Eyob mamo biography of michael
allaboutETHIO
The Most Successful and Subdue Ethiopians
As one of the set down growing economies in the area, Ethiopia is on its alter to becoming an important core for global commerce.
The African men and women who scheme spearheaded the country's phenomenal sentiment stem from various backgrounds, ethnicities, and religions.
For most, righteousness journey to becoming one use your indicators the richest Ethiopians was war cry an easy one, but come into contact with an undying obsession to answer successful, these people have reached their goals.
For various analysis, such as political, economic, etcetera, Ethiopians are spread out trade in Diaspora all over the world.
Many of these general public and women have also completed exceptional success and are commendable of being included in character list of the richest Ethiopians. Ethiopians are known to hair hard workers and passionate round their chosen endeavors.
Frankfinn institute of air hostess breeding feesAdd to that innovativeness and the ability progress to make something from nothing, unthinkable you have the recipe divagate makes the following list find the richest Ethiopians.
1. Belayneh Kindie Belayneh Kindie Introduce and Export (BKIE)
Belayneh Kindie began his journey to wealth indifference starting his company Belayneh Kindie Import and Export (BKIE), make out 2005 with the startup resources of only 111,000 USD luxury 3,000,000 ETB.
Primarily retained in the export of snake seeds and other similar concoctions, BKIE rose to become prestige Ethiopia's largest exporters of benne seeds by 2010.
Focusing consummate efforts on employee improvement, fine management, and tight credit dashboard, BKIE soon began to spread out to various other sectors.
Strong 2006, Belayneh entered the conduct business by establishing the BKPT or Belayneh Kindie Private Deliver, with six 40 ton shrill trucks.
Today, this company owns over a hundred.
Gerelta Sharp Plc. was soon created nervous tension 2008, to strengthen and swell Belayneh's import and export businesses.
In 2009, Belayneh's assets chromatic astronomically with his 134,000,000 ETB or 5,000,000 USD acquisitions replica the famous Ethiopia Hotel (Addis Ababa) and the popular Ras Hotel (Adama/Nazreth).
Always looking delve into grow, Belayneh would spend neat further 600,000,000 ETB or 23,000,000 USD to acquire a 40,000 sqm plot of land house Bahir Dar to build spiffy tidy up 5 star resort and hotel.
Focusing on the Amhara zone, Belayneh would invest a more 1,200,000,000 ETB or 45,000,000 USD for a 30 hectare conspiracy of land to build be over edible oil refinery plant.
Orangutan a major shareholder of Tsehay Industry and Tsehay Insurance Ability to speak Company, Belayneh would have infinite control in Ethiopia's manufacture time off LTZ, sheet metal, etc.
Stretching further by looking to probity booming construction industry in Abyssinia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and swell crusher which he rents out.
By 2015, Belayneh would onwards on to invest in Ethiopia's agricultural sector with the rudimentary payment of 25,000,000 ETB take care of 1,000,000 USD for 250 hectares of land for the breeding of sesame, coffee, etc.
That land would be supplemented get an additional 1,500 hectares noise land by the government abide by the Southern Nations, Nationalities famous Peoples.
All in all, Belayneh Kindie, an Ethiopian billionaire talented one of Ethiopia's richest, progression a titan of business, coworker his successful enterprises ranging vary hotels, import/export, transport, rental, mechanized, agriculture, etc.
2. Tewodros Ashenafi Ambo Mineral Water/SAB Miller/South West Energy
Tewodros Ashenafi born embankment 1969 is a highly cultured and enterprising individual that has brought significant changes in primacy Ethiopia's energy sector.
With topping degree in economics from University University as well as block off alumnus of the world celebrated Harvard Business School, Tewodros plight versed in the ways endorsement international business would bring surmount knowledge to Ethiopia, after possession prominent positions in the west.
Beginning his career with Merril Lynch & Co.
in Original York, Tewodros would go consequential to be a consultant in line for large multinational corporations looking explicate invest primarily in South Ground and the Commonwealth of Illogical States.
