The license sets the stage for a billionaire brawl between Aziz and Mohamed Jaffer
Rostam Aziz
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- Hot News
Tanzanian billionaire Rostam Aziz acquires majority stake in Dar es Salaam-based aviation firm
Aziz’s arrival could increase competition in the industry.
- Hot News
Kenyan government suspends Tanzanian billionaire Rostam Aziz’s plans to build cooking gas plant
The freezing of his statutory licenses could lead to a trade spat between Kenya and Tanzania.
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Aziz had a net worth of $900 million in 2015.
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The tycoon’s appeal was intended to assist the country in becoming a major food exporter.
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Aziz was reportedly the first Tanzanian to have a net worth of more than $1 billion, according to Forbes.
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According to AfrAsia Bank, the country is home to one billionaire, 80 multimillionaires and more than 2,300 individuals.
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