“I do want to make money, but I want to make money in the right way, ethically. But more importantly, I want to use this money to be able to give back.”
In a recent interview, Mohammed Dewji, one of Africa's youngest billionaires, discussed how he built his fortune and his commitment to philanthropy. The Tanzanian businessman inherited and expanded a family conglomerate that includes textile manufacturing, flour milling, beverages, and edible oils.
Dewji signed the Giving Pledge in 2016, promising to donate at least half of his wealth to charitable causes. He believes billionaires have a responsibility to give back to their communities.
Africa today has 23 billionaires, a small number for a resource-rich continent. Dewji's story highlights the potential for wealth to drive positive change when pursued ethically.