Olusegun Taiye James
In the year 2025, Tanzania’s economic environment is characterized by an increasing number of important entrepreneurs whose businesses operate in a variety of industries, including as agriculture, manufacturing, real estate, and finance. Not only do these individuals make a large contribution to the gross domestic product of the country, but they also play a crucial part in determining the nation’s economic future. The following is an exhaustive summary of the top ten wealthiest people in Tanzania as of the year 2025, including information about their respective fields of endeavor, accomplishments, and charitable contributions.
List Of Top 10 Richest People In Tanzania 2025
1. Mohammed Dewji
In Tanzania and throughout East Africa, the name Mohammed “Mo” Dewji is synonymous with the success of businesses, the fulfillment of charitable endeavors, and the pride of the nation. Dewji was born in Singida, Tanzania, on May 8, 1975. He has transformed the trading business that his family owned, MeTL Group, into a sprawling conglomerate. As a result, he has earned the title of Tanzania’s wealthiest individual and is a prominent figure on the African business stage.
2. Rostam Aziz
Rostam Abdulrasul Aziz, who was born on August 21, 1960, is widely considered to be one of the most influential and the most frequently discussed figures in Tanzania. Having navigated the Tanzanian business and political landscapes for decades, Aziz has built a diverse empire that encompasses a variety of industries, including telecommunications, energy, mining, media, and more. He is a self-made billionaire, an economist, and a former influential politician.
3. Said Bakhresa
At the same time, Said Salim Bakhresa is considered to be one of the most remarkable and somewhat reclusive commercial magnates in East Africa. It is a credit to his unyielding perseverance and sharp economic acumen that he went from being a simple restaurateur to being the founder and chairman of the Bakhresa Group, which is a multi-billion dollar industrial conglomerate. He was born in Zanzibar in 1949. Bakhresa’s tale is one of genuine success that she achieved on her own. An early example of his business zeal was the fact that he quit school when he was just 14 years old in order to work as a salesperson for potato mix. As early as the 1970s, he had already established himself in the restaurant industry in Dar es Salaam, so setting the groundwork for what would later develop into the expansive Bakhresa Group.
4. Ally Edha Awadh
As the founder and chief executive officer of the Lake Group, a fast expanding energy and logistics conglomerate with a substantial reach across East and Central Africa, Ally Edha Awadh is a dynamic and influential Tanzanian entrepreneur who has rapidly risen to prominence. His career, which was characterized by ambition and strategic expansion, exemplifies a captivating narrative of success that he achieved through his own efforts in the African economic terrain. The route that led Awadh to become a prominent figure in the economic world was not handed to him. He was born in Tanzania in 1980. In spite of the fact that he hailed from a family with entrepreneurial origins in agricultural commodities, he was taught the importance of being self-sufficient. The “reality check” that his father gave him during his college studies in Canada was a defining experience that kindled his entrepreneurial spirit. His father challenged him to generate his own income, which was a key time in his life.
5. Edha Nahdi
Edha Nahdi is a Tanzanian businessman who has quickly established himself as a prominent participant in the corporate landscape of East Africa. As of April 2025, he is just 37 years old, yet he is currently serving as the Group CEO of Amsons Group, which is a privately owned conglomerate with its headquarters in Tanzania and diversified interests around the region. When it was first established in the year 2000, the Amsons Group has developed into a significant organization that is engaged in a variety of operations, including the production and distribution of cement and concrete, construction, transportation, flour, and logistics, amongst others. Having a substantial presence in Tanzania, Zambia, Malawi, Mozambique, the Democratic Republic of the Congo, and Burundi, the organization is responsible for the employment of more than 10,000 individuals.
6. Seif Ali Seif
A Tanzanian billionaire, Seif Ali Seif is the driving force behind Super Group, a diverse family-owned business that has a considerable foothold in East Africa. Super Group is a conglomerate that has a significant global presence. In spite of the fact that he is a reclusive person, Seif has established a vast business empire that encompasses sugar production, logistics, manufacturing, and agriculture. His business endeavors not only make a contribution to the industrial landscape of Tanzania, but they also cover markets in the surrounding region, including Southern Africa.
7. Michael Shirima
In the world of Tanzanian business, Michael Ngaleku Shirima was a towering figure. He was a pioneering entrepreneur and a passionate philanthropist. He was born in 1943 and passed away in 2023. He is most renowned for being the creator and long-serving chairman of Precision Air, which is Tanzania’s largest privately-owned airline. This accomplishment is a credit to his tenacity and vision in the face of severe competition in the sector. Shirima’s early childhood instilled in him the principles of hard work and determination despite the fact that he was born in the Kilimanjaro region of Tanzania. After completing his undergraduate studies at the University College Nairobi, which is now known as the University of Nairobi, he went on to become a licensed aircraft performance engineer in Scotland with a focus on aircraft performance. His future ambitions in the aviation industry were going to be built on the foundation that this technical knowledge provided.
8. Ketan Patel
The New Luika Gold Mine, which is situated in the Lupa Gold Field in the southwestern region of Tanzania, is the most important operation that Shanta Gold operates. In addition to that, the company is in charge of the Singida Gold Project, which allows it to further grow its presence in the region. Patel has a holding in Shanta Gold that is equivalent to 44,274,017 ordinary shares and has an estimated market value of $8.33 million. This holds Patel 4.22% of the company.
9. Fida Hussein Rashid
This is the Africarriers Group. This firm has established itself as a prominent participant in Tanzania’s automobile industry and also has notable holdings in real estate. In addition, they have a significant presence throughout the country. By means of the Africarriers Group, Fida Hussein Rashid has established a business that is in possession of the sole distribution rights for Golden Dragon and Eicher automobiles in the Tanzanian market. The organization is now in a position to play a pivotal role as a facilitator in the transportation industry, providing support for the requirements of both commercial and passenger vehicles across the nation. Notable is the fact that Africarriers Group was the first company in Tanzania to deal in used automobiles, exhibiting an early awareness of the requirements of the market.
10. Hans Aingaya Macha
One of Tanzania’s richest people and a well-known investor, Hans Aingaya Macha is well-represented on the Dar es Salaam Stock Exchange. By making wise investments in rapidly expanding businesses, especially in the financial industry, he has amassed a substantial fortune. Macha is one of the biggest individual owners of CRDB firm, owning 32,764,200 shares, or 1.3 percent of the firm. He also owns a two percent share in Maendeleo Bank, a crucial organization that helps Tanzania’s micro, small, and medium-sized businesses. Macha has strengthened his position in the banking sector with these investments, and his financial power is only increasing. billionaires. His current estimated net worth is $15 million, according to Africa.
