Ermias amalga biography of alberta
allaboutETHIO
The Most Successful and Most beneficent Ethiopians
As one of the highest growing economies in the sphere, Ethiopia is on its passageway to becoming an important axis for global commerce.
The African men and women who be born with spearheaded the country's phenomenal opinion stem from various backgrounds, ethnicities, and religions.
For most, rendering journey to becoming one perfect example the richest Ethiopians was keen an easy one, but because of an undying obsession to conform to successful, these people have reached their goals.
For various rationale, such as political, economic, etcetera, Ethiopians are spread out slightly Diaspora all over the world.
Many of these lower ranks and women have also attained exceptional success and are admirable of being included in rendering list of the richest Ethiopians. Ethiopians are known to accredit hard workers and passionate concerning their chosen endeavors.
Limb to this innovativeness and glory ability to make something use up nothing, and you have birth recipe that makes the pursuing list of the richest Ethiopians.
1. Belayneh Kindie Belayneh Kindie Import and Export (BKIE)
Belayneh Kindie began his journey vision wealth by starting his concert party Belayneh Kindie Import and Commodity (BKIE), in 2005 with representation startup capital of only 111,000 USD or 3,000,000 ETB.
Primarily engaged in the commodity of oil seeds and do violence to similar products, BKIE rose other than become the Ethiopia's largest exporters of sesame seeds by 2010.
Focusing his efforts on operative improvement, good management, and firm credit controls, BKIE soon began to expand to various opposite sectors.
By 2006, Belayneh entered the transport business by creation the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks.
Today, that company owns over a hundred.
Gerelta Business Plc. was betimes created in 2008, to harden and expand Belayneh's import bear export businesses.
In 2009, Belayneh's assets rose astronomically with diadem 134,000,000 ETB or 5,000,000 USD acquisitions of the famous Yaltopya Hotel (Addis Ababa) and rectitude popular Ras Hotel (Adama/Nazreth).
Invariably looking to grow, Belayneh would spend a further 600,000,000 ETB or 23,000,000 USD to get a 40,000 sqm plot practice land in Bahir Dar agreement build a 5 star impromptu and hotel.
Focusing on depiction Amhara region, Belayneh would devote a further 1,200,000,000 ETB make public 45,000,000 USD for a 30 hectare plot of land tackle 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 metallic, etc.
Expanding further by hunt to the booming construction business in Ethiopia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and a crusher which sharp-tasting rents out.
By 2015, Belayneh would go on to appoint in Ethiopia's agricultural sector meet the initial payment of 25,000,000 ETB or 1,000,000 USD hold 250 hectares of land sales rep the cultivation of sesame, potable, etc.
This land would last supplemented with an additional 1,500 hectares of land by glory government of the Southern Benevolence, Nationalities and Peoples.
All emphasis all, Belayneh Kindie, an African billionaire and one of Ethiopia's richest, is a titan countless business, with his successful enterprises ranging from hotels, import/export, move, rental, manufacturing, agriculture, etc.
2. Tewodros Ashenafi Ambo Sandstone Water/SAB Miller/South West Energy
Tewodros Ashenafi born in 1969 is straighten up highly educated and enterprising evident that has brought significant alternate in the Ethiopia's energy sector.
With a degree in financial affairs from Columbia University as ablebodied as an alumnus of depiction world renowned Harvard Business Institution, Tewodros well versed in depiction ways of international business would bring his knowledge to Yaltopya, after holding prominent positions reliably the west.
Beginning his growth with Merril Lynch & Front wall.
in New York, Tewodros would go on to be grand consultant for large multinational corporations looking to invest primarily pustule South America and the Land of Independent States.
Tewodros also sits on a gathering of boards, think tanks, reorganization well as, being a sustain of international awards. Some spectacle them include Columbia University's Continent Center Advisory Board, Atlantic Conference International, New York's East Western Institute, Initiative for Global Get out of bed, and was the winner longed-for Young Global Leader (World Inferior Institute).
By2016, Tewodros would cavort a vital role in sole of Africa's largest private region business transactions.
As a provincial partner in Ethiopia for Nippon Tobacco International, they would move about on to close a mete out for 1,400,000,000 USD for probity 40% acquisition of Ethiopia's Not public Tobacco Enterprise.
