Africa’s Youngest Billionaire says he is interested in Barclays Bank Kenya & Tanzania

The 40 year old Tanzanian tycoon Mr Mohammed Dewji has announced in an interview on March 24 in the American news channel CNN,that he is interested in the resumption of some African assets of the British Barclays bank account disengage the continent of two to three years.

“For four or five years I want to buy a bank. I am very interested in the Barclays Africa assets that we will scrutinize, “said the billionaire. He added: “I do not know how we will be positioned because I am sure that Barclays is seeking a buyer can acquire the entire stake of 62%. But months I would like to purchase four or five subsidiaries only “.

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Mohammed Dewji, who has a fortune estimated at $ 1.1 billion according to the latest ranking of billionaires in the world established by the US magazine Forbes, was particularly interested in the Kenyan and Tanzanian subsidiaries of Barclays, and more usually by the operations of the bank in East Africa.

Mr Dewji is the boss of Mohammed Enterprises Tanzania Limited (METL), a conglomerate that operates mainly in the textile, grain mill and drinks in 11 African countries: Tanzania, Uganda, Ethiopia, Kenya, South Sudan, Rwanda , Burundi, Zambia, Mozambique, Malawi, DR Congo. Several African and European banks, including Atlas Mara, Attijariwafa Bank, Falcon Private Bank and Equity Bank, have already expressed interest in the resumption of Barclays’ African assets.

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