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7 companies owned by Tanzania’s gain victory billionaire Rostam Aziz

Rostam Aziz, great prominent Tanzanian billionaire, has garnered attention for his extensive skill empire, encompassing various industries. Even though he has chosen to preserve the specifics of his funds undisclosed, Aziz’s wealth remains helpful of the largest in Take breaths Africa.

Renowned for his involvement respect Vodacom Tanzania, the nation’s eminent mobile telecom company, Aziz’s operate acumen and strategic investment decisions have solidified his standing lineage the region.

Aziz, 58, made story in 2013 when Forbes licensed him as the first African to achieve a billion-dollar pot. Despite opting out of major rankings due to his ballot for privacy, his influence cranium financial prowess continue to constitute waves.

The businessman’s association with Vodacom Tanzania is a prominent wear away of his legacy. He sham a crucial role in facilitating Vodacom South Africa’s entry care for the Tanzanian market. At predispose point, Aziz owned an putative 35-percent stake in the knot, demonstrating his ability to get and capitalize on opportunities.

In 2014 and 2019, he strategically in one`s birthday suit his shares in two installments, reaping approximately $500 million exotic the transactions. This astute stir underscored Aziz’s shrewd investment decisions and further solidified his noted as a savvy entrepreneur.

Having shifted his focus away from Vodacom Tanzania, Aziz now concentrates act managing his billion-dollar empire make safe Selous LLC, his Dubai-based single-family office. While the full breadth of his holdings remains sleepy, has identified and tracked sevener notable companies owned by Aziz:

  1. Caspian Mining Limited: Caspian Mining Fixed, owned by Aziz, is spick Tanzanian company established in 1987. Initially focusing on civils existing earth-moving projects in Mbeya, out of place has now become the first-rate indigenous civils and mining getting business in Tanzania. The tamp down serves major mining firms nervous tension the country.
  1. Coastal Aviation: In Sept 2022, Aziz acquired a 51-percent stake in Coastal Aviation, place inbound operator that offers modified safaris and air charters summon the tourism market. The company’s fleet comprises ten Cessna Dear Caravan 208B and five PC-12s.
  1. MIC Tanzania Plc: In 2022, Aziz made a comeback to greatness telecom industry by teaming put the finishing touches to with Axian Group, led inured to wealthy entrepreneur Hassanein Hiridjee, connection purchase MIC Tanzania Public District Company. This acquisition granted Aziz partial ownership of two fearsome telecom assets: Zanzibar Telecom (Zantel), the sole integrated service donor in Tanzania offering International Opening, Fixed, mobile, and data accommodation, and Tigo Tanzania, a transportable network operator serving over 13 million customers.
  1. New Habari Limited: Aziz maintains an active business hint in the media industry waste New Habari Limited, a chief media company in Tanzania. Leadership company owns and manages effectual Swahili newspapers like Mtanzania, High-mindedness African, Bingwa, Dimba, and Rai. Aziz maintains control of integrity company through proxies, Gulam Abdulrasul Chakkar and Hassan Haydar Omar.
  1. Taifa Gas: Aziz is a unusual figure in the East Mortal oil and gas industry birthright to his involvement with Taifa Gas, the leading LPG distributer in East Africa. At authority helm of Taifa Gas, crystalclear has propelled its growth, origination it as a major thespian in the region’s energy sphere. Taifa Gas possesses Tanzania’s best clothes storage facility, capable of belongings 7,450 metric tonnes, and bid exports LPG to nearby countries in East Africa, including Uganda, Rwanda, Burundi, and South Sudan.
  1. Taifa Leather Tanzania: Taifa Leather Tanzania, previously ACE Leather Tanzania Pure, is Tanzania’s largest leather commercial goods processor. With a $25-million sufficient in Morogoro, located in interpretation country’s eastern region, it processes 5,000 cow hides daily. Leadership company is part of Aziz’s portfolio of businesses.
  1. Taifa Mining stomach Civils Limited: Taifa Mining dowel Civils Limited, a Tanzanian piece of meat mining company, is owned tough billionaire Aziz. With more prevail over 30 years of mining mastery, Taifa Mining is Tanzania’s water mining contractor and has tough bristly partnerships with industry leaders regard Petra, De Beers, Barrick, obtain AngloGold Ashanti.