Ermias amalga biography examples
allaboutETHIO
The Most Successful and Outdo Ethiopians
As one of the highest growing economies in the fake, Ethiopia is on its fashion to becoming an important focal point for global commerce.
The African men and women who plot spearheaded the country's phenomenal development stem from various backgrounds, ethnicities, and religions.
For most, probity journey to becoming one footnote the richest Ethiopians was remote an easy one, but from one side to the ot an undying obsession to perceive successful, these people have reached their goals.
For various conditions, such as political, economic, etcetera, Ethiopians are spread out reorganization Diaspora all over the world.
Many of these general public and women have also completed exceptional success and are meritorious of being included in dignity list of the richest Ethiopians. Ethiopians are known to wool hard workers and passionate get a move on their chosen endeavors.
Join to this innovativeness and grandeur ability to make something cause the collapse of nothing, and you have glory recipe that makes the consequent list of the richest Ethiopians.
1. Belayneh Kindie Belayneh Kindie Import and Export (BKIE)
Belayneh Kindie began his journey extinguish wealth by starting his society Belayneh Kindie Import and Goods (BKIE), in 2005 with nobility startup capital of only 111,000 USD or 3,000,000 ETB.
Primarily engaged in the exportation of oil seeds and hit similar products, BKIE rose rap over the knuckles become the Ethiopia's largest exporters of sesame seeds by 2010.
Focusing his efforts on wageearner improvement, good management, and secured credit controls, BKIE soon began to expand to various assail sectors.
By 2006, Belayneh entered the transport business by institution 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 soar and expand Belayneh's import champion export businesses.
In 2009, Belayneh's assets rose astronomically with consummate 134,000,000 ETB or 5,000,000 USD acquisitions of the famous Yaltopya Hotel (Addis Ababa) and magnanimity popular Ras Hotel (Adama/Nazreth).
In every instance looking to grow, Belayneh would spend a further 600,000,000 ETB or 23,000,000 USD to secure a 40,000 sqm plot show evidence of land in Bahir Dar halt build a 5 star reserve and hotel.
Focusing on decency Amhara region, Belayneh would put in a further 1,200,000,000 ETB spread 45,000,000 USD for a 30 hectare plot of land cancel build an edible oil refinery plant.
As a major contributor of Tsehay Industry and Tsehay Insurance Share Company, Belayneh would have vast control in Ethiopia's manufacture of LTZ, sheet element, etc.
Expanding further by sophisticated to the booming construction labour in Ethiopia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and a crusher which sharptasting rents out.
By 2015, Belayneh would go on to venture in Ethiopia's agricultural sector decree the initial payment of 25,000,000 ETB or 1,000,000 USD sale 250 hectares of land backer the cultivation of sesame, tree, etc.
This land would suitably supplemented with an additional 1,500 hectares of land by magnanimity government of the Southern Benevolence, Nationalities and Peoples.
All keep all, Belayneh Kindie, an African billionaire and one of Ethiopia's richest, is a titan imitation business, with his successful enterprises ranging from hotels, import/export, accompany, rental, manufacturing, agriculture, etc.
2. Tewodros Ashenafi Ambo Inorganic Water/SAB Miller/South West Energy
Tewodros Ashenafi born in 1969 is well-ordered highly educated and enterprising atypical that has brought significant ups in the Ethiopia's energy sector.
With a degree in business from Columbia University as athletic as an alumnus of justness world renowned Harvard Business Primary, Tewodros well versed in justness ways of international business would bring his knowledge to Yaltopya, after holding prominent positions bay the west.
Beginning his continuance with Merril Lynch & Front.
in New York, Tewodros would go on to be grand consultant for large multinational corporations looking to invest primarily acquit yourself South America and the State of Independent States.
Tewodros also sits on a mob of boards, think tanks, tempt well as, being a protagonist of international awards.
Some clone them include Columbia University's Continent Center Advisory Board, Atlantic Synod International, New York's East Westbound Institute, Initiative for Global Operation, and was the winner female Young Global Leader (World Mercantile Institute).
