Shock has engulfed the Tanzanian business community after it emerged on Tuesday that one of their own billionaire Subhash Patel has died.
Subhash is the founder and CEO of Motisun Group with investments in Uganda, Zambia, Ghana, Mozambique and Tanzania. The tycoon rose in ranks from 1992.
The Motisun Group is a privately owned diversified business conglomerate based in Tanzania with various manufacturing companies in building materials such as steel, roofing products, cement, plastic tanks, pipes, paints etc. It is also present in sectors such as real estate, logistics, food and beverages and hospitality and Fast Moving Consumer Goods (FMCG).
In over 30 years of operations, the Group has made an exponential jump in investment and profitability, diversified its brand portfolio, introduced new products and innovations.