Market Tycoons

Billionaires, investors, and market-moving deals — DSE and Tanzania’s economy

Market: Closed DSE (Dar es Salaam)

Hali tulivu

Jul 09, 2026, EAT

Track Tanzania’s market tycoons, billionaires, and leaders shaping the stock market and national projects — from DSE share purchases (NMB, CRDB, Vodacom) to industrial and infrastructure investments. Every entry links to a public source.

18 people 33 actions 17 DSE stocks

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Tycoons

All Aliko Dangote Arnold B. S. Kilewo Aunali Rajabali Ernest S. Massawe Gautam Adani Hans Aingaya Macha Michael N. Shirima (Estate) Mohammed Dewji Murtaza Nasser Nazir Karamagi Patrick Schegg Rostam Aziz Said Salim Bakhresa Sajjad Rajabali Salum Awadh Samia Suluhu Hassan Sayed Kadri Yogesh Manek

Share trades: Settled on T+3 via the Central Securities Depository. Acquisitions above 5% must be disclosed to the company in writing within 7 days.
Bond trades: Individual bond deals are not subject to the same 5% threshold; ownership is tracked by the Bank of Tanzania or DSE but is generally private.
Beneficial ownership: Since 2021, all companies must declare ultimate beneficial owners to BRELA within 30 days of any change (Companies Act, GN No. 478 of 2023).
Public searches: Anyone can run a BRELA company search for a small fee (~TZS 2,000) to obtain filed documents including shareholder lists.
Annual reporting: Public Interest Entities must publish audited financial statements on their websites within 30 days of approval.

