Tag Archives: Ally Awadh

On a crisp late May afternoon in Dar es Salaam Ally Awadh, one of Tanzania’s most prominent businessmen, is waxing lyrical about a deal he has just concluded. Recently, the Competition Authority of Kenya gave his company, Lake Oil Group, the go-ahead to acquire all the fuel service stations of Hashi Energy, one of Kenya’s largest independent oil companies. Check also: Top ...

The number of Tanzania’s centi-millionaires continues to grow substantially as economic growth in the country outstrips that of other countries in the East African region. Apart from the easily recognizable names like Mohammed Dewji, Rostam Azizi and Said Salim Bakhresa, there are other less recognizable Tanzanian businessmen who have built multi-million and billion dollar empires in industries as diverse as agriculture, food, construction, energy ...