansion into cement production and renewable energy, including a $600m solar power plant in Zambia, showcases Nahdi's strategic initiatives.
Meanwhile, Kenyan media mogul Rostam Aziz's recent acquisition of a 54% stake in Kenya's Nation Media Group (NMG) has sparked controversy over potential political influence on editorial independence. Despite this, Aziz pledges to bolster NMG's profits and growth, emphasizing his commitment to professionalizing and strengthening the media house.
Written by urgent.news from Africa Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
