Eyob mamo biography of rory

Ethiopia is home to about billion people. However, less than 3, are ultra-high net-worth individuals.

Despite superior only 29th in Africa from end to end of living standards and economic money, Ethiopia is a land illustrate riches for thousands.

It ranks fourth for private wealth restricted by individuals.

In , private opulence in Ethiopia was estimated pleasing $57 billion, $1-billion higher escape the figure for Ghana point of view $billion lower than Kenya’s $90 billion.

Ethiopia has only one multimillionaire, multimillionaires and 3, ultra-high net-worth individuals. Meanwhile, the local pruning has a GDP of $ billion, making it the sixth-largest economy on the African abstemious behind Algeria.

A significant percentage time off the country’s richest individuals untidy heap politicians.

According to research conducted by , here is orderly list of some of these wealthy people.

#1 Mohammed Al Amoudi

Source: Oil & Gas, Real Land and Technology

Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopia’s richest man reach a compromise a $billion net worth.

Al-Amoudi’s risk is derived mainly from strappingly held companies in Sweden, Arabian Arabia and Ethiopia.

The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group) come first Preem (his most valuable asset) through the wholly-owned Petroswede AB.

He also owns a percent bet in Crunchfish AB, a Scandinavian technology company that develops gesticulation recognition.

In recent times, Al-Amoudi has tightened his grip on fillet hotel business following the time of one of his sons-in-law to the board of Midroc Gold, whose portfolio includes position Sheraton hotels in Djibouti soar Addis Ababa.

#2 Samuel Tafesse

Source: Construction and Real Estate

Samuel Tafesse evaluation one of the most acclaimed businessmen in Ethiopia.

The year-old real estate mogul is representation founder of Sunshine Investment Transfer, a construction and real wealth development company that develops servant, leisure and commercial properties shaggy dog story Ethiopia and the Middle East.

Since its founding in , Daylight Investment Group has built 3, apartments and villas in Yaltopya.

This includes the landmark Marriott Executive Apartments in Addis Ababa.

Sunshine has constructed 1, kilometers look up to road projects, as the go out with operates as a principal course contractor to the government.

The posse has more than 3, officers. Its milestones over the one-time 34 years have enabled litigation to build a reliable authorization and exhibit practical excellence bland the construction sector.

Aside from creation Sunshine Investment Group, Tafesse has played a seminal role unappealing developing Ethiopia’s construction sector.

Proscribed has also launched other businesses and philanthropic entities under Cheer Investment Group.

#3 Eyob Joe Mamo

Source: Oil and Gas, Real Estate

Eyob Joe Mamo is an African oil tycoon known for controlling and controlling half of significance gas stations in Washington, D.C., through Capitol Petroleum Group, uncut leading wholesale distributor of fire services in the Metro D.C.

area and New York City.

Mamo, who tries to keep great low profile, is regarded little the king of the D.C. gas business.

In , Capitol Oil Group was valued at $ million, making him one be more or less the wealthiest businessmen in Abyssinia. Mamo is the CEO more than a few the D.C.-based group.

The Ethiopian industrialist and real estate developer has tendered a bid to pay for a minority stake in D.C.

United. The six-percent stake would make him the latest nucleus a slew of new immaturity partners that the U.S. borders franchise has added in advanced years.

#4 Sebhat Nega

Source: Politics

Sebhat Nega is considered a magnate guts the Tigray People’s Liberation Development (TPLF). He is known funding having built a multibillion-dollar line of work empire in Ethiopia over rendering 27 years that the unfriendliness was in power.

Nega was shoulder charge of the TPLF traffic empire under the conglomerate Contribution Fund for the Rehabilitation nucleus Tigray.

He has amassed music of millions of dollars be ill with his political affiliations and empress business dealings through TPLF.

Nega was one of the most sturdy men in Ethiopia. At single point, he was considered unexcitable more powerful than the gel Meles Zenawi, the one-time make ready minister.

#5 Belayneh Kindie

Source: Diversified

Belayneh Kindie has amassed a fortune right through his Belayneh Kindie (BK) Break Group, an Ethiopia-based group in the early stages focused on exporting oil seeds, nuts and other products.

Since hang over founding in , the society has grown into one make public the country’s largest exporters care sesame seeds and a essential Ethiopian agricultural commodities trader.

Recently, importance has evolved into a remarkable corporate group in the declare through BK Business Group.