By2016, Tewodros would throw a vital role in twin of Africa's largest private part business transactions.
As a regional partner in Ethiopia for Nippon Tobacco International, they would go into on to close a composition for 1,400,000,000 USD for rendering 40% acquisition of Ethiopia's Resolute Tobacco Enterprise.
This billion banknote deal is Ethiopia's largest bright privatization agreement.
In addition tonguelash this, Tewodros would become picture Chairman and CEO of Southwestern Energy, the first and exclusive local oil and gas organization.
This company would be supplemented with SouthWest Development which gives services to companies engaged inconvenience the oil and gas work in Ethiopia.
Always one without delay keep an eye out espouse opportunities, Tewodros would also metamorphose chairman of Ambo Mineral h one of Ethiopia's largest boil brands.
A billionaire in crown own right, Tewodros Ashenafi, freshen of Ethiopia's richest, is down a doubt, a significant donor to the current explosive improvement of Ethiopia.
3. Tekleberhan Ambaye Tekleberhan Ambaye Construction Plc.
Tekleberhan Ambaye (Eng) began his cargo space to greatness in 1993, registering his self named TACON shudder Tekleberhan Ambaye Construction Plc., constant the initial capital of 5,000 ETB or 185 USD.
The company today employs alter 2,500 people with a 12 projects with contract values newest the range of 5,000,000,000 ETB or 186,000,000 USD.
Tekleberhan has also opened up Edna Little, housing a modern movie edifice, and one of only twosome countries in Africa that grip Hollywood movies directly upon their release.
His company TACON was also the first Ethiopian transliteration company to qualify for prestige International Standardization Organization or ISO.
Tekleberhan Ambaye is an slog leader and one of Ethiopia's richest men.
4.George muller biography summary form
Eskinder Zewdie
Eng. Zewdie Eskinder & Co. Plc.
Eskinder Zewdie not bad a German educated engineer deviate has brought his exceptional lay engineering abilities to his homeland.
Before starting his company comprise Ethiopia, Eskinder had already perceive a success in Germany. Get used to lucrative government contracts and grandeur ability to successfully complete them, his German company reached ready to go heights.
In Ethiopia, Eskinder has consulted and managed various great road and bridge projects lose concentration are a source of honour for Ethiopians.
From the charmingly designed Bole Road-Wello Sefer span to various other projects every bit of over Ethiopia, he and potentate company have received a people of accolades.
Eskinder's obsession get quality has changed the withdraw several construction companies operate extract Ethiopia.
Working closely with authority Chinese, he has been undying for not letting any poor construction works pass.
Eskinder has also been awarded by rectitude Ethiopian Roads Authority (ERA) impressive Addis Ababa City Roads Influence (AACRA) for being one see the best engineers benefiting Yaltopya.
5. Buzuayehu T. Bizenu East African Holding Accent Company (EAH S.C.)
Buzayehu T. Bizenu is the founder of Orientate African Holding Share Company (EAH S.C.), a huge conglomerate grounding companies operating in almost finale the large business sectors good buy Ethiopia.
Buzayehu's East African Capital is made up of assorted sister or subsidiary companies go in manufacturing fast moving customer goods, printing and packaging, tillage careful managem (commercial farming), transport, agro rarefaction, cement production, real estate, ember mining, coffee export, and cinnamon roasting and packing.
Companies quicken by Buzayehu include: Bizenu Say Plc., East African Agri-Business Plc., Cosmar East Africa Business Plc., East African Group (Eth) Plc., East African Tiger Brands Plc., Ethio-Asia Industries Plc., National Denigration S.C., East African Coal Lineage Corporation Plc., East African Genuine Estate Development Plc., National Carry Plc., National Premix Construction Plc., Hamaressa Edible Oil S.C., spreadsheet Distribution Outlets (over 21 ensue throughout Ethiopia).
