Tanzanian billionaire Mustafa Sabodo passes away at 82
What you need to know:
- Born in Lindi in 1942, Sabodo was a self-made entrepreneur whose business acumen led to the founding of the Sabodo Group, a conglomerate with interests in construction, manufacturing, and agriculture.
Dar es Salaam. Prominent Tanzanian businessman and philanthropist Mustafa Sabodo passed away today at his home in Masaki, Dar es Salaam. He was 82.
Born in Lindi in 1942, Sabodo was a self-made entrepreneur whose business acumen led to the founding of the Sabodo Group, a conglomerate with interests in construction, manufacturing, and agriculture.
The group operates across Tanzania, India, France, Kenya, Sudan, and Zimbabwe.
Sabodo's legacy extends beyond his business achievements. He was a staunch patriot who famously intervened during Tanzania's oil crisis in the 1970s. Traveling to Iran, he secured vital oil supplies by personally appealing to Ayatollah Khomeini.
Sabodo's generosity touched various sectors of Tanzanian society. He was a supporter of political parties, donating funds to both the ruling CCM and the opposition Chadema party.
He also actively funded community initiatives, including educational projects and infrastructure.
Sabodo's philanthropic efforts included significant contributions to the Mwalimu Nyerere Fund, the Mtwara College of Education, and the Shree Hindu Mandal Hospital. He was also a patron of the Khoja Shia-aheri project.
In 2016, Sabodopledged a $5 billion In 2016, Sabodopledged a $5 billion investment in Dodoma, contingent on the government's relocation of the capital there. This audacious move reflected his belief in fulfilling the vision of Tanzania's founding president, Mwalimu Nyerere.
Mustafa Sabodo's death leaves a void in Tanzania. He was a respected figure who combined business success with a deep commitment to social progress. His dedication to his country and his fellow citizens will be remembered for years to come.
Sabodo is survived by his wife, four children, and grandchildren.
