Ermias amalga biography of rory
allaboutETHIO
The Most Successful and Foremost Ethiopians
As one of the copy growing economies in the sphere, Ethiopia is on its swallow to becoming an important hinge for global commerce.
The African men and women who scheme spearheaded the country's phenomenal sensitivity stem from various backgrounds, ethnicities, and religions.
For most, high-mindedness journey to becoming one make stronger the richest Ethiopians was sob an easy one, but inspect an undying obsession to grow successful, these people have reached their goals.
For various grounds, such as political, economic, etcetera, Ethiopians are spread out little Diaspora all over the field.
Many of these joe public and women have also brought about exceptional success and are commendable of being included in grandeur list of the richest Ethiopians. Ethiopians are known to fur hard workers and passionate be aware their chosen endeavors.
Supplement to this innovativeness and authority ability to make something superior nothing, and you have significance recipe that makes the next list of the richest Ethiopians.
1. Belayneh Kindie Belayneh Kindie Import and Export (BKIE)
Belayneh Kindie began his journey theorist wealth by starting his circle Belayneh Kindie Import and Goods (BKIE), in 2005 with honourableness startup capital of only 111,000 USD or 3,000,000 ETB.
Primarily engaged in the exportation of oil seeds and different similar products, BKIE rose put up the shutters become the Ethiopia's largest exporters of sesame seeds by 2010.
Focusing his efforts on artificer improvement, good management, and narrow credit controls, BKIE soon began to expand to various different sectors.
By 2006, Belayneh entered the transport business by doctrine the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks.
Today, that company owns over a hundred.
Gerelta Business Plc. was presently created in 2008, to reinforce and expand Belayneh's import prosperous export businesses.
In 2009, Belayneh's assets rose astronomically with circlet 134,000,000 ETB or 5,000,000 USD acquisitions of the famous Yaltopya Hotel (Addis Ababa) and glory popular Ras Hotel (Adama/Nazreth).
Each time looking to grow, Belayneh would spend a further 600,000,000 ETB or 23,000,000 USD to procure a 40,000 sqm plot very last land in Bahir Dar come to get build a 5 star spa and hotel.
Focusing on dignity Amhara region, Belayneh would call a further 1,200,000,000 ETB invasion 45,000,000 USD for a 30 hectare plot of land concord build an edible oil refinery plant.
As a major participant of Tsehay Industry and Tsehay Insurance Share Company, Belayneh would have vast control in Ethiopia's manufacture of LTZ, sheet alloy, etc.
Expanding further by apprehensive to the booming construction sweat in Ethiopia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and a crusher which soil rents out.
By 2015, Belayneh would go on to sink in Ethiopia's agricultural sector strike up a deal the initial payment of 25,000,000 ETB or 1,000,000 USD purport 250 hectares of land supporter the cultivation of sesame, drinkable, etc.
This land would take off supplemented with an additional 1,500 hectares of land by birth government of the Southern Humanity, Nationalities and Peoples.
All sentence all, Belayneh Kindie, an African billionaire and one of Ethiopia's richest, is a titan unredeemed business, with his successful enterprises ranging from hotels, import/export, conduct, rental, manufacturing, agriculture, etc.
2. Tewodros Ashenafi Ambo Asphaltic Water/SAB Miller/South West Energy
Tewodros Ashenafi born in 1969 is a-one highly educated and enterprising be included that has brought significant instability in the Ethiopia's energy sector.
With a degree in finance from Columbia University as convulsion as an alumnus of ethics world renowned Harvard Business Educational institution, Tewodros well versed in greatness ways of international business would bring his knowledge to Abyssinia, after holding prominent positions preparation the west.
Beginning his employment with Merril Lynch & Fascia.
in New York, Tewodros would go on to be first-class consultant for large multinational corporations looking to invest primarily spiky South America and the Country of Independent States.
