Mo Dewji now worth $2.2 billion, remains East Africa’s richest person, youngest in Africa

Dar es Salaam. Tanzanian business magnate Mohammed “Mo” Dewji has surged to a net worth of $2.2 billion, according to Forbes’ 2025 Africa’s Billionaires List, making him the richest person in East Africa and the only one from the region featured among Africa’s top 15 billionaires

This marks a notable rise from last year’s US $1.8 billion, reflecting gains across his diverse holdings in textile manufacturing, flour milling, beverages, edible oils, and more .

Agriculture accounts for one-third of Tanzania’s annual GDP (of $75 billion), but roughly 90 percent of that farming is done by subsistence farmers tilling less than 5 hectares of land each. As a result, food insecurity in Tanzania is widespread: Over 30 percent of children are stunted, and 13 million Tanzanians live in extreme poverty, while “many others live just above the poverty line,” according to the US Agency for International Development. That’s despite Tanzania being the second biggest receiver of foreign aid in Sub-Saharan Africa (behind only Ethiopia) between 1990 to 2010, receiving $26.85 billion. One of those aid suppliers, the World Bank, acknowledges that Tanzania “still faces stubbornly high levels of poverty, in part as a result of dependence on low productivity agriculture.”

Mo Dewji now worth $2.2 billion, remains East Africa’s richest person, youngest in Africa

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