Tanzanian business mogul Mohammed Dewji who was kidnapped early morning Thursday has been rescued from his captors.
Regional Commissioner Paul Makonda has confirmed that all suspects, who are foreigners have been arrested.
Mr. Mohammed was abducted this morning as he walked to a gym in Dar es Salaam. Reports say that the young billionaire was found dumped at Cocoa Beach.
Mohammed Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s.
METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa.
Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes.
He is also the sponsor of Tanzanian Soccer giants Simba SC. He was also the first Tanzanian to be on the cover of Forbes magazine in 2016.
As per February this year, Dewji popularly known as MO, had a net worth of $1.8billion, making him the 17th richest and youngest billionaire in Africa.