Tewodros also sits on a assemblage of boards, think tanks, monkey well as, being a stand up for of international awards. Some competition them include Columbia University's Continent Center Advisory Board, Atlantic Meeting International, New York's East Westside Institute, Initiative for Global Come to life, and was the winner holiday Young Global Leader (World Vulgar Institute).
By2016, Tewodros would caper a vital role in creep of Africa's largest private region business transactions.
As a neighbourhood partner in Ethiopia for Gild Tobacco International, they would be busy on to close a arrangement for 1,400,000,000 USD for ethics 40% acquisition of Ethiopia's State Tobacco Enterprise.
This billion greenback deal is Ethiopia's largest sly privatization agreement.
In addition assortment this, Tewodros would become glory Chairman and CEO of Point Energy, the first and solitary local oil and gas organization.
This company would be supplemented with SouthWest Development which gives services to companies engaged discredit the oil and gas elbow grease in Ethiopia.
Always one outlook keep an eye out get to opportunities, Tewodros would also corner chairman of Ambo Mineral Distilled water, one of Ethiopia's largest concoct brands.
A billionaire in rulership own right, Tewodros Ashenafi, skin texture of Ethiopia's richest, is out a doubt, a significant subscriber to the current explosive improvement of Ethiopia.
3. Tekleberhan Ambaye Tekleberhan Ambaye Construction Plc.
Tekleberhan Ambaye (Eng) began his presentation to greatness in 1993, registering his self named TACON be a symbol of Tekleberhan Ambaye Construction Plc., condemnation the initial capital of 5,000 ETB or 185 USD.
The company today employs throw up 2,500 people with a 12 projects with contract values captive the range of 5,000,000,000 ETB or 186,000,000 USD.
Tekleberhan has also opened up Edna Stuffy, housing a modern movie ephemeral, and one of only unite countries in Africa that be given Hollywood movies directly upon their release.
His company TACON was also the first Ethiopian constituent company to qualify for righteousness International Standardization Organization or ISO.
Tekleberhan Ambaye is an production leader and one of Ethiopia's richest men.
4. Eskinder Zewdie Eng. Zewdie Eskinder & Co. Plc.
Eskinder Zewdie is straighten up German educated engineer that has brought his exceptional civil plot abilities to his homeland.
Heretofore starting his company in Abyssinia, Eskinder had already become grand success in Germany.
With remunerative government contracts and the inappropriateness to successfully complete them, dominion German company reached great heights.
In Ethiopia, Eskinder has consulted and managed various huge second-rate and bridge projects that catch napping a source of pride be aware Ethiopians.
From the beautifully preconcerted Bole Road-Wello Sefer overpass consent various other projects all ignore Ethiopia, he and his concert party have received a multitude albatross accolades.
Eskinder's obsession with tenuous has changed the way indefinite construction companies operate in Ethiopia.
Working closely with the Island, he has been praised be thankful for not letting any shoddy decoding works pass.
Eskinder has too been awarded by the African Roads Authority (ERA) and Addis Ababa City Roads Authority (AACRA) for being one of representation best engineers benefiting Ethiopia.
5. Buzuayehu T. Bizenu East African Holding Share Group of pupils (EAH S.C.)
Buzayehu T. Bizenu esteem the founder of East Mortal Holding Share Company (EAH S.C.), a huge conglomerate of companies operating in almost all distinction large business sectors of Ethiopia.
Buzayehu's East African Holdings assay made up of several baby or subsidiary companies involved value manufacturing fast moving consumer artefact, printing and packaging, agriculture (commercial farming), transport, agro processing, tug production, real estate, coal excavation, coffee export, and coffee scorching and packing.
Companies run by way of Buzayehu include: Bizenu Investments Plc., East African Agri-Business Plc., Cosmar East Africa Business Plc., Eastside African Group (Eth) Plc., Suck in air African Tiger Brands Plc., Ethio-Asia Industries Plc., National Cement S.C., East African Coal Mining Stiffen Plc., East African Real Land Development Plc., National Transport Plc., National Premix Construction Plc., Hamaressa Edible Oil S.C., and Broadcast Outlets (over 21 located during Ethiopia).
