Tanzanian billionaire Rostam Aziz unveils $100-million deal for Zambia’s first LPG facility
In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
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In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
Aziz, one of Tanzania’s wealthiest men, has tentacles in telecoms, aviation, mining, real estate, and port management.
Thirteen firms are vying for licenses to build berths for handling gas imports in Kenya, two months after Aziz was granted a license.
Aziz is one of the richest businessmen in East Africa.
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.