Date / Person	Details	May affect
Jun 28, 2026 Aliko Dangote Chairman of Dangote Group	High-Level Talks with President Samia on Power, Fertiliser, Ports and Transport Expansion Invest Intention Multi-billion (under negotiation)	TPCC TCPLC TCCL TOL SWIS
Aliko Dangote held investment talks with President Samia Suluhu Hassan at State House, covering port development, a 2,000MW power plant, urea fertiliser production, and transport infrastructure linking Mtwara with Mbamba Bay — building on Dangote's existing $500M cement plant in Mtwara. View source
Mar 24, 2026 Samia Suluhu Hassan President of Tanzania	Air Tanzania Fleet Expansion to 24 Aircraft by 2030 Expand Intention	PAL SWIS KA
During President Samia Suluhu Hassan's four-year administration, the government has added six large aircraft to Air Tanzania's fleet, with plans to expand from 16 to 24 aircraft by 2030. View source
Mar 11, 2026 Rostam Aziz Founder of Taifa Group	Acquired 54.08% of Nation Media Group via Taarifa Ltd Acquire Actioned KSh 1.23 billion	NMG
The Aga Khan Fund for Economic Development has agreed to sell its entire shareholding in NPRT Holdings Africa Limited, which holds 54.08% of Nation Media Group PLC, to Taarifa Ltd., a vehicle owned by Tanzanian billionaire Rostam Aziz. View source
Mar 4, 2026 Aliko Dangote Chairman of Dangote Group	Dangote Cement Tanzania Sales Volume Up 16% to 2.2Mt in FY2025 Invest Actioned $500 million plant	TPCC TCPLC TCCL
Dangote Cement's Tanzanian operations delivered a solid performance in 2025, with sales volumes rising 16% year-on-year to 2.2 million tonnes from its 3Mta Mtwara plant, serving Tanzania and neighbouring export markets. View source
Feb 6, 2026 Patrick Schegg Executive at Tell Investments	Holds 1.84% NMB Bank and 1.9% CRDB Bank — DSE's Richest Individual Investor Hold Actioned $78.3 million	NMB CRDB
Patrick Schegg is a Swiss-based money manager and Tell Investments executive whose Tanzania exposure sits in two of the DSE's flagship lenders. His portfolio of 1.84% in NMB Bank and 1.9% in CRDB Bank is valued at $78.3 million, making him the richest individual investor on the DSE in 2026. View source
Feb 6, 2026 Aunali Rajabali Founder of Plasco Tanzania	Holds 2.65% Stake in NMB Bank — DSE's 2nd Richest Individual Investor Hold Actioned $55.9 million	NMB
Aunali Rajabali is one of the largest named individual shareholders in NMB Bank, a position that places him high on the register of one of Tanzania's most valuable listed companies. His 2.65% stake is valued at $55.9 million. View source
Feb 6, 2026 Ernest S. Massawe Founder of EY Tanzania (formerly)	Controls 33.35% of TOL Gases via Personal and Erncon Holdings Stakes Hold Actioned $7.4 million	TOL
Ernest S. Massawe is the controlling figure behind TOL Gases, holding influence through both a personal 16.72% stake and his vehicle Erncon Holdings' 16.63% stake. His combined portfolio is valued at $7.4 million. View source
Feb 6, 2026 Said Salim Bakhresa Chairman of Bakhresa Group	Holds 0.77% Stake in Tanzania Portland Cement (Twiga) Hold Actioned $3.3 million	TPCC
Said Bakhresa is best known as the founder and chairman of the Bakhresa Group, one of East Africa's largest industrial and consumer conglomerates. His 0.77% listed position in Twiga Cement is valued at $3.3 million on the DSE. View source
Feb 6, 2026 Michael N. Shirima (Estate) Founder of Precision Air	Estate Holds 42.91% Controlling Stake in Precision Air and 2.92% TOL Gases Hold Actioned $10.4 million	PAL TOL
The estate of Michael N. Shirima remains the dominant shareholder in Precision Air, the airline he founded and built into a listed company. His estate holds a 42.91% controlling stake in Precision Air and 2.92% in TOL Gases, valued at $10.4 million. View source
Feb 6, 2026 Sajjad Rajabali Investor, Plasco Tanzania	Holds 2.65% Stake in NMB Bank — DSE's 3rd Richest Individual Investor Hold Actioned $55.9 million	NMB
Sajjad Rajabali is another top individual shareholder in NMB Bank, holding a 2.65% stake valued at $55.9 million, keeping him closely tied to the performance of Tanzania's banking sector. View source
Feb 6, 2026 Hans Aingaya Macha Investor	Holds 1.3% Stake in CRDB Bank — DSE's 4th Richest Individual Investor Hold Actioned $26.9 million	CRDB
Hans Aingaya Macha is one of the larger disclosed individual holders in CRDB Bank, a name that stands out on a register often dominated by institutions. His 1.3% stake is valued at $26.9 million. View source
Feb 6, 2026 Murtaza Nasser Investor	Holds 0.9% Stake in Tanzania Portland Cement (Twiga) Hold Actioned $3.9 million	TPCC
Murtaza Nasser is a notable individual shareholder in Tanzania Portland Cement, better known in the market as Twiga Cement. His 0.9% stake is valued at $3.9 million. View source
Feb 6, 2026 Sayed Kadri Investor	Holds 0.59% Stake in Tanzania Portland Cement (Twiga) Hold Actioned $2.5 million	TPCC
Sayed Kadri is a meaningful individual holder in Tanzania Portland Cement, a company that sits at the heart of the country's construction supply chain. His 0.59% stake is valued at $2.5 million. View source
Feb 6, 2026 Arnold B. S. Kilewo Executive, TOL Gases	Holds 5.88% Stake in TOL Gases — DSE's 10th Richest Individual Investor Hold Actioned $1.3 million	TOL
Arnold B. S. Kilewo is a senior industry executive with leadership ties to TOL Gases and a sizeable 5.88% holding in the company, valued at $1.3 million on the DSE. View source
Dec 23, 2025 Rostam Aziz Founder of Taifa Group	Taifa Group Plans $500M Investment in Zambia (Gas, Solar, Mining) Invest Intention $500 million	TOL KCB CRDB NMB
TAIFA Group, one of the private investments in East Africa, says it plans to invest over $500 million in Zambia with regards to gas distribution, power generation and contract mining. Group Chairman Rostam Aziz said Zambia had become a major focus country for Taifa Group. View source
Nov 26, 2025 Mohammed Dewji CEO of MeTL Group	Secured $24.6M AfDB Loan for Agro-Industrial Expansion in Tanzania Invest Actioned $24.6 million	TTP JATU
Africa's youngest billionaire Mohammed 'Mo' Dewji has bagged a $24.6 million senior corporate loan from the African Development Bank Group (AfDB) to expand agro-industrial production across Tanzania through his conglomerate MeTL Group, as part of a $74.7 million programme to modernise tea, sisal and macadamia operations. View source
Aug 8, 2025 Said Salim Bakhresa Chairman of Bakhresa Group	$500M Expansion of Flagship Soft Drink Factory at Mwandege Invest Intention $500 million	TBL EABL
Tanzanian tycoon Said Bakhresa is investing $500 million to expand his flagship drinks factory at Mwandege, doubling daily production to 300,000 cartons and sourcing from 100,000 local farmers. View source
Jul 31, 2025 Samia Suluhu Hassan President of Tanzania	Launched Kwala Industrial Park & International Logistics Hub Launch Actioned	TPCC TCPLC TCCL TOL SWIS
President Samia Suluhu Hassan officially laid the foundation stone for the construction of the Kwala Industrial Park and International Logistics Hub on July 31, 2025. View source
Jul 15, 2025 Said Salim Bakhresa Chairman of Bakhresa Group	$100M Soya Processing Plant Commissioned in Malawi Invest Actioned $100 million	JATU KCB
Bakhresa Malawi Limited has invested $100 million (about K175.1 billion) in a cooking oil refinery in Blantyre, creating 500 direct jobs and reducing reliance on imported cooking oil. View source
Mar 15, 2025 Samia Suluhu Hassan President of Tanzania	Julius Nyerere Hydropower Project (JNHPP) — 2,115 MW Operational Launch Actioned Sh6.5 trillion ($2.7B)	TOL TPCC TCPLC TCCL
President Samia Suluhu Hassan has already disbursed Sh6.2 trillion (95.8%) of the Sh6.5 trillion cost for the 2,115 MW Julius Nyerere Hydropower Project, with all nine turbine units now operational. View source
Dec 1, 2024 Said Salim Bakhresa Chairman of Bakhresa Group	Sh20B Investment to Double Fruit Juice Output at Mwandege Invest Intention Sh20 billion ($8.4M)	TBL EABL
Bakhresa Food Products Limited (BFPL) announced a Sh20 billion ($8.4 million) investment at the Mwandege facility to double annual fruit juice output from 45,000 to 100,000 tonnes, positioning the firm to meet surging demand locally and internationally. View source
Aug 1, 2024 Samia Suluhu Hassan President of Tanzania	Launched $3.1B Standard Gauge Railway (SGR) Commercial Operations Launch Actioned $3.1 billion	TPCC TCPLC TCCL SWIS TOL