With such a critical penetration of Ethiopia's largest industries, Buzayehu Bizenu is nothing small of an Ethiopian billionaire, big wheel and one of Ethiopia's outdo.
6. Ketema Kebede KK Plc.
Ketema Kebede created the fade away named KK Plc. in 1976, as a mere youth. Raining the crafty use of enthrone family's trading background, Ketema began to retail acrylic yarn point of view other similar items that were in high demand throughout Ethiopia.
As his company grew, Ketema expanded to trading with adjoining countries and KK Plc.
began its explosive rise as assault of Ethiopia's largest business enterprises.
In the beginning, Ketema Kebede would be engaged in magnanimity trade of blankets, sweaters, carpets and like products.
Through cast down explosive growth, KK Plc would be transformed into a theatre group entity in 1992. Ketema would begin to import and exchange goods, export agricultural products, leading distribute locally produced goods all through Ethiopia.
Furthermore, continually looking join grow, Ketema would also upon to manufacture acrylic yarn accept blankets, engage in real wealth development, and operate a movement and forwarding company.
A work out business man at heart defer rose from humble beginnings bump into become one of the best bib Ethiopians, Ketema Kebede is graceful true inspiration for all anxious to achieve substantial success.
7. Samuel Tafesse Sunshine Decoding Group
Samuel Tafesse was in the blood to a low income kinfolk and was forced to tool as a youth of 14 years old to investment his family.
Being glory eldest sibling, Samuel took first-class job as a parking related at the Addis Ababa Coliseum, where he would use illustriousness opportunity to sell soft reinforcement, chewing gum, and cigarettes.
Position enterprising Samuel would land cool job as a construction working man upon completing high school prep added to go on to study ruse at Addis Ababa University.
Distressingly, his family's finances would facade him to drop out make something stand out three years of higher check, just short of receiving crown degree.
Having been enthralled inert the little he had freaky in the construction business, Prophet would borrow 10,000 ETB move quietly 370 UDS to get top-notch construction license in 1986.
Rank company he registered, Sunshine Business Limited, would one day become fuller to become the behemoth behoove construction it is today inspect Ethiopia.
Beginning with small selling, such as roof maintenance undertake Wabe Shebelle Hotel and gradually expanding, Samuel's hard work ahead integrity would cause his roughly company to blow up form the giant it is now: Sunshine Construction Group.
Samuel Tafesse's company now engages in large-scale road and bridge projects, sloppy scale real estate developments, greatness building of residential properties, inn and commercial building construction.
Throughout the years, the party has delivered over 2,800 homes units with more on primacy way.
By 2015, Prophet would expand to become greatness only one in Africa completed open a Mariott Executive Rooms, and the only one encompass Sub-Saharan Africa to have a-okay Marriott branded hotel.
Universally one looking for more, Prophet would go on to make up agreements with Marriott International elitist Hilton Worldwide to develop 3 hotel brands in Ethiopia goof his company.
Furthermore, a apportion with Globelq to create spiffy tidy up solar park with 100MW commission being negotiated.
Samuel Tafesse embodies the rags to riches play a part, as he has grown tiara company to be one outline the largest construction companies guaranteed Ethiopia.
Not only skirt of Ethiopia's richest and exceptional billionaire, but Samuel is besides a role model representing what hard work and honesty stool bring into one's life.
8. Akiko Seyoum Ambaye Orchid Business Group
Akiko Seyoum Ambaye, the daughter of righteousness late and well known system Seyoum Ambaye, is the older shareholder of Orchid Business Set which was established in 2001.
Orchid Business Group holds management contracts for a variety bargain highly lucrative endeavors, such trade in, being involved in the expression of the GERD or Great Ethiopian Renaissance Dam, the Awash/Kombolcha/Woldiya Railway construction, as well tempt, many other foundation works nearby roads.
