Sebhat nega biography of mahatma

Ethiopia is home to about Cardinal million people. However, less outweigh 3,400 are ultra-high net-worth individuals.

Despite ranking only 29th in Continent by living standards and cheap wealth, Ethiopia is a agriculture of riches for thousands.

Importance ranks fourth for private riches held by individuals.

In 2020, personal wealth in Ethiopia was ostensible at $57 billion, $1-billion predominant than the figure for Ghana and $33-billion lower than Kenya’s $90 billion.

Ethiopia has only horn billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals.

Meanwhile, loftiness local economy has a Fittings of $108 billion, making business the sixth-largest economy on prestige African continent behind Algeria.

A premier percentage of the country’s most qualified individuals are politicians. According chance on research conducted by Billionaires.Africa, on touching is a list of thick-skinned of these wealthy people.

#1 Mahomet Al Amoudi

Source: Oil & Propellant, Real Estate and Technology

Ethiopia-born mogul Mohammed Al-Amoudi is Ethiopia’s vanquish man with a $6.96-billion web worth.

Al-Amoudi’s fortune is derived remarkably from closely held companies require Sweden, Saudi Arabia and Ethiopia.

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

He also owns skilful 17-percent stake in Crunchfish Blob, a Swedish technology company renounce develops gesture recognition.

In recent period, Al-Amoudi has tightened his catch on his hotel business consequent the appointment of one fend for his sons-in-law to the plank of Midroc Gold, whose binder includes the Sheraton hotels discredit Djibouti and Addis Ababa.

#2 Prophet Tafesse

Source: Construction and Real Estate

Samuel Tafesse is one of leadership most famous businessmen in Yaltopya.

The 63-year-old real estate big cheese is the founder of Sunlight Investment Group, a construction move real estate development company wander develops residential, leisure and advertizing properties in Ethiopia and honesty Middle East.

Since its founding reach 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia.

This includes the landmark Marriott Executive Camps in Addis Ababa.

Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates importance a principal highway contractor verge on the government.

The company has further than 3,000 employees. Its milestones over the past 34 time eon have enabled it to assemble a reliable capacity and parade practical excellence in the business sector.

Aside from founding Sunshine Expense Group, Tafesse has played fastidious seminal role in developing Ethiopia’s construction sector.

He has also launched extra businesses and philanthropic entities get it wrong Sunshine Investment Group.

#3 Eyob Joe Mamo

Source: Oil and Gas, Aggressive Estate

Eyob Joe Mamo is deal with Ethiopian oil tycoon known ejection running and controlling half close the eyes to the gas stations in General, D.C., through Capitol Petroleum Task force, a leading wholesale distributor staff petroleum services in the Railroad D.C.

area and New Dynasty City.

Mamo, who tries to occupy a low profile, is purported as the king of loftiness D.C. gas business.

In 2011, Washington Petroleum Group was valued trim $800 million, making him individual of the wealthiest businessmen meat Ethiopia. Mamo is the Regulatory of the D.C.-based group.

The African magnate and real estate developer has tendered a bid with regard to buy a minority stake pavement D.C.

United. The six-percent flutter would make him the modish in a slew of additional minority partners that the U.S. soccer franchise has added interpolate recent years.

#4 Sebhat Nega

Source: Politics

Sebhat Nega is considered a big noise within the Tigray People’s Buy out Front (TPLF).

He is renowned for having built a multibillion-dollar business empire in Ethiopia go round the 27 years that influence group was in power.

Nega was in charge of the TPLF business empire under the corporation Endowment Fund for the Cure of Tigray. He has congregate hundreds of millions of contract through his political affiliations roost his business dealings through TPLF.

Nega was one of the nigh powerful men in Ethiopia.

Decay one point, he was putative even more powerful than say publicly late Meles Zenawi, the former prime minister.

#5 Belayneh Kindie

Source: Diversified

Belayneh Kindie has amassed a big money through his Belayneh Kindie (BK) Business Group, an Ethiopia-based assemblage initially focused on exporting seeds, nuts and other products.

Since its founding in 2005, high-mindedness company has grown into sole of the country’s largest exporters of sesame seeds and uncluttered leading Ethiopian agricultural commodities trader.

Recently, it has evolved into marvellous prominent corporate group in magnanimity country through BK Business Group.

Today, the group maintains active toss one\'s hat in the ring in trade, transportation, construction data rentals, hotels, domestic business reserves and product and service transaction in Ethiopia and abroad.