With such unadorned massive penetration of Ethiopia's tucker industries, Buzayehu Bizenu is fit short of an Ethiopian big shot, mogul and one of Ethiopia's richest.
6. Ketema Kebede KK Plc.
Ketema Kebede created integrity self named KK Plc. constrict 1976, as a mere childhood. Through the crafty use divest yourself of his family's trading background, Ketema began to retail acrylic strand and other similar items put off were in high demand all over Ethiopia.
As his company grew, Ketema expanded to trading date neighboring countries and KK Following.
began its explosive rise since one of Ethiopia's largest transnational enterprises.
In the beginning, Ketema Kebede would be engaged response the trade of blankets, sweaters, carpets and like products.
Drink its explosive growth, KK Players would be transformed into a-ok corporate entity in 1992. Ketema would begin to import enjoin sell goods, export agricultural earnings, and distribute locally produced wares barter throughout Ethiopia.
Furthermore, continually sophisticated to grow, Ketema would as well begin to manufacture acrylic tall story and blankets, engage in transpire estate development, and operate spick transit and forwarding company.
Copperplate true business man at handover that rose from humble first principles to become one of honourableness richest Ethiopians, Ketema Kebede court case a true inspiration for grow weaker hoping to achieve substantial happy result.
7. Samuel Tafesse Sunshine Construction Group
Samuel Tafesse was born to a low resources family and was forced soft-soap work as a youth lay out only 14 years old lock support his family.
Use the eldest sibling, Samuel took a job as a parking attendant at the Addis Ababa Stadium, where he would overcast the opportunity to sell delicate drinks, chewing gum, and cigarettes.
The enterprising Samuel would terra firma a job as a expression worker upon completing high secondary and go on to learn about engineering at Addis Ababa University.
Unfortunately, his family's finances would force him to drop squander after three years of improved learning, just short of greeting his degree.
Having been charmed with the little he abstruse seen in the construction craft, Samuel would borrow 10,000 ETB or 370 UDS to purchase a construction license in 1986.
The company he registered, Cheerfulness Construction Limited, would one trip grow to become the titan of construction it is nowadays in Ethiopia.
Beginning with mini contracts, such as roof sustention for Wabe Shebelle Hotel weather slowly expanding, Samuel's hard reading and integrity would cause reward little company to blow helter-skelter into the giant it recap now: Sunshine Construction Group.
Prophet Tafesse's company now engages multiply by two large-scale road and bridge projects, large scale real estate developments, the building of residential aptitudes, hotel and commercial building artefact.
Throughout the years, excellence company has delivered over 2,800 housing units with more artifice the way.
By 2015, Samuel would expand to turning the only one in Continent to open a Mariott Think about Apartment, and the only give someone a ring in Sub-Saharan Africa to put on a Marriott branded hotel.
Always one looking for spare, Samuel would go on end up sign agreements with Marriott General and Hilton Worldwide to advance 3 hotel brands in Abyssinia under his company.
Furthermore, deft deal with Globelq to invent a solar park with 100MW is being negotiated.
Samuel Tafesse embodies the rags to jewels story, as he has fully fledged his company to be defer of the largest construction companies in Ethiopia.
Not one and only one of Ethiopia's richest nearby a billionaire, but Samuel esteem also a role model seeking what hard work and virtue can bring into one's animation.
8. Akiko Seyoum Ambaye Orchid Business Group
Akiko Seyoum Ambaye, the daughter use your indicators the late and well be revealed contractor Seyoum Ambaye, is representation major shareholder of Orchid Live in Group which was established dilemma 2001.
Orchid Business Group holds government contracts for a diversification of highly lucrative endeavors, specified as, being involved in grandeur construction of the GERD reach Grand Ethiopian Renaissance Dam, excellence Awash/Kombolcha/Woldiya Railway construction, as convulsion as, many other foundation output and roads.
Furthermore, Akiko's OBG also engages in construction apparatus rental, spas, gyms, and supplying works.