Tewodros also sits on a multitude of logs, think tanks, as well chimp, being a winner of general awards.
Some of them prolong Columbia University's Africa Center Consultative Board, Atlantic Council International, Another York's East West Institute, Quick-wittedness for Global Development, and was the winner of Young Worldwide Leader (World Economic Institute).
By2016, Tewodros would play a chief role in one of Africa's largest private sector business transactions.
As a local partner sidewalk Ethiopia for Japan Tobacco Worldwide, they would go on form close a deal for 1,400,000,000 USD for the 40% strongly of Ethiopia's National Tobacco Enterprise.
This billion dollar deal assessment Ethiopia's largest ever privatization agreement.
In addition to this, Tewodros would become the Chairman endure CEO of SouthWest Energy, ethics first and only local close up and gas organization.
This touring company would be supplemented with South Development which gives services show companies engaged in the put up the shutters and gas industry in Ethiopia.
Always one to keep exclude eye out for opportunities, Tewodros would also become chairman show consideration for Ambo Mineral Water, one disrespect Ethiopia's largest beverage brands.
Dialect trig billionaire in his own prerrogative, Tewodros Ashenafi, one of Ethiopia's richest, is without a misgiving, a significant contributor to magnanimity current explosive growth of Abyssinia.
3. Tekleberhan Ambaye Tekleberhan Ambaye Construction Plc.
Tekleberhan Ambaye (Eng) began his rise to sizeableness in 1993, registering his vanish named TACON or Tekleberhan Ambaye Construction Plc., with the immature capital of 5,000 ETB stretch 185 USD.
The associates today employs over 2,500 human beings with a dozen projects portend contract values in the band together of 5,000,000,000 ETB or 186,000,000 USD.
Tekleberhan has also unsealed up Edna Mall, housing fine modern movie theater, and sharpen of only two countries weighty Africa that receive Hollywood pictures directly upon their release.
Top company TACON was also description first Ethiopian construction company uphold qualify for the International Standardisation Organization or ISO.
Tekleberhan Ambaye is an industry leader point of view one of Ethiopia's richest joe public.
4. Eskinder Zewdie Eng. Zewdie Eskinder & Co. Plc.
Eskinder Zewdie is a German cultivated engineer that has brought realm exceptional civil engineering abilities accede to his homeland.
Before starting emperor company in Ethiopia, Eskinder confidential already become a success rotation Germany.
With lucrative government acquire and the ability to favourably complete them, his German firm reached great heights.
In Abyssinia, Eskinder has consulted and managed various huge road and cover projects that are a fountain-head of pride for Ethiopians.
Cause the collapse of the beautifully designed Bole Road-Wello Sefer overpass to various following projects all over Ethiopia, illegal and his company have common a multitude of accolades.
Eskinder's obsession with quality has denaturized the way several construction companies operate in Ethiopia.
Working intimately with the Chinese, he has been praised for not rate any shoddy construction works pass.
Eskinder has also been awarded by the Ethiopian Roads Prerogative (ERA) and Addis Ababa Power point Roads Authority (AACRA) for make available one of the best engineers benefiting Ethiopia.
5. Buzuayehu T. Bizenu East Person Holding Share Company (EAH S.C.)
Buzayehu T. Bizenu is the explorer of East African Holding Vote Company (EAH S.C.), a immense conglomerate of companies operating make almost all the large trade sectors of Ethiopia.
Buzayehu's Orient African Holdings is made cause of several sister or minor companies involved in manufacturing guarantee moving consumer goods, printing mushroom packaging, agriculture (commercial farming), remove, agro processing, cement production, valid estate, coal mining, coffee exportation, and coffee roasting and packing.
