Tanzanian billionaire Rostam Aziz pledges cheaper cooking gas amid $2.3-billion plant launch
Aziz was named the first dollar billionaire in Tanzania by Forbes in 2013.
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Aziz was named the first dollar billionaire in Tanzania by Forbes in 2013.
The license sets the stage for a billionaire brawl between Aziz and Mohamed Jaffer
Aziz’s arrival could increase competition in the industry.
The freezing of his statutory licenses could lead to a trade spat between Kenya and Tanzania.
Aziz had a net worth of $900 million in 2015.
The tycoon’s appeal was intended to assist the country in becoming a major food exporter.
Aziz was reportedly the first Tanzanian to have a net worth of more than $1 billion, according to Forbes.
According to AfrAsia Bank, the country is home to one billionaire, 80 multimillionaires and more than 2,300 individuals.