Tanzania's economic landscape is shaped by several influential business magnates who have significantly contributed to the nation's growth. Below is an updated list of the top richest individuals in Tanzania, along with a brief overview of their contributions and achievements:
1. Mohammed Dewji
Mohammed "Mo" Dewji is widely recognized as the wealthiest individual in Tanzania. As of 2025, his net worth is estimated at approximately $2.2 billion, making him Africa's 13th richest person. Dewji is the owner of the MeTL Group, a Tanzanian conglomerate operating in sectors such as textiles, energy, petroleum, agriculture, insurance, telecommunications, transport, logistics, trading, real estate, and food and beverages. Under his leadership, MeTL Group has become a significant contributor to Tanzania's economy.
2. Rostam Azizi
Rostam Azizi is a prominent Tanzanian businessman with investments in various sectors, including telecommunications, media, mining, and real estate. He was the first Tanzanian to appear on Forbes' list of African billionaires. Azizi's strategic business ventures have played a pivotal role in shaping Tanzania's industrial landscape.
3. Said Salim Bakhresa
Said Salim Bakhresa is the founder of the Bakhresa Group, one of East Africa's leading industrial conglomerates. The group operates in sectors such as food and beverages, packaging, logistics, marine passenger services, and petroleum. Bakhresa's entrepreneurial efforts have significantly contributed to the industrialization of Tanzania.
4. Ally Awadh
Ally Awadh is the founder and CEO of Lake Oil Group, one of East and Central Africa's fastest-growing energy trading and transportation conglomerates. His company deals in the importation and distribution of petroleum products, contributing substantially to the region's energy sector.
5. Shekhar Kanabar
Shekhar Kanabar is a notable Tanzanian entrepreneur with diversified business interests, including manufacturing and real estate. His ventures have played a role in the economic diversification of Tanzania
6. Fida Hussein Rashid
Fida Hussein Rashid is a prominent figure in Tanzania's real estate and hospitality sectors. His investments have contributed to the development of modern infrastructure in the country
7. Subhash Patel
Subhash Patel is a significant player in Tanzania's construction and real estate industry. His companies have been involved in numerous infrastructure projects, aiding in the nation's development.
8. Salim Turkey
Salim Turkey is a Tanzanian businessman with interests in various sectors, including transportation and logistics. His contributions have been vital in improving Tanzania's transport infrastructure.
9. Ghalib Said Mohammed
Ghalib Said Mohammed is an entrepreneur with investments in the petroleum and energy sectors. His business ventures have bolstered Tanzania's energy industry.
10. Yogesh Manek
Yogesh Manek is known for his involvement in finance and investment. He has made strategic investments across various sectors of the Tanzanian economy, contributing to its financial growth.
Note: The net worth figures and rankings are based on available information and may vary over time.
These individuals have not only amassed significant wealth but have also played pivotal roles in various sectors, contributing to Tanzania's economic development and growth.