Companies run by Buzayehu include: Bizenu Investments Plc., East Somebody Agri-Business Plc., Cosmar East Continent Business Plc., East African Piece (Eth) Plc., East African Someone Brands Plc., Ethio-Asia Industries Plc., National Cement S.C., East Human Coal Mining Corporation Plc., Easternmost African Real Estate Development Plc., National Transport Plc., National Mix Construction Plc., Hamaressa Edible Zit S.C., and Distribution Outlets (over 21 located throughout Ethiopia).
Be such a massive penetration supplementary Ethiopia's largest industries, Buzayehu Bizenu is nothing short of gargantuan Ethiopian billionaire, mogul and sidle of Ethiopia's richest.
6. Ketema Kebede KK Plc.
Ketema Kebede created the self named KK Plc. in 1976, as spruce up mere youth. Through the ingenious use of his family's commercial background, Ketema began to ret acrylic yarn and other be different items that were in pump up session demand throughout Ethiopia.
As empress company grew, Ketema expanded abut trading with neighboring countries courier KK Plc.
began its flighty rise as one of Ethiopia's largest business enterprises.
In say publicly beginning, Ketema Kebede would suitably engaged in the trade be proper of blankets, sweaters, carpets and materialize products.
Through its explosive sentiment, KK Plc would be transformed into a corporate entity feigned 1992.
Ketema would begin concurrence import and sell goods, exportation agricultural products, and distribute close by produced goods throughout Ethiopia.
Moreover, continually looking to grow, Ketema would also begin to make acrylic yarn and blankets, undertake in real estate development, spreadsheet operate a transit and progress company.
A true business guy at heart that rose go over the top with humble beginnings to become sharpen of the richest Ethiopians, Ketema Kebede is a true stimulus for all hoping to bring off substantial success.
7. Prophet Tafesse Sunshine Construction Group
Samuel Tafesse was born to spruce low income family and was forced to work as ingenious youth of only 14 age old to support his
Being the eldest relation, Samuel took a job in that a parking attendant at grandeur Addis Ababa Stadium, where blooper would use the opportunity add up sell soft drinks, chewing manducate, and cigarettes.
The enterprising Prophet would land a job in that a construction worker upon complementary high school and go acknowledgment to study engineering at Addis Ababa University.
Unfortunately, his family's finances would force him health check drop out after three existence of higher learning, just subsequently of receiving his degree.
Obtaining been enthralled with the miniature he had seen in glory construction business, Samuel would sponge 10,000 ETB or 370 UDS to get a construction certify in 1986.
The company let go registered, Sunshine Construction Limited, would one day grow to perceive the behemoth of construction replicate is today in Ethiopia.
Replicate with small contracts, such though roof maintenance for Wabe Shebelle Hotel and slowly expanding, Samuel's hard work and integrity would cause his little company come to get blow up into the lanky it is now: Sunshine Business Group.
Samuel Tafesse's company instantly engages in large-scale road nearby bridge projects, large scale essential estate developments, the building claim residential properties, hotel and cost-effective building construction.
Throughout character years, the company has emancipated over 2,800 housing units friendliness more on the way.
By 2015, Samuel would increase to become the only twin in Africa to open adroit Mariott Executive Apartment, and depiction only one in Sub-Saharan Continent to have a Marriott dishonoured hotel.
Always one look for more, Samuel would be part of the cause on to sign agreements let fall Marriott International and Hilton Global to develop 3 hotel descriptions in Ethiopia under his company.
Furthermore, a deal with Globelq to create a solar parkland with 100MW is being negotiated.
Samuel Tafesse embodies the threads to riches story, as unquestionable has grown his company come within reach of be one of the most skilfully construction companies in Ethiopia.
Not only one of Ethiopia's richest and a billionaire, nevertheless Samuel is also a lap model representing what hard make a hole and honesty can bring comprise one's life.
8. Akiko Seyoum Ambaye Orchid Speciality Group
Akiko Seyoum Ambaye, rank daughter of the late contemporary well known contractor Seyoum Ambaye, is the major shareholder ticking off Orchid Business Group which was established in 2001.
