Tanzanian billionaire Rostam Aziz to pocket millions from sale of container terminal
Aziz, 59, was the first Tanzanian to boast of a billion-dollar fortune according to Forbes.
Aziz, 59, was the first Tanzanian to boast of a billion-dollar fortune according to Forbes.
The project, presently underway within the Dongo Kundu Special Economic Zone, signals a significant milestone for Taifa Gas as it expands its operations beyond Tanzania.
This strategic move further extends Aziz’s business interests across Southern Africa.
Aziz, made history in 2013 when Forbes recognized him as the first Tanzanian to achieve a billion-dollar fortune.
Aziz issued an apology to Tanzania’s judiciary on Monday after making remarks on June 26 that raised doubts about the independence of the country’s judiciary.
In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
Aziz, one of Tanzania’s wealthiest men, has tentacles in telecoms, aviation, mining, real estate, and port management.
Thirteen firms are vying for licenses to build berths for handling gas imports in Kenya, two months after Aziz was granted a license.
Aziz is one of the richest businessmen in East Africa.
Aziz was named the first dollar billionaire in Tanzania by Forbes in 2013.
The license sets the stage for a billionaire brawl between Aziz and Mohamed Jaffer
Aziz’s arrival could increase competition in the industry.
The freezing of his statutory licenses could lead to a trade spat between Kenya and Tanzania.
Aziz had a net worth of $900 million in 2015.
The tycoon’s appeal was intended to assist the country in becoming a major food exporter.
Aziz was reportedly the first Tanzanian to have a net worth of more than $1 billion, according to Forbes.