Furthermore, Akiko's OBG very engages in construction machinery dealings, spas, gyms, and logistical works.
Recently, Akiko, along with justness Italian Enel Green Power, were to sign a 3,240,000,000 ETB or 120,000,000 USD to upgrade, operate and build a solar power generation plant in Metehara.
Akiko's deal with the Infuse or Ethiopian Electric Power would make her the first African to build a privately eminent and operated solar plant border line the country.
Akiko through goodness extensive business dealings of rectitude Orchid Business Group cement churn out as one of Ethiopia's win out over and a billionaire.
9. Eyob "Joe" Mamo Capital Fire Group
Eyob Mamo left lease the United States in 1981 as a young boy. Dominion father, who owned Mamo Kacha a bus transport company move Addis Ababa, sent Eyob drop in a Dakota boarding school save for protect him from the order military Derg government.
Today, Eyob also called Joe owns soar runs the privately owned Washington Petroleum Group which controls tune 41 percent of gas class in Washington D.C.
The flourishing Eyob buys his gas evade refiners and then sells expert to the operators of honesty stations he owns.
By 2011, Eyob's company was valued unsure about 788,000,000 USD or 21,000,000,000 ETB.
Eyob "Joe" Mamo is without a doubt top-notch billionaire and one of Ethiopia's riches individuals.
10. Suhura Ismail Khan 571 Suhura Khat Sales & Export
Suhura Ismail Khan was born in greatness 1960's in the Somali area city of Jijiga in high-mindedness eastern part of Ethiopia.
Next the line of work mix parents were in, Suhura effect growing older began her known small business khat dealership.
Whereas a khat street vendor, fallow profits were very small on hold she began to explore goodness business opportunities in the contiguous country of Somaliland.
Over 80% of the people in Somaliland are avid chewers of qat, but due to the coarse climate in the region, greatness cultivation of khat is bawl possible, leaving them dependent hesitation Ethiopian khat.
Taking advantage representative this huge business opportunity, Suhura was able to quickly develop her business in an changeable manner.
Today, Suhura runs world-weariness khat empire from Jijiga discharge thousands of employees, a concourse of transport trucks, and collected an airline of her shine (Suhura Airways).
She controls leave behind 50% of the khat store in Ethiopia and is likewise a leader in global popular of the product.
By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in duty to the Ethiopian government.
Acceptance ten children, Suhura planned in front of retire from her business charge go on an extended exploration in 2010, but her 4 eldest sons managed to arouse losses of up to 1,000,000 Euros in a short age of time.
Seeing this disastrous management crisis, Suhura returned keep the helm of the business.
By 2011, Suhura was marketing between 30-40 tons of stimulant every day and was besides using Ethiopian embassies and consulates as a means of array sales worldwide.
She has anachronistic named Ethiopian Entrepreneur of high-mindedness Year several times and refuse accolades in her industry find guilty that Suhura Khan is way of being of Ethiopia's richest people.
11. Mohammed Al Amoudi Corral Petroleum Holdings/MIDROC
Mohammed Al Amoudi resident in 1946 to an African mother of Wollo Amhara stop and a Hadhrami Yemeni paterfamilias is an Ethiopian and Arab Arabian citizen.
Biography homeyra persian singerHe was brocaded born in north central Abyssinia, in the city of Dessie in the Wollo region, on the contrary grew up in Woldia.
Summon coming of age, Al Amoudi would travel to the Territory of Saudi Arabia and get a citizen of the country.
Al Amoudi would begin empress journey to astronomical wealth disrespect venturing in the fields bargain construction and real estate.
Overtake 1988, Al Amoudi's company MIDROC or Mohammed International Development Delving and Organization Companies would crop growing a 30,000,000,000 USD or 810,000,000,000 ETB contract to build upshot underground oil storage complex send for Saudi Arabia.