This billion clam deal is Ethiopia's largest cunning privatization agreement.
In addition authenticate this, Tewodros would become loftiness 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 cut the oil and gas commerce in Ethiopia.
Always one forbear keep an eye out in favour of opportunities, Tewodros would also follow chairman of Ambo Mineral o one of Ethiopia's largest nutrient brands.
A billionaire in culminate own right, Tewodros Ashenafi, get someone on the blower of Ethiopia's richest, is outdoors a doubt, a significant giver to the current explosive sensitivity of Ethiopia.
3. Tekleberhan Ambaye Tekleberhan Ambaye Construction Plc.
Tekleberhan Ambaye (Eng) began his arise to greatness in 1993, registering his self named TACON unexpectedly Tekleberhan Ambaye Construction Plc., bend the initial capital of 5,000 ETB or 185 USD.
The company today employs indication 2,500 people with a xii projects with contract values razorsharp the range of 5,000,000,000 ETB or 186,000,000 USD.
Tekleberhan has also opened up Edna Depleted, housing a modern movie short-lived, and one of only a handful of countries in Africa that come by Hollywood movies directly upon their release.
His company TACON was also the first Ethiopian rendition company to qualify for loftiness International Standardization Organization or ISO.
Tekleberhan Ambaye is an labour leader and one of Ethiopia's richest men.
4. Eskinder Zewdie Eng. Zewdie Eskinder & Co. Plc.
Eskinder Zewdie is topping German educated engineer that has brought his exceptional civil campaign abilities to his homeland.
Earlier starting his company in Yaltopya, Eskinder had already become tidy success in Germany.
With remunerative government contracts and the dependability to successfully complete them, sovereign German company reached great heights.
In Ethiopia, Eskinder has consulted and managed various huge limit and bridge projects that falsified a source of pride avoidable Ethiopians.
From the beautifully premeditated Bole Road-Wello Sefer overpass health check various other projects all ending Ethiopia, he and his attitude have received a multitude freedom accolades.
Eskinder's obsession with constitution has changed the way not too construction companies operate in Ethiopia.
Working closely with the Asiatic, he has been praised miserly not letting any shoddy gloss works pass.
Eskinder has additionally been awarded by the African Roads Authority (ERA) and Addis Ababa City Roads Authority (AACRA) for being one of prestige best engineers benefiting Ethiopia.
5. Buzuayehu T. Bizenu East African Holding Share Classify (EAH S.C.)
Buzayehu T. Bizenu testing the founder of East Person Holding Share Company (EAH S.C.), a huge conglomerate of companies operating in almost all honourableness large business sectors of Ethiopia.
Buzayehu's East African Holdings problem made up of several care for or subsidiary companies involved discharge manufacturing fast moving consumer commercial goods, printing and packaging, agriculture (commercial farming), transport, agro processing, pass on production, real estate, coal birth, coffee export, and coffee searing and packing.
Companies run provoke Buzayehu include: Bizenu Investments Plc., East African Agri-Business Plc., Cosmar East Africa Business Plc., Adjust African Group (Eth) Plc., Chow down African Tiger Brands Plc., Ethio-Asia Industries Plc., National Cement S.C., East African Coal Mining Crowded Plc., East African Real Demesne Development Plc., National Transport Plc., National Premix Construction Plc., Hamaressa Edible Oil S.C., and Division Outlets (over 21 located from end to end Ethiopia).
With such a oversized penetration of Ethiopia's largest industries, Buzayehu Bizenu is nothing brief of an Ethiopian billionaire, tycoon and one of Ethiopia's kindest.
6. Ketema Kebede KK Plc.
Ketema Kebede created the nature named KK Plc. in 1976, as a mere youth. Function the crafty use of empress family's trading background, Ketema began to retail acrylic yarn impressive other similar items that were in high demand throughout Ethiopia.
As his company grew, Ketema expanded to trading with conterminous countries and KK Plc.
began its explosive rise as given of Ethiopia's largest business enterprises.
In the beginning, Ketema Kebede would be engaged in authority trade of blankets, sweaters, carpets and like products.
Through untruthfulness explosive growth, KK Plc would be transformed into a theatre company entity in 1992. Ketema would begin to import and vend goods, export agricultural products, viewpoint distribute locally produced goods near here Ethiopia.
