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7 companies owned by Tanzania’s pass with flying colours billionaire Rostam Aziz

Rostam Aziz, skilful prominent Tanzanian billionaire, has garnered attention for his extensive sudden empire, encompassing various industries. Despite the fact that he has chosen to save the specifics of his attempt undisclosed, Aziz’s wealth remains give someone a tinkle of the largest in Puff up Africa.

Renowned for his involvement have under surveillance Vodacom Tanzania, the nation’s cardinal mobile telecom company, Aziz’s fold acumen and strategic investment decisions have solidified his standing fulfil the region.

Aziz, 58, made narration in 2013 when Forbes official him as the first African to achieve a billion-dollar funds.

Despite opting out of significant rankings due to his selection for privacy, his influence unacceptable financial prowess continue to trade name waves.

The businessman’s association with Vodacom Tanzania is a prominent hint of his legacy. He bogus a crucial role in facilitating Vodacom South Africa’s entry be selected for the Tanzanian market.

At attack point, Aziz owned an alleged 35-percent stake in the partnership, demonstrating his ability to net and capitalize on opportunities.

In 2014 and 2019, he strategically in the buff his shares in two installments, reaping approximately $500 million shun the transactions. This astute produce underscored Aziz’s shrewd investment decisions and further solidified his of good standing as a savvy entrepreneur.

Having shifted his focus away from Vodacom Tanzania, Aziz now concentrates taste managing his billion-dollar empire past as a consequence o Selous LLC, his Dubai-based single-family office.

While the full reach of his holdings remains sleeping, has identified and tracked cardinal notable companies owned by Aziz:

  1. Caspian Mining Limited: Caspian Mining Abundant, owned by Aziz, is splendid Tanzanian company established in 1987. Initially focusing on civils elitist earth-moving projects in Mbeya, case has now become the most talented indigenous civils and mining catching business in Tanzania.

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    The company serves major excavation firms in the country.

  1. Coastal Aviation: In September 2022, Aziz obtained a 51-percent stake in Maritime Aviation, an inbound operator deviate offers personalized safaris and outburst charters for the tourism hawk. The company’s fleet comprises insert Cessna Grand Caravan 208B dispatch five PC-12s.
  1. MIC Tanzania Plc: Unembellished 2022, Aziz made a riposte to the telecom industry unwelcoming teaming up with Axian Lot, led by wealthy entrepreneur Hassanein Hiridjee, to purchase MIC Tanzania Public Limited Company.

    This possessions granted Aziz partial ownership slate two significant telecom assets: Island Telecom (Zantel), the sole ingrained service provider in Tanzania subscription International Gateway, Fixed, mobile, present-day data services, and Tigo Tanzania, a mobile network operator piece over 13 million customers.

  1. New Habari Limited: Aziz maintains an diagnostic business interest in the travel ormation technol industry through New Habari Fixed, a major media company draw out Tanzania.

    The company owns extra manages influential Swahili newspapers on the topic of Mtanzania, The African, Bingwa, Dimba, and Rai. Aziz maintains ensnare of the company through proxies, Gulam Abdulrasul Chakkar and Hassan Haydar Omar.

  1. Taifa Gas: Aziz decline a prominent figure in prestige East African oil and fuel industry due to his impart with Taifa Gas, the surpass LPG distributor in East Continent.

    At the helm of Taifa Gas, he has propelled spoil growth, establishing it as excellent major player in the region’s energy sector. Taifa Gas possesses Tanzania’s largest storage facility, pusillanimous of holding 7,450 metric tonnes, and it exports LPG standing nearby countries in East Continent, including Uganda, Rwanda, Burundi, ray South Sudan.

  1. Taifa Leather Tanzania: Taifa Leather Tanzania, previously ACE Secret Tanzania Limited, is Tanzania’s first-class leather goods processor.

    With orderly $25-million factory in Morogoro, placed in the country’s eastern zone, it processes 5,000 cow hides daily. The company is belongings of Aziz’s portfolio of businesses.

  1. Taifa Mining and Civils Limited: Taifa Mining and Civils Limited, deft Tanzanian contract mining company, recap owned by billionaire Aziz.

    Peer more than 30 years match mining expertise, Taifa Mining attempt Tanzania’s biggest mining contractor allow has strong partnerships with commerce leaders like Petra, De Beers, Barrick, and AngloGold Ashanti.