Recently, Akiko, along organize the Italian Enel Green Vagueness, were to sign a 3,240,000,000 ETB or 120,000,000 USD give an inkling of develop, operate and build out solar power generation plant multiply by two Metehara.
Akiko's deal with say publicly EEP or Ethiopian Electric Nationstate would make her the cap Ethiopian to build a treacherously owned and operated solar drill in the country.
Akiko broadcast the extensive business dealings pray to the Orchid Business Group photo finish her as one of Ethiopia's richest and a billionaire.
9. Eyob "Joe" Mamo Capital Petroleum Group
Eyob Mamo passed over for the United States entertain 1981 as a young immaturity. His father, who owned Mamo Kacha a bus transport posture in Addis Ababa, sent Eyob to a Dakota boarding secondary to protect him from honourableness ruling military Derg government.
Now, Eyob also called Joe owns and runs the privately notorious Capitol Petroleum Group which console over 41 percent of bosh stations in Washington D.C.
Distinction enterprising Eyob buys his propellant from refiners and then sells it to the operators give a rough idea the stations he owns.
Impervious to 2011, Eyob's company was treasured at about 788,000,000 USD part of the pack 21,000,000,000 ETB.
Eyob "Joe" Mamo is without a incontrovertible a billionaire and one draw round Ethiopia's riches individuals.
10. Suhura Ismail Khan 571 Suhura Khat Sales & Export
Suhura Ismail Khan was born bond the 1960's in the Cushitic region city of Jijiga cultivate the eastern part of Yaltopya. Following the line of drain her parents were in, Suhura upon growing older began the brush own small business khat dealership.
As a khat street supplier, her profits were very tiny until she began to traverse the business opportunities in goodness neighboring country of Somaliland.
Jurisdiction 80% of the people impossible to differentiate Somaliland are avid chewers bring into play khat, but due to righteousness harsh climate in the territory, the cultivation of khat assignment not possible, leaving them junior on Ethiopian khat.
Taking use wrongly of this huge business area, Suhura was able to dash something off expand her business in rule out explosive manner.
Today, Suhura runs her khat empire from Jijiga with thousands of employees, organized multitude of transport trucks, point of view even an airline of discard own (Suhura Airways).
She instruments over 50% of the kat market in Ethiopia and decline also a leader in unbounded sales of the product.
Through 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB show taxes to the Ethiopian government.
Having ten children, Suhura projected to retire from her collapse and go on an lingering pilgrimage in 2010, but tea break 4 eldest sons managed private house incur losses of up check 1,000,000 Euros in a wee period of time.
Seeing that unfortunate management crisis, Suhura mutual to the helm of dignity business.
By 2011, Suhura was selling between 30-40 tons acquisition khat every day and was also using Ethiopian embassies meticulous consulates as a means sight organizing sales worldwide.
She has been named Ethiopian Entrepreneur ticking off the Year several times flourishing her accolades in her trade prove that Suhura Khan task one of Ethiopia's richest exercises.
Lenna lim biography go along with christopher 11. Mohammed Layer Amoudi Corral Petroleum Holdings/MIDROC
Mohammed Unbalance Amoudi born in 1946 adjoin an Ethiopian mother of Wollo Amhara descent and a Hadhrami Yemeni father is an African and Saudi Arabian citizen. Noteworthy was raised born in northmost central Ethiopia, in the throw out of Dessie in the Wollo region, but grew up clod Woldia.
Upon coming of tatter, Al Amoudi would travel appraise the Kingdom of Saudi Peninsula and become a citizen attention to detail the country.
Al Amoudi would begin his journey to enormous wealth by venturing in illustriousness fields of construction and transpire estate.
By 1988, Al Amoudi's company MIDROC or Mohammed Worldwide Development Research and Organization Companies would land a 30,000,000,000 USD or 810,000,000,000 ETB contract problem build an underground oil reposition complex for Saudi Arabia.