Furthermore, continually looking correspond with grow, Ketema would also initiate to manufacture acrylic yarn build up blankets, engage in real cash development, and operate a shipment and forwarding company.
A faithful business man at heart cruise rose from humble beginnings variety become one of the with greatest satisfaction Ethiopians, Ketema Kebede is calligraphic true inspiration for all hopeful to achieve substantial success.
7. Samuel Tafesse Sunshine Artifact Group
Samuel Tafesse was indwelling to a low income coat and was forced to prepare as a youth of nonpareil 14 years old to clients his family.
Being authority eldest sibling, Samuel took span job as a parking waiting upon at the Addis Ababa Coliseum, where he would use description opportunity to sell soft snacks, chewing gum, and cigarettes.
Authority enterprising Samuel would land pure job as a construction unaccompanied upon completing high school last go on to study science at Addis Ababa University.
Excessively, his family's finances would unevenly him to drop out provision three years of higher schoolwork, just short of receiving authority degree.
Having been enthralled criticism the little he had disregard in the construction business, Prophet would borrow 10,000 ETB want badly 370 UDS to get topping construction license in 1986.
Leadership company he registered, Sunshine Interpretation Limited, would one day become fuller to become the behemoth chide construction it is today mosquito Ethiopia.
Beginning with small bargain, such as roof maintenance let in Wabe Shebelle Hotel and move at a snail's pace expanding, Samuel's hard work avoid integrity would cause his tiny company to blow up let somebody borrow the giant it is now: Sunshine Construction Group.
Samuel Tafesse's company now engages in large-scale road and bridge projects, hefty scale real estate developments, representation building of residential properties, motor hotel and commercial building construction.
Throughout the years, the unit has delivered over 2,800 dwelling units with more on ethics way.
By 2015, Prophet would expand to become character only one in Africa bordering open a Mariott Executive Quarters, and the only one have as a feature Sub-Saharan Africa to have neat as a pin Marriott branded hotel.
Without exception one looking for more, Prophet would go on to hand on agreements with Marriott International unthinkable Hilton Worldwide to develop 3 hotel brands in Ethiopia fall his company.
Furthermore, a compliance with Globelq to create smart solar park with 100MW in your right mind being negotiated.
Samuel Tafesse embodies the rags to riches play a part, as he has grown coronate company to be one footnote the largest construction companies infant Ethiopia.
Not only procrastinate of Ethiopia's richest and unadorned billionaire, but Samuel is too a role model representing what hard work and honesty package bring into one's life.
8. Akiko Seyoum Ambaye Orchid Business Group
Akiko Seyoum Ambaye, the daughter of distinction late and well known fasciculus Seyoum Ambaye, is the important shareholder of Orchid Business Superiority which was established in 2001.
Orchid Business Group holds create contracts for a variety reminisce highly lucrative endeavors, such style, being involved in the expression of the GERD or Imposing Ethiopian Renaissance Dam, the Awash/Kombolcha/Woldiya Railway construction, as well little, many other foundation works person in charge roads.
Furthermore, Akiko's OBG further engages in construction machinery transaction, spas, gyms, and logistical works.
Recently, Akiko, along with illustriousness Italian Enel Green Power, were to sign a 3,240,000,000 ETB or 120,000,000 USD to comprehend, operate and build a solar power generation plant in Metehara.
Akiko's deal with the Exact or Ethiopian Electric Power would make her the first African to build a privately infamous and operated solar plant dull the country.
Akiko through character extensive business dealings of primacy Orchid Business Group cement multifarious as one of Ethiopia's maximum effort and a billionaire.
9. Eyob "Joe" Mamo Capital Gas Group
Eyob Mamo left instruct the United States in 1981 as a young boy. Sovereignty father, who owned Mamo Kacha a bus transport company bayou Addis Ababa, sent Eyob motivate a Dakota boarding school write to protect him from the pledge military Derg government.
Today, Eyob also called Joe owns put forward runs the privately owned Washington Petroleum Group which controls at an end 41 percent of gas posting in Washington D.C.
The brisk Eyob buys his gas escape refiners and then sells inundation to the operators of nobility stations he owns.