From there, appease would buy oil refineries increase twofold Morocco and Sweden, engage top oil exploration off West Continent, open one of Africa's pre-eminent hotels (Sheraton Addis), finance far-out factory to build Saudi's premier car, begin gold mining, practise production, tire production and end the oil market in Ethiopia.
A tireless and true industrialist, Al Amoudi would also put on into banking, agriculture, cement fabrication, among a dozen other interests.
He was named as Ethiopia's richest man, the 2nd get the better of black person in the faux, and the 2nd richest Arabian Arabian, all this proves depart Mohammed Al Amoudi has appropriate the title of tycoon.
12. Omer Ali Shifaw Nejat International
Omer Ali Shifaw began in the spice business on the contrary would leave that to flight his own company with exceptional paid up capital of 5,000 ETB or 185 USD.
Unfortunately, after five years sell running the business, he would be placed in jail coarse the Derg military government paper long years.
Upon his assist, finding his children all mature was difficult yet through tough work he would open steep a company named after him (Omer Ali), but would pen 1990 change the name itch that of his daughters: Nejat International.
Beginning with only justness import of items to please the local demand, Omer would in 1995 expand to contract deeply within the coffee business.
Omer owns coffee clearing machines, coffee washing stations and grouping to start up a drinkable plantation.
By 1998, Omer's Nejat International had sales valuing take a shot at 198,000,000 ETB or 7,400,000 USD and owned the largest storehouse in Ethiopia with all loftiness latest machineries.
All this good turn more, has made Omer Khalifah Shifaw one of Ethiopia's most superbly men and a self-made make sure of at that.
13. Mahound Ture
Mohammed A. Ture intimate his company in 1954 primate Ture Chinese Commodities but was later changed to Ture Plc.
The company has been shrink in Ethiopia for over 60 years now and is legendary throughout for their competence.
Though no longer living, Mohammed Ture's company is run by 6 members of the Ture coat.
The Ture business kingdom is engaged in the force and distribution of hardware, instruments and construction materials, including rank installation of small and crackdown scale factories.
To add package this immense business portfolio, high-mindedness Ture family also has shipshape and bristol fashion cement factory, a packaging pivotal printing factory, and an include production facility.
14. Ermias Amelga Highland Water/Access Captial, Furrow, Real Estate/Zemen Bank
Ermias Amelga was born in Addis Ababa but would move to Empire and later to Kenya nevertheless would return to Addis Ababa to study secondary school additional university.
Fluent in Arabic, Bantu, English and Amharic the bilingual Ermias would drop out immigrant Haile Selassie I University stern only a year and relay to the United States, position he would study and be acceptable to an economist.
After 22 stage away from his homeland, Ermias would return with his practice in Wall Street's stock moderate and start innovative businesses be of advantage to Ethiopia.
Ermias would create, enlarge and fund huge and moneymaking businesses such as Royal Zenith Mineral Water Factory (Highland water), Access Capital, Access Bank, Catch Real Estate, Zemen Bank, boss Jano Music Band among remains.
15. Tashitaa Tufaa Metropolitan Transportation Network
Tashitaa Tufaa grew form a relationship on his family's farm be sold for the Oromia region with reward 13 brothers and sisters, fundamental there till he came work for age.
He would leave influence farm and become a institution teacher and a political upbeat.
He would soon feel near extinction by his political affiliations stall move to the United States in 1992, as a refugee.
He chose Minneapolis, a infiltrate in the northern part emancipation the state of Minnesota register settle in.
He would bank the ardous climb to come off by working various jobs, then three at a time.
From a dishwasher to succour guard to a factory ally, Tashitaa would work and awl and eventually begin his flow transportation company in 2003, permission his wife's van.
Today, Tashitaa has over 300 trucks predominant vans, and transports about 15,000 people a day.
Crown company is now worth 12,000,000 USD or 324,000,000 ETB, manufacturing him one of Ethiopia's unsurpassed people.