President Samia Suluhu Hassan on Aug. 1, 2024 officially launched the commercial operations of the $3.1 billion SGR electric train service from Dar es Salaam to Dodoma, ferrying 1 million passengers in four months. View source
May 12, 2024 Said Salim Bakhresa Chairman of Bakhresa Group	Azam Marine Fleet — $120M Invested in 13 Ships Invest Actioned $120 million	SWIS PAL
Said Bakhresa's Azam Marine has invested $120 million to build a fleet of 13 ships, operating the largest and fastest passenger ferry service connecting Dar es Salaam and Zanzibar. View source
Feb 6, 2024 Yogesh Manek Executive Chairman of MAC Group	Sale of TICTS Stake to Indian Billionaire Adani Group Sell Actioned Undisclosed	SWIS
Tanzania International Container Terminal Services Limited (TICTS), whose founding directors include local businessmen Nazir Karamagi and Yogesh Manek, saw its stake acquired by an Indian billionaire expanding Dar es Salaam port interests. View source
Feb 6, 2024 Gautam Adani Chairman of Adani Group	Adani Group Acquires TICTS Stake at Dar es Salaam Port Acquire Actioned Undisclosed	SWIS
Indian billionaire Gautam Adani's Adani Group acquired a stake in Tanzania International Container Terminal Services Limited (TICTS), expanding Dar es Salaam port and logistics interests alongside founding directors Nazir Karamagi and Yogesh Manek. View source
Feb 6, 2024 Nazir Karamagi Businessman, TICTS Co-founder	TICTS Stake Sold to Adani Group as Co-founding Director Sell Actioned Undisclosed	SWIS
Tanzania International Container Terminal Services Limited (TICTS), whose founding directors include local businessmen Nazir Karamagi and Yogesh Manek, saw its stake acquired by Gautam Adani's Adani Group, expanding Dar es Salaam port interests. View source
Nov 15, 2022 Said Salim Bakhresa Chairman of Bakhresa Group	Commissioned $300M Bagamoyo Sugar Plant Invest Actioned $300 million	TTP JATU
Said Bakhresa's group commissioned a $300 million sugar plant under Bagamoyo Sugar Limited in 2022, targeting an increase in annual production from 30,000 to over 100,000 tonnes. View source
Sep 15, 2022 Rostam Aziz Founder of Taifa Group	Acquired 51% Stake in Coastal Aviation Acquire Actioned Undisclosed	PAL SWIS KA
Rostam Aziz acquired a 51-percent stake in Coastal Aviation in September 2022, an operator offering personalised safaris and air charters with a fleet of Cessna Grand Caravans and PC-12s. View source
Jun 15, 2022 Rostam Aziz Founder of Taifa Group	Acquired MIC Tanzania (Tigo & Zantel) with Axian Group Acquire Actioned $100 million	VODA
Axian Group of Madagascar said in a statement that in partnership with Rostam Aziz, it has closed the acquisition of Tigo and Zantel in Tanzania, giving him part ownership of Tigo Tanzania (13 million+ customers) and Zantel. View source
Jun 9, 2022 Mohammed Dewji CEO of MeTL Group	Planned $2-4B Grains SPAC IPO in New York or London Invest Intention $2-4 billion	TTP JATU
The head of one of Tanzania's biggest firms, Mohammed Dewji, said he plans to float an agriculture company worth up to $4 billion in New York or London next year, with money raised mainly from development banks. View source
May 12, 2022 Salum Awadh CEO of SSC Capital	SSC Capital Partners with Hisa Fintech for Regional Market Access Expand Actioned	DSE NMB CRDB
SSC Capital, through its investment outfit Shirkah, seeks to offer its clients access to financial markets outside Tanzania for diversification and hunting for better returns, and we believe Hisa will help us achieve that — Salum Awadh, CEO, SSC Capital. View source
Jul 30, 2021 Mohammed Dewji CEO of MeTL Group	Acquired 49% Stake in Simba SC for Sh20 Billion Acquire Actioned Sh20 billion ($8.7M)	NMG VODA
Mohammed 'Mo' Dewji has paid up Sh20 billion for 49 percent shareholding in Simba Sports Club as an investor, transforming the club into one of Africa's top football teams. View source
Apr 12, 2021 Rostam Aziz Founder of Taifa Group	Sold 26.25% Stake in Vodacom Tanzania for $220M Sell Actioned $220 million	VODA
Tanzanian billionaire Rostam Aziz is in the process of offloading his remaining shares in Vodacom Tanzania. South Africa's Vodacom Group is targeting the businessman's 26.25 per cent stake in its subsidiary, valued at approximately $220 million. View source