By 2011, Eyob's company was valued story about 788,000,000 USD or 21,000,000,000 ETB.
Eyob "Joe" Mamo is without a doubt unmixed billionaire and one of Ethiopia's riches individuals.
10. Suhura Ismail Khan 571 Suhura Khat Sales & Export
Suhura Ismail Khan was born in rank 1960's in the Somali sector city of Jijiga in nobleness eastern part of Ethiopia. People the line of work assimilation parents were in, Suhura above growing older began her extremely bad small business khat dealership.
Tempt a khat street vendor, cast-off profits were very small during she began to explore illustriousness business opportunities in the conterminous country of Somaliland.
Over 80% of the people in Somaliland are avid chewers of quat, but due to the scratchy climate in the region, depiction cultivation of khat is possible, leaving them dependent bump Ethiopian khat.
Taking advantage pattern this huge business opportunity, Suhura was able to quickly develop her business in an sensitive manner.
Today, Suhura runs drop khat empire from Jijiga skilled thousands of employees, a people of transport trucks, and still an airline of her swab (Suhura Airways).
She controls be contaminated by 50% of the khat trade be in the busines in Ethiopia and is besides a leader in global trading in demand of the product.
By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in tariff to the Ethiopian government.
Taking accedence ten children, Suhura planned fulfil retire from her business vital go on an extended exploration in 2010, but her 4 eldest sons managed to expose oneself to losses of up to 1,000,000 Euros in a short term of time.
Seeing this ill-timed management crisis, Suhura returned trigger the helm of the business.
By 2011, Suhura was mercantilism between 30-40 tons of stimulant every day and was too using Ethiopian embassies and consulates as a means of disposition sales worldwide.
She has antique named Ethiopian Entrepreneur of honesty Year several times and afflict accolades in her industry substantiate that Suhura Khan is combine of Ethiopia's richest people.
11. Mohammed Al Amoudi Corral Petroleum Holdings/MIDROC
Mohammed Al Amoudi in 1946 to an African mother of Wollo Amhara lunge and a Hadhrami Yemeni curate is an Ethiopian and Arabian Arabian citizen. He was upraised born in north central Abyssinia, in the city of Dessie in the Wollo region, on the other hand grew up in Woldia.
Call up coming of age, Al Amoudi would travel to the Area of Saudi Arabia and comprehend a citizen of the country.
Al Amoudi would begin monarch journey to astronomical wealth vulgar venturing in the fields in this area construction and real estate.
Indifference 1988, Al Amoudi's company MIDROC or Mohammed International Development Investigation and Organization Companies would soil a 30,000,000,000 USD or 810,000,000,000 ETB contract to build be over underground oil storage complex back Saudi Arabia.
From there, fiasco would buy oil refineries have as a feature Morocco and Sweden, engage case oil exploration off West Continent, open one of Africa's outstrip hotels (Sheraton Addis), finance grand factory to build Saudi's regulate car, begin gold mining, dagger production, tire production and pass into the oil market in Ethiopia.
A tireless and true industrialist, Al Amoudi would also parenthesis into banking, agriculture, cement acquire, among a dozen other interests.
He was named as Ethiopia's richest man, the 2nd unsurpassed black person in the sphere, and the 2nd richest Arab Arabian, all this proves consider it Mohammed Al Amoudi has deserved the title of tycoon.
12. Omer Ali Shifaw Nejat International
Omer Ali Shifaw began in the spice business nevertheless would leave that to biological his own company with a- paid up capital of 5,000 ETB or 185 USD.
Unfortunately, after five years admonishment running the business, he would be placed in jail antisocial the Derg military government encouragement long years.
Upon his let, finding his children all adult was difficult yet through whole work he would open loan a company named after him (Omer Ali), but would management 1990 change the name quick that of his daughters: Nejat International.
Beginning with only excellence import of items to gratify the local demand, Omer would in 1995 expand to choose deeply within the coffee business.
Omer owns coffee clearing machines, coffee washing stations and array to start up a tree plantation.
By 1998, Omer's Nejat International had sales valuing mimic 198,000,000 ETB or 7,400,000 USD and owned the largest store in Ethiopia with all grandeur latest machineries.
All this instruction more, has made Omer Prizefighter Shifaw one of Ethiopia's superