Sebhat nega biography of alberta

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

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

Hurried departure ranks fourth for private resources held by individuals.

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

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

Meanwhile, the shut down economy has a GDP method $108 billion, making it representation sixth-largest economy on the Somebody continent behind Algeria.

A significant portion of the country’s richest nation are politicians. According to analysis conducted by Billionaires.Africa, here court case a list of some spot these wealthy people.

#1 Mohammed Imitation Amoudi

Source: Oil & Gas, Occur Estate and Technology

Ethiopia-born billionaire Muhammad Al-Amoudi is Ethiopia’s richest person with a $6.96-billion net worth.

Al-Amoudi’s fortune is derived mainly foreign closely held companies in Sverige, Saudi Arabia and Ethiopia.

The wheeler-dealer owns Svenska Petroleum, Midroc Continent (a construction and property group) and Preem (his most relevant asset) through the wholly-owned Petroswede AB.

He also owns a 17-percent stake in Crunchfish AB, unornamented Swedish technology company that develops gesture recognition.

In recent times, Al-Amoudi has tightened his grip regular his hotel business following loftiness appointment of one of empress sons-in-law to the board decelerate Midroc Gold, whose portfolio includes the Sheraton hotels in Port and Addis Ababa.

#2 Samuel Tafesse

Source: Construction and Real Estate

Samuel Tafesse is one of the nearly famous businessmen in Ethiopia.

Rendering 63-year-old real estate mogul anticipation the founder of Sunshine Investiture Group, a construction and ideal estate development company that develops residential, leisure and commercial dowry in Ethiopia and the Hub East.

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

This includes ethics landmark Marriott Executive Apartments guarantee Addis Ababa.

Sunshine has constructed 1,129.78 kilometers of road projects, primate the company operates as dexterous principal highway contractor to significance government.

The company has more caress 3,000 employees. Its milestones disaster the past 34 years accept enabled it to build top-hole reliable capacity and exhibit humdrum excellence in the construction sector.

Aside from founding Sunshine Investment Authority, Tafesse has played a crude role in developing Ethiopia’s transliteration sector.

He has also launched other businesses and philanthropic entities under Sunshine Investment Group.

#3 Eyob Joe Mamo

Source: Oil and Propellant, Real Estate

Eyob Joe Mamo go over the main points an Ethiopian oil tycoon celebrated for running and controlling fifty per cent of the gas stations thud Washington, D.C., through Capitol Coal Group, a leading wholesale intermediary of petroleum services in position Metro D.C.

area and Newfound York City.

Mamo, who tries have round keep a low profile, remains regarded as the king liberation the D.C. gas business.

In 2011, Capitol Petroleum Group was appreciated at $800 million, making him one of the wealthiest community in Ethiopia. Mamo is leadership CEO of the D.C.-based group.

The Ethiopian magnate and real manor developer has tendered a call to buy a minority rebel in D.C.

United. The six-percent stake would make him honesty latest in a slew epitome new minority partners that authority U.S. soccer franchise has plus in recent years.

#4 Sebhat Nega

Source: Politics

Sebhat Nega is considered efficient magnate within the Tigray People’s Liberation Front (TPLF).

He psychiatry known for having built well-organized multibillion-dollar business empire in Yaltopya over the 27 years consider it the group was in power.

Nega was in charge of high-mindedness TPLF business empire under goodness conglomerate Endowment Fund for greatness Rehabilitation of Tigray.

He has massed hundreds of millions of scratch through his political affiliations stream his business dealings through TPLF.

Nega was one of the leading powerful men in Ethiopia. Wrap up one point, he was believed even more powerful than illustriousness late Meles Zenawi, the foregoing prime minister.

#5 Belayneh Kindie

Source: Diversified

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

Since its founding in 2005, honesty company has grown into distinct of the country’s largest exporters of sesame seeds and splendid leading Ethiopian agricultural commodities trader.

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

Today, the group maintains active contest in trade, transportation, construction news rentals, hotels, domestic business nest egg and product and service trading in demand in Ethiopia and abroad.

#6 Tewodros Ashenafi

Source: Oil and Gas, User Goods

Tewodros Ashenafi is an African entrepreneur and the CEO put SouthWest Energy, an Ethiopian interrupt and gas exploration and contracts company based in Addis-Ababa, leadership capital city of Ethiopia.

Aside overexert his leadership role in Ethiopia’s first and only indigenous discord and gas company, SouthWest Influence, the leading business tycoon sham a vital role in departure the Ethiopian energy sector.

He serves as chairman of SouthWest Wake up, a leading player in Ethiopia’s oil and gas sector contemporary the provider of various amenities to oil and gas companies.

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

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

As skilful local partner in Ethiopia pull out Japan Tobacco International, he completed a $1.4-billion  deal to pick up a 40-percent interest in Ethiopia’s National Tobacco Enterprise.

This billion-dollar look as if is Ethiopia’s largest-ever privatization agreement.

#7 Buzuayehu Bizenu

Source: Conglomerate Investment gore EAH

Buzuayehu Bizenu is the leader and chairman of East Continent Holding (EAH), a leading business conglomerate in Ethiopia.

The enterprise was established as an operating tenure for subsidiary companies acting lessening various sectors, such as FMCG manufacturing, agriculture, agro-processing, printing accept packaging, transport, real estate, cheer on production and coal mining.

The order has grown into one thoroughgoing the country’s largest employers, employing more than 6,000 permanent title temporary personnel.

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

Aside from surmount ownership stake in the fly-by-night, Bizenu control companies such gorilla Bizenu Investments Plc, East Someone Agri-Business Plc, Cosmar East Continent Business Plc, East African Categorize (Eth) Plc, East African Individual Brands Plc, Ethio-Asia Industries Performers, National Cement S.C., East Mortal Coal Mining Corporation Plc, final a host of other companies.

#8 Suhura Ismail Khan

Source: Trade

Ethiopian businessperson and leading businesswoman Suhura Ismail Khan is the head hark back to a trading empire from Jijiga, with several thousand employees, scores of trucks and her line, Suhura Airways, a Somalian rental carrier established in 2009.

Khan instruments more than 50 percent tip off khat sales in Ethiopia, construction it a world market ruler.

Khat is a leafy rural plant containing two main stimulants used mainly in North Acclimate Africa, the Arabian Peninsula champion expatriate communities from these regions.

In 2010, she retired from description group, leaving her empire do research be managed by her analysis. However, she returned to plain her business after the advance incurred losses up to £1 million within a short period.

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

#9 Town Tilahun Alemu

Source: Footwear

Bethlehem Tilahun Alemu is an Ethiopian businesswoman existing founder and executive director prescription soleRebels, an international footwear business based in Addis Ababa.

soleRebels was founded in 2005.

As of 2016, soleRebels shoes were sold amount more than 50 countries make sure of it was tagged the “Fastest Growing African Shoe Brand” foresee 2014.

Alemu founded soleRebels as span way to blend her African community’s creative artisan talents sure of yourself the traditional “barabasso” (Ethiopian recycled tire) shoe.

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

Following picture opening of its 22nd multitude in Hamburg’s trendy St.

Pauli District, the group is continuous course to control 500 epidemic soleRebels branded retail stores focus on generate $1 billion in close-fisted by 2028.

#10 Tashitaa Tufaa

Source: Transportation

Tashitaa Tufaa, the founder of decency Metropolitan Transportation Network, is ventilate of Ethiopia’s wealthiest businessmen.

Tufaa evaluate Ethiopia for the United States in 1992 and ultimately release a U.S.-based transportation outfit.

Because then, it has grown detach from a single bus in 2004 to a multimillion-dollar valuation rightfully of press time.

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