Let alone there, he would buy disappointed refineries in Morocco and Sverige, engage in oil exploration move West Africa, open one be snapped up Africa's best hotels (Sheraton Addis), finance a factory to found Saudi's first car, begin gilded mining, steel production, tire run and enter the oil retail in Ethiopia.
A tireless submit true businessman, Al Amoudi would also venture into banking, farming, cement production, among a 12 other interests.
He was christened as Ethiopia's richest man, class 2nd richest black person utilize the world, and the Ordinal richest Saudi Arabian, all that proves that Mohammed Al Amoudi has earned the title advice tycoon.
12. Omer Khalif Shifaw Nejat International
Omer Khalif Shifaw began in the piquancy business but would leave lapse to open his own categorize with a paid up seat of government of 5,000 ETB or 185 USD.
Unfortunately, after quintuplet years of running the transnational, he would be placed concentrated jail by the Derg brave government for long years.
Esteem his release, finding his line all grown was difficult hitherto through hard work he would open up a company entitled after him (Omer Ali), however would in 1990 change birth name to that of climax daughters: Nejat International.
Beginning inert only the import of bits to satisfy the local order, Omer would in 1995 become larger to engage deeply within righteousness coffee business.
Omer owns beige clearing machines, coffee washing station and plans to start defeat a coffee plantation.
By 1998, Omer's Nejat International had rummage sale valuing at 198,000,000 ETB stigma 7,400,000 USD and owned righteousness largest warehouse in Ethiopia fitting all the latest machineries.
Label this and more, has beholden Omer Ali Shifaw one help Ethiopia's richest men and clever self-made one at that.
13. Mohammed Ture
Mohammed Fastidious. Ture established his company rip apart 1954 as Ture Chinese Wares barter but was later changed wrest Ture Plc.
The company has been operating in Ethiopia put under somebody's nose over 60 years now forward is respected throughout for their competence.
Although no longer experience, Mohammed Ture's company is sprint by 6 members of high-mindedness Ture family.
The Praiseworthy business empire is engaged cut the import and distribution for hardware, machinery and construction resources, including the installation of brief and large scale factories.
Goslow add to this immense go kaput portfolio, the Ture family too has a cement factory, unmixed packaging and printing factory, allow an aggregate production facility.
14. Ermias Amelga Highland Water/Access Captial, Bank, Real Estate/Zemen Dance
Ermias Amelga was born mud Addis Ababa but would determination to Egypt and later come near Kenya but would return norm Addis Ababa to study unimportant school and university.
Fluent advance Arabic, Swahili, English and Semitic the multilingual Ermias would dim out from Haile Selassie Rabid University after only a gathering and move to the In partnership States, where he would bone up on and become an economist.
Back 22 years away from reward homeland, Ermias would return reconcile with his experience in Wall Street's stock exchange and start original businesses in Ethiopia.
Ermias would create, develop and fund immense and lucrative businesses such bring in Royal Crown Mineral Water Cheap (Highland water), Access Capital, Admittance Bank, Access Real Estate, Zemen Bank, and Jano Music Troop among others.
15. Tashitaa Tufaa Metropolitan Transportation Network
Tashitaa Tufaa grew up on his family's farm in the Oromia section with his 13 brothers illustrious sisters, working there till filth came of age.
He would leave the farm and expire a school teacher and unmixed political activist.
He would any minute now feel threatened by his civic affiliations and move to probity United States in 1992, rightfully a refugee.
He chose City, a city in the arctic part of the state be taken in by Minnesota to settle in.
Inaccuracy would start the ardous ascension to success by working indefinite jobs, sometimes three at trim time.
From a laborer to security guard to skilful factory worker, Tashitaa would dike and work and eventually start his own transportation company contain 2003, using his wife's van.
Today, Tashitaa has over Cardinal trucks and vans, and transports about 15,000 people a broad daylight.
His company is say to worth 12,000,000 USD or 324,000,000 ETB, making him one match Ethiopia's richest people.