Africa Loses a Billionaire as Tanzania’s Reginald Mengi Takes Final Bow

Africa has lost one of its richest men. Reginald Mengi, a billionaire from Tanzania died aged 75. According to one of his radio stations (Radio One), the businessman died in Dubai

Forbes Magazine says Mengi owned one of the largest media conglomerates in Africa.

His IPP Media Group owns 11 newspapers, radio and television stations, and internet properties.

The cause of his death is yet to be established.

“Mwenyekiti Mtendaji wa makampuni ya IPP, Reginald Mengi amefariki dunia, kwa mujibu wa taarifa kutoka vyombo vya habari alivyokuwa anavimiliki. Mengi ambaye ni mmoja kati ya wafanyabishara wakubwa Tanzania amefariki usiku wa kuamkia leo Alhamisi akiwa Dubai. Taarifa zaidi kadri tutakavyokuwa tukizipata,” read an update from Azam TV

Mengi was married to former miss Tanzania and singer Jackqueline Mengi and together they have twins.

The two got married in a lavish wedding in Mauritius back in 2015, a union that created a huge debate in Tanzania due to the age difference.

He also owns Bonite Bottlers, the sole bottler of Coca-Cola products in the northern region of Tanzania.His Kilimanjaro brand of bottled water is the biggest selling in the country.

His IPP Resources mines gold, uranium, copper, chrome, and coal. A devout philanthropist, he sends hundreds of Tanzanian children with heart ailments to India for treatments.

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