Tanzanian tycoon Mohammed Dewji, who was kidnapped earlier this month, said Saturday he had been released and had returned home safely.
"I thank Allah that I have returned home safe and sound," Dewji told a press conference in Dar es Salaam where he was abducted on October 11 as he entered a gym at a hotel.
Clearly strained and appearing exhausted, he thanked the "Tanzanian authorities, including the police, who worked for my return."
"I thank all my fellow Tanzanians and everyone around the world for their prayers," he added.
Tanzanian police said Friday they had identified the driver of a vehicle used in the kidnapping and were making progress in their investigation.
The family had offered a reward of half a million dollars (Dh1.84 million) for information that would help police find him.
Mohammed Dewji earlier tweeted that he had been released and his father Gullam Dewji confirmed his son's release in comments to the Tanzanian daily Mwanachi.
His uncle, Azim Dewji told Mwanachi in a video that "his abductors abandoned him and he was able to phone his father," adding that his nephew was in good health.
The footage also showed a tired-looking Mohammed Dewji, in a tee-shirt and jogging trousers, thanking the police.
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Tanzania national police chief Simon Sirro told the press conference that Mr Dewji had already provided some information about the kidnapping.
"Mohammed Dewji told us that the kidnappers wanted money but were very afraid, even though they were armed. He asked them several times how much they wanted but they gave no figure," Mr Sirro said.
He also gave his captors contacts for his parents but they feared that they would be caught if they approached them, Mr Sirro said, adding that they had finally decided to give up.
"We now know their network, we know which country the plans were made," he said, without giving details.
Dar es Salaam police chief Lazaro Mambosasa meanwhile told journalists that Mohammed Dewji had indicated to him that his abductors spoke a southern Africa language, confirming suspicions that the kidnappers were foreigners.
Africa's youngest billionaire, Mr Dewji, 43, heads the MeTL Group which operates in about 10 countries with interests in agriculture to insurance, transport, logistics and the food industry.
He was born in Tanzania and studied at Georgetown University in the United States. He also served as a member of parliament from 2005 to 2015.
In 2013, he became the first Tanzanian to grace the cover of Forbes magazine and was named Forbes Africa Person of the Year in 2015.
Mr Dewji is also the main shareholder in Tanzania's Simba FC football club.
According to Forbes he is 17th on the list of Africa's billionaires, and worth $1.5 billion (Dh5.5 billion).
He is married with three children. In 2016 he signed a pledge to donate at least half of his fortune to philanthropic causes, according to Forbes.
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
SPECS
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Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
The specs
Engine: 1.4-litre 4-cylinder turbo
Power: 180hp at 5,500rpm
Torque: 250Nm at 3,00rpm
Transmission: 5-speed sequential auto
Price: From Dh139,995
On sale: now
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
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Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
Book%20Details
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
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Engine: 2.9-litre, V6 twin-turbo
Transmission: seven-speed PDK dual clutch automatic
Power: 375bhp
Torque: 520Nm
Price: Dh332,800
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.