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Rostam Aziz Net Worth

We bring to you Rostam Aziz net worth

Rostam Aziz is a Tanzanian politician, businessman/entrepreneur and economist. He is one of the richest men in Tanzania.

The Aziz family is one of the wealthiest families in East Africa. Their investments range from telecommunications, agriculture, media, mining, and ports facilities.

As of 2020, Rostam Aziz net worth is Tsh 2.3 trillion

Rostam Aziz Biography

Rostam Abdulrasul Aziz was born on  21 August 1964 in Dar-es-Salaam.

He represented the Igunga constituency in Tabora Region from 1994 until his resignation in 2011.

He was the ruling party Chama Cha Mapinduzi (CCM) National Treasurer from 2005 to 2007 and member of the Politburo/Central Committee of CCM from 2006 to 2011.

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Some of the key as an MP he pioneered community health insurance in East Africa and every household in his constituency was provided with health insurance from the Community Health Fund.

He also achieved access to water for every resident in his constituency and Igunga Constituency became the first district to have a dispensary in every village and electricity in every ward.

Rostam Aziz net worth

Rostam Aziz Net Worth

According to Forbes magazine Rostam Aziz of Tanzania owns nearly 18% of Vodacom Tanzania, the country’s largest mobile phone company, with 15 million subscribers.

Rostam Aziz net worth is $1 billion, an equivalence of Tsh 2.3 billion

 Rostam, via Cavalry Holdings, previously owned 35% of the company, but, in May 2014 he sold 17.2% of Vodacom Tanzania to Vodacom Group of South Africa for an estimated $250 million.

He also owns Caspian mining, a contract mining firm in Tanzania, and real estate in Dubai and Oman. Aziz got his start in his family’s trading business and then branched out on his own.

The Aziz family is one of the wealthiest families in East Africa. Their investments range from telecommunications, agriculture, media, mining, and ports facilities.

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The Aziz Group holdings include:

  • Shareholding in Vodacom Tanzania, the leading mobile telephone network in the country, a subsidiary of Vodafone.
  • Caspian Limited, the largest contract mining company in Tanzania. Mining contractor to DeBeers, Barrick Gold and others.
  • Ownership of the port of Dar es Salaam, in partnership with Hutchison Wampoa
  • Wembere Hunting Safaris Limited
  • Africa Tanneries Limited
  • Tanzania Leather Industries Limited
  • Various newspapers, radio and television stations