(3 Minutes Read)
Tanzania’s billionaire and philanthropist Mustafa Jaffer Sabodo has passed away at his home located in Masaki, Dar es Salaam. The business tycoon passed away early Saturday, and his last rites were conducted in Dar es Salaam. One of the oldest industrialists in Tanzania, Sabodo was born on May 14, 1942, in Lindi region. He was involved in several development projects in the country and beyond.
An economist and consultant in international debt finance, he had business interests in Tanzania, India, France, Kenya, Sudan, Nigeria, and Zimbabwe. He is the founder of the Mwalimu Nyerere Foundation National Lottery.
Read Also:
Mustafa Jaffer Sabodo was born in Lindi, Tanganyika (now Tanzania) to parents of Indian descent. In 2003, he offered to finance the growing pulse for export to the tune of TSh 100 million. The Mwalimu Nyerere Foundation National Lottery was the brainchild of Sabodo, who donated TSh 800 million towards a project that established the lottery.
