Billionaire Mo Dewji quits as Simba chairman after shock cup loss

It’s an advantage to any club especially in East Africa to have a billionaire as club Chairman, because, then you’re sure everything will be sorted in time. But if push comes to shove then the unexpected happens.

Such is the situation Tanzanian giants Simba SC find themselves in. The current league champions were at the receiving end of an embarrassing 1-0 loss to Mtibwa Sugar in the final of the Mapinduzi cup in Zanzibar on Monday evening.

After the loss, the club’s majority shareholder and now former chairman Mohamed “Mo” Dewji tweeted;

“Sadly Simba did not win after paying salaries of about 4 billion a year, I resign as chair of the board and will remain as an investor. I will focus on developing infrastructure and youth academy,” Mo wrote on his official twitter page.

The twenty time league champions rang the changes in the technical department letting go of Patrick Aussems, who led the side to the quarterfinals of the CAF Champions League last season for the first time in the club’s history.

Aussems was replaced with compatriot Sven Ludwig Vandenbroeck but the latter has started off badly, picking up a point in the Dar derby after taking a 2-0 lead against arch-rivals Yanga and then losing the Mapinduzi cup.

Mo Dewji is a Tanzanian business magnet, he is the president of Mohammed Enterprises Tanzania Limited Group.

According to Forbes, he has an estimated net worth of USD 1.9 billion, therefore, positioning him as the 17th richest person in Africa and the continent’s youngest billionaire

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