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Who is Rostam Aziz, the Billionaire Behind Taifa Gas?

2024-12-28 12:07:13.522000

Rostam Aziz, a prominent Tanzanian billionaire, is the owner of Taifa Gas, a leading liquefied petroleum gas (LPG) company operating in Kenya. His business ventures have significantly impacted the energy sector in East Africa. In 2023, President William Ruto commissioned Taifa Gas's new LPG plant in Mombasa, marking a significant milestone for the company and the region's energy landscape. Aziz, who served as a Member of Parliament for the Igunga constituency from 1994 to 2011, was recognized as Tanzania's first US dollar billionaire in 2013. His diverse business interests span across various sectors, including energy, mining, telecommunications, aviation, and real estate. Notably, he played a crucial role in facilitating Vodacom's entry into the Tanzanian market, which significantly boosted the telecommunications sector in the country. Aziz successfully sold shares in Vodacom for $250 million in 2014 and $220 million in 2019, further solidifying his status as a savvy businessman. His investments also include Caspian Mining and Taifa Aviation Company, showcasing his ability to diversify and adapt in a competitive market. [79dded1d]

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