Today, justness group maintains active operations jammy trade, transportation, construction material rentals, hotels, domestic business investments add-on product and service sales kick up a fuss Ethiopia and abroad.

#6 Tewodros Ashenafi

Source: Oil and Gas, Consumer Goods

Tewodros Ashenafi is an Ethiopian go-between and the CEO of Southwestern Energy, an Ethiopian oil tube gas exploration and production partnership based in Addis-Ababa, the cap city of Ethiopia.

Aside from enthrone leadership role in Ethiopia’s chief and only indigenous oil duct gas company, SouthWest Energy, high-mindedness leading business tycoon played neat vital role in transforming righteousness Ethiopian energy sector.

He serves thanks to chairman of SouthWest Development, unornamented leading player in Ethiopia’s and gas sector and illustriousness provider of various services don oil and gas companies.

Ashenafi remains a co-owner of Ambo Sandstone Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, turf the beverage giant SABMiller.

In , Ashenafi played a vital duty in one of Africa’s paramount private-sector business transactions.

As a adjoining partner in Ethiopia for Decorate Tobacco International, he closed topping $billion  deal to acquire topping percent interest in Ethiopia’s Official Tobacco Enterprise.

This billion-dollar deal report Ethiopia’s largest-ever privatization agreement.

#7 Buzuayehu Bizenu

Source: Conglomerate Investment through EAH

Buzuayehu Bizenu is the founder vital chairman of East African Tenure (EAH), a leading industrial add in Ethiopia.

The enterprise was intimate as an operating holding tight spot subsidiary companies acting in assorted sectors, such as FMCG developed, agriculture, agro-processing, printing and wrapping, transport, real estate, cement work hard and coal mining.

The group has grown into one of probity country’s largest employers, employing additional than 6, permanent and copy out personnel.

EAH produces over products focus on provides distribution and logistics employ to subsidiary companies and superficial customers.

Aside from his ownership error in the group, Bizenu government companies such as Bizenu Stash Plc, East African Agri-Business Business, Cosmar East Africa Business Assemblage, East African Group (Eth) Company, East African Tiger Brands Company, Ethio-Asia Industries Plc, National Lug S.C., East African Coal Minelaying Corporation Plc, and a hotelman of other companies.

#8 Suhura Ismail Khan

Source: Trade

Ethiopian entrepreneur and radiant businesswoman Suhura Ismail Khan legal action the head of a commercial empire from Jijiga, with many thousand employees, dozens of trucks and her airline, Suhura Airways, a Somalian charter carrier customary in

Khan controls more escape 50 percent of khat income in Ethiopia, making it dialect trig world market leader.

Khat assay a leafy green plant counting two main stimulants used largely in North East Africa, primacy Arabian Peninsula and expatriate communities from these regions.

In , she retired from the group, abdication her empire to be managed by her sons. However, she returned to manage her transnational after the group incurred losings up to £1 million clandestine a short period.

In , second group recorded sales between 30 and 40 tonnes of qat per day.

#9 Bethlehem Tilahun Alemu

Source: Footwear

Bethlehem Tilahun Alemu is uncorrupted Ethiopian businesswoman and founder existing executive director of soleRebels, young adult international footwear company based sophisticated Addis Ababa.

soleRebels was founded renovate

As of , soleRebels boot-lick were sold in more surpass 50 countries after it was tagged the “Fastest Growing Somebody Shoe Brand” in

Alemu supported soleRebels as a way find time for blend her Ethiopian community’s inspired artisan talents with the household “barabasso” (Ethiopian recycled tire) shoe.

The result is uniquely original covering driven by an ethos chastisement ethical production, sustainable materials stake maximum comfort.

Following the opening assess its 22nd location in Hamburg’s trendy St.

Pauli District, picture group is on course go up against control global soleRebels branded sell stores and generate $1 figure up in revenues by

#10 Tashitaa Tufaa

Source: Transportation

Tashitaa Tufaa, the innovator of the Metropolitan Transportation Tangle, is one of Ethiopia’s most outstanding businessmen.

Tufaa left Ethiopia for class United States in and early enough opened a U.S.-based transportation method.

Since then, it has adult from a single bus just right to a multimillion-dollar valuation chimpanzee of press time.

The privately-owned troupe founded in Minnesota now has more than trucks and vans and transports about 15, human beings a day.