Biography Of Rostam Aziz (Daughter , Wife , Net Worth)

Biography Of Rostam Aziz (Daughter , Wife , Net Worth) – He is a politician, businessman, and entrepreneur from Tanzania. Rostam Azizi was born in August 1960 in Tanzania. Azizi was elected to the Tanzanian parliament in 1993, representing the Igunga constituency. He resigned from Parliament and the National Executive Committee of the ruling Chama Cha Mapinduzi party in 2011.

Tanzanian billionaire Rostam Aziz’s ambitions to develop an LPG plant and storage facilities in Kenya’s Export Processing Zone through his liquefied petroleum gas (LPG) supply firm Taifa Gas have been delayed by the Kenyan government.

The suspension of his statutory licenses, which comes after Kenya and Tanzania’s yearly commerce topped Ksh100 billion ($5.28 billion), might spark a trade war between the two East African countries.

EPRA, Kenya’s energy and petroleum regulator, highlighted environmental concerns presented by the 30,000-ton gas-handling plant as one of the key reasons for rejecting to approve the application from Taifa Gas, Tanzania’s largest LPG supply firm, according to Business Daily.

EPRA stated, “We did not clear its Environmental and Social Impact Assessment (ESIA) because to significant technical errors.” “The ESIA has certain technological flaws that we want them to rectify before we reconsider their application.”

Taifa Gas’s entry into Kenya’s LPG gas market was included in a trade agreement signed by Kenyan President Uhuru Kenyatta and Tanzanian President Samia Suluhu as part of an effort to reduce the cost of handling and evacuating cooking gas from ships to the mainland and, as a result, Kenyan cooking gas prices.

EPRA’s regulatory stumbling block may trigger a new war for control of Kenya’s cooking gas market between Mombasa-based businessman Mohamed Jaffer and Aziz.

Taifa Gas, formerly Mihan Gas, is Tanzania’s largest LPG supplier. Under his leadership, the LPG supply firm has established more than 30 plants and storage facilities across the nation.

Aside from Taifa Gas, Aziz owns Caspian Mining, a Tanzanian contract mining firm, as well as real estate in Dubai and Oman.

In 2013, he was the first Tanzanian to have a net worth of more than $1 billion, according to Forbes.

Aziz’s riches stems mostly from his ownership of Vodacom Tanzania, the country’s leading telecommunications company. He sold his share in Vodacom Tanzania to Vodacom Group South Africa in 2014 for an estimated $400 million.

Recently, MIC Tanzania, the parent company of Tigo Tanzania Plc and Zanzibar Telecom, and AXIAN Group, a Malagasy-based pan-African conglomerate led by multimillionaire businessman Hassanein Hiridjee, announced plans to invest Tsh1 trillion ($430.2 million) in MIC Tanzania.