The Police in Tanzania on Thursday morning rescued Tanzanian billionaire and former Member of Parliament of the country’s ruling party, Mohammed Dewji from his abductors in Dar es Salaam, the country’s capital

Dar es Salaam Regional Commissioner, Paul Makonda confirmed the rescue, adding that all the kidnapping suspects who are all foreigners have been arrested.

Dewji, the owner and president of the multi-billion dollar  Mohammed Enterprises Tanzania Ltd (METL Group) was abducted as he arrived for a morning workout at a luxury hotel in the country’s commercial capital.

Dar es Salaam special zone commander had said that security police around the country, including at airports and all exit points have been put on high alert in the hunt for the abductors.

The 43-year-old Dewji was elected to parliament on the CCM ticket but did not seek re-election to his seat in the 2015 election.

The METL Group has more than 30 factories making consumer products ranging from bicycles and detergents to edible oil and beverages. Other investments cover the agriculture, infrastructure, energy and mobile phone sectors.

The company operates in 11 African nations, mostly in East Africa, with an estimated workforce of over 24,000 people.

Dewji had in 2015 said that METL Group’s revenues had risen above the $2 billion mark, making him the youngest billionaire on the African continent.