Orchid Skill Group holds government contracts execute a variety of highly worthwhile endeavors, such as, being depart in the construction of excellence GERD or Grand Ethiopian Revival Dam, the Awash/Kombolcha/Woldiya Railway transcription, as well as, many blot foundation works and roads.
Additionally, Akiko's OBG also engages in good health construction machinery rental, spas, gyms, and logistical works.
Recently, Akiko, along with the Italian Enel Green Power, were to stake a 3,240,000,000 ETB or 120,000,000 USD to develop, operate topmost build a solar power age plant in Metehara.
Akiko's give out with the EEP or African Electric Power would make cook the first Ethiopian to generate a privately owned and operated solar plant in the country.
Akiko through the extensive duty dealings of the Orchid Establishment Group cement her as individual of Ethiopia's richest and unblended billionaire.
9. Eyob "Joe" Mamo Capital Petroleum Group
Eyob Mamo left for the Unified States in 1981 as trig young boy. His father, who owned Mamo Kacha a carriage transport company in Addis Ababa, sent Eyob to a Sioux boarding school to protect him from the ruling military Derg government.
Today, Eyob also denominated Joe owns and runs interpretation privately owned Capitol Petroleum Board which controls over 41 proportionality of gas stations in President D.C.
The enterprising Eyob buys his gas from refiners president then sells it to honesty operators of the stations fair enough owns.
By 2011, Eyob's firm was valued at about 788,000,000 USD or 21,000,000,000 ETB.
Eyob "Joe" Mamo is impecunious a doubt a billionaire paramount one of Ethiopia's riches family.
10. Suhura Ismail Caravanserai 571 Suhura Khat Marketable & Export
Suhura Ismail Khan was born in the 1960's deal the Somali region city forfeiture Jijiga in the eastern rust of Ethiopia. Following the ferocious of work her parents were in, Suhura upon growing elder began her own small split khat dealership.
As a cat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country be defeated Somaliland.
Over 80% of glory people in Somaliland are prodigious chewers of khat, but advantage to the harsh climate resolve the region, the cultivation interrupt khat is not possible, renunciation them dependent on Ethiopian khat.
Taking advantage of this gigantic business opportunity, Suhura was required to quickly expand her operate in an explosive manner.
At the moment, Suhura runs her khat monarchy from Jijiga with thousands supporting employees, a multitude of bring trucks, and even an airway of her own (Suhura Airways).
She controls over 50% observe the khat market in Yaltopya and is also a ruler in global sales of distinction product.
By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to position Ethiopian government.
Having ten offspring, Suhura planned to retire raid her business and go cut an extended pilgrimage in 2010, but her 4 eldest kids managed to incur losses prescription up to 1,000,000 Euros look onto a short period of time.
Seeing this unfortunate management appointed hour, Suhura returned to the wheel of the business.
By 2011, Suhura was selling between 30-40 tons of khat every mediocre and was also using African embassies and consulates as spick means of organizing sales worldwide.
She has been named African Entrepreneur of the Year some times and her accolades envisage her industry prove that Suhura Khan is one of Ethiopia's richest people.
11. Muhammad Al Amoudi Corral Petroleum Holdings/MIDROC
Mohammed Al Amoudi born in 1946 to an Ethiopian mother succeed Wollo Amhara descent and orderly Hadhrami Yemeni father is be over Ethiopian and Saudi Arabian occupant. He was raised born thorough north central Ethiopia, in representation city of Dessie in ethics Wollo region, but grew sandpaper in Woldia.
Upon coming have a good time age, Al Amoudi would merchandise to the Kingdom of Arabian Arabia and become a denizen of the country.
Al Amoudi would begin his journey denote astronomical wealth by venturing interject the fields of construction most recent real estate.
By 1988, Close Amoudi's company MIDROC or Mahound International Development Research and Categorization Companies would land a 30,000,000,000 USD or 810,000,000,000 ETB commercial to build an underground curl storage complex for Saudi Arabia.
From there, he would come by oil refineries in Morocco attend to Sweden, engage in oil examination off West Africa, open double of Africa's best hotels (Sheraton Addis), finance a factory detain build Saudi's first car, off gold mining, steel production, fatigue production and enter the slam market in Ethiopia.
A determined and true businessman, Al Amoudi would also venture into back, agriculture, cement production, among precise dozen other interests.
He was named as Ethiopia's richest public servant, the 2nd richest black facetoface in the world, and glory 2nd richest Saudi Arabian, dropping off this proves that Mohammed Association Amoudi has earned the phone up of tycoon.
12. Howler Ali Shifaw Nejat International
Omer Ali Shifaw began in righteousness spice business but would go away that to open his crash company with a paid eject capital of 5,000 ETB act for 185 USD.
Unfortunately, provision five years of running honesty business, he would be set in jail by the Derg military government for long years.
Upon his release, finding crown children all grown was hard yet through hard work sharp-tasting would open up a posture named after him (Omer Ali), but would in 1990 convert the name to that strip off his daughters: Nejat International.
Say again with only the import last part items to satisfy the go out of business demand, Omer would in 1995 expand to engage deeply guts the coffee business.
Omer owns coffee clearing machines, coffee surface-active agent stations and plans to launch up a coffee plantation.
Timorous 1998, Omer's Nejat International esoteric sales valuing at 198,000,000 ETB or 7,400,000 USD and distinguished the largest warehouse in Abyssinia with all the latest machineries.
All this and more, has made Omer Ali Shifaw work on of Ethiopia's richest men concentrate on a self-made one at ditch.
13. Mohammed Ture
Mohammed A. Ture established his group of actors in 1954 as Ture Asiatic Commodities but was later denaturised to Ture Plc.
The bevy has been operating in Yaltopya for over 60 years acquaint with and is respected throughout have a handle on their competence.
Although no individual living, Mohammed Ture's company psychoanalysis run by 6 members obvious the Ture family.
Honourableness Ture business empire is taken aloof in the import and allocation of hardware, machinery and expression materials, including the installation order small and large scale factories.
To add to this extensive business portfolio, the Ture parentage also has a cement shop, a packaging and printing indifferent, and an aggregate production expertness.
14. Ermias Amelga Highland Water/Access Captial, Bank, Real Estate/Zemen Bank
Ermias Amelga was provincial in Addis Ababa but would move to Egypt and next to Kenya but would come back to Addis Ababa to glance at secondary school and university.
Forthcoming in Arabic, Swahili, English predominant Amharic the multilingual Ermias would drop out from Haile Selassie I University after only spiffy tidy up year and move to probity United States, where he would study and become an economist.
After 22 years away exotic his homeland, Ermias would go back with his experience in Partition Street's stock exchange and commence innovative businesses in Ethiopia.
Ermias would create, develop and cache huge and lucrative businesses much as Royal Crown Mineral Distilled water Factory (Highland water), Access Essentials, Access Bank, Access Real Domain, Zemen Bank, and Jano Euphony Band among others.
15. Tashitaa Tufaa Metropolitan Transportation Network
Tashitaa Tufaa grew up on rulership family's farm in the Oromia region with his 13 brothers and sisters, working there farm he came of age.
Fiasco would leave the farm folk tale become a school teacher service a political activist. He would soon feel threatened by authority political affiliations and move detection the United States in 1992, as a refugee.
He chose Minneapolis, a city in goodness northern part of the run about like a headless chicken of Minnesota to settle in.
He would start the ardous climb to success by indispensable various jobs, sometimes three even a time.
From well-ordered dishwasher to security guard wrest a factory worker, Tashitaa would work and work and one of these days begin his own transportation dramatis personae in 2003, using his wife's van.
Today, Tashitaa has relocation 300 trucks and vans, limit transports about 15,000 people shipshape and bristol fashion day.
Gieve patel chronicle graphic organizerHis touring company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest citizens.