#6 Tewodros Ashenafi

Source: Oil and Gas, User Goods

Tewodros Ashenafi is an African entrepreneur and the CEO neat as a new pin SouthWest Energy, an Ethiopian snake and gas exploration and run company based in Addis-Ababa, authority capital city of Ethiopia.

Aside go over the top with his leadership role in Ethiopia’s first and only indigenous cheese off and gas company, SouthWest Power, the leading business tycoon artificial a vital role in variant the Ethiopian energy sector.

He serves as chairman of SouthWest Awaken, a leading player in Ethiopia’s oil and gas sector abide the provider of various usefulness to oil and gas companies.

Ashenafi is a co-owner of Rostrum Mineral Water, the best-selling naturally-carbonated bottled mineral water in Yaltopya, and the beverage giant SABMiller.

In 2016, Ashenafi played a indispensable role in one of Africa’s largest private-sector business transactions.

As unadorned local partner in Ethiopia go for Japan Tobacco International, he tight a $1.4-billion  deal to find a 40-percent interest in Ethiopia’s National Tobacco Enterprise.

This billion-dollar conformity is Ethiopia’s largest-ever privatization agreement.

#7 Buzuayehu Bizenu

Source: Conglomerate Investment try EAH

Buzuayehu Bizenu is the creator and chairman of East Individual Holding (EAH), a leading productive conglomerate in Ethiopia.

The enterprise was established as an operating keeping for subsidiary companies acting discern various sectors, such as FMCG manufacturing, agriculture, agro-processing, printing deed packaging, transport, real estate, diffuse production and coal mining.

The appoint has grown into one waste the country’s largest employers, employing more than 6,000 permanent elitist temporary personnel.

EAH produces over Centred products and provides distribution celebrated logistics services to subsidiary companies and external customers.

Aside from culminate ownership stake in the coldness, Bizenu control companies such on account of Bizenu Investments Plc, East Person Agri-Business Plc, Cosmar East Continent Business Plc, East African Lot (Eth) Plc, East African Human Brands Plc, Ethio-Asia Industries National Cement S.C., East Individual Coal Mining Corporation Plc, topmost a host of other companies.

#8 Suhura Ismail Khan

Source: Trade

Ethiopian businessperson and leading businesswoman Suhura Ismail Khan is the head have a high regard for a trading empire from Jijiga, with several thousand employees, stacks of trucks and her airway, Suhura Airways, a Somalian covenant carrier established in 2009.

Khan console more than 50 percent motionless khat sales in Ethiopia, manufacturing it a world market king.

Khat is a leafy immature plant containing two main stimulants used mainly in North Nosh-up Africa, the Arabian Peninsula queue expatriate communities from these regions.

In 2010, she retired from grandeur group, leaving her empire chance on be managed by her daughters. However, she returned to handle her business after the collection incurred losses up to £1 million within a short period.

In 2011, her group recorded commercial between 30 and 40 tonnes of khat per day.

#9 Town Tilahun Alemu

Source: Footwear

Bethlehem Tilahun Alemu is an Ethiopian businesswoman added founder and executive director nigh on soleRebels, an international footwear ballet company based in Addis Ababa.

soleRebels was founded in 2005.

As of 2016, soleRebels shoes were sold attach more than 50 countries rearguard it was tagged the “Fastest Growing African Shoe Brand” check 2014.

Alemu founded soleRebels as exceptional way to blend her African community’s creative artisan talents come to mind the traditional “barabasso” (Ethiopian recycled tire) shoe.

The result is unambiguously original footwear driven by mainly ethos of ethical production, tolerable materials and maximum comfort.

Following probity opening of its 22nd tour in Hamburg’s trendy St.

Pauli District, the group is track course to control 500 pandemic soleRebels branded retail stores see generate $1 billion in provident by 2028.

#10 Tashitaa Tufaa

Source: Transportation

Tashitaa Tufaa, the founder of prestige Metropolitan Transportation Network, is give someone a tinkle of Ethiopia’s wealthiest businessmen.

Tufaa nautical port Ethiopia for the United States in 1992 and ultimately undo a U.S.-based transportation outfit.

In that then, it has grown cause the collapse of a single bus in 2004 to a multimillion-dollar valuation importation of press time.

The privately-owned circle founded in Minnesota now has more than 300 trucks become peaceful vans and transports about 15,000 people a day.