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Mohammed Dewji: All dreams can come true

posted onJuly 10, 2017
nocomment

Mohammed Dewji is a Tanzanian businessman, entrepreneur, philanthropist, and former politician. He serves as the President and CEO of Mohammed Enterprises Tanzania Limited (METL), an industrial conglomerate founded by his father in the 1970s.

Dewji was born on 8 May 1975 in Singida, a rural town in central Tanzania. After pursuing his higher education in the United States, where he attended Georgetown University in Washington D.C, graduating in 1998 with a Bachelors in International Business and Finance, he returned to Tanzania to joined METL Group.

The Group  is Tanzania's largest home-grown company, worth more than $1 billion with a presence in 11 countries in Africa, employing more than 24,000 people in areas as diverse as trading, agriculture, manufacturing, energy and petroleum, financial services, mobile telephony, infrastructure and real estate, transport, logistics and distribution. Dewji is single-handedly responsible for increasing METL’s revenues from $30 million to over $1.3 billion between 1999 and 2014

He was voted Business Leader of the Year at the African Business Awards in 2015 and headed the Institut Choiseul’s list of leading young African economic leaders in 2016. According to Forbes, he is the 21st richest person in Africa, with his net worth an estimated US $1.1 billion, having also been the first billionaire in Tanzania.

In addition to his many endeavors in the business arena, Dewji also has demonstrated an exemplary record of contributing to the well-being of the people of his country via the establishment of two bodies: the Mo Dewji Foundation and the Group's registered non-governmental organisation, Singida Yetu. Over the last five years, MeTL Group has spent more than $3 million on education, water supply, income generation, healthcare investments, and sports programs.

Most recently Mohammed joined the Giving Pledge, where he committed to give more than have of his net worth to philanthropy in his lifetime through his Foundation. Mohammed is the first Tanzanian and one of the few Africans that have made the pledge in this group of 150+ billionaires, some of whom include Bill Gates, Warren Buffet and Mark Zuckerberg.

mohammed dewji

Explore some of Dewji's best quotations, tweets and sayings:

1. “Being able to face failure, consistently manage risk and succeed after adversity is what makes an entrepreneur. “ 

2. “When God blesses you financially, don’t raise your standard of living, raise your standard of GIVING.” 

3. “Entrepreneurship without impact is meaningless. Our products/services have contribute to economic growth and societal transformation.”

4. “If mobilised appropriately, the private sector can play a vital role in delivering solutions to development challenges faced today. “ 

5. “Success will always come to those that put in hard work. With shortcuts you'll never truly appreciate your accomplishments in life.” 

6. “I believe all dreams can come true. If we truly want them. If we're truly patient. And if we have the courage to pursue no matter what!” 

7.“The time to invest in Africa’s development is NOW. We need to seize the opportunities in front of us and make it happen” 

8. “One of the hardest actions in life is patience. It tests loyalty to your goals & your endurance while you wait for positive outcomes.”

9. “Every "good" and "bad" experience in life will teach you something. Choosing how to learn from your past shapes who you are today.” 

10. “If there’s only one thing we’re certain about this life , it is that it ends. All these material comforts are temporary. “

According to the World Bank, Tanzania's economy has been growing steadily for the last decade. Dewji's goal is to invest more than $500 million over the next 4 years in Africa, and in turn, employ more than 100,000 people across the continent by 2021.