Africa

Tanzania’s billionaire dies in Dubai

Reginald Abraham Mengi, a Tanzanian billionaire, businessman and an author has died at the age of 75 in the capital of the United Arab Emirates, Dubai, on May 2.

He was awarded The Business for Peace Award in 2012 in Oslo by the Award Giving Committee of Nobel Laureates of the Business for Peace Foundation which is based in Oslo and is supported by business leaders, politicians and academics around the world.

Mr Mengi, through his manufacturing, mining and media conglomerate IPP Group, owned both English and Kiswahili newspapers, radio and TV stations, bottled water and is moving into smart-phone and tablet manufacturing.

In 2014, he received International Order of the Lions Award, doubling with Business Leader of the Year Award in the same year.

Besides his businesses, the billionare was known for his generous contributions to multiple charity organisations and his desire to further boast the economic development of his country.

By the time of his death, he was estimated to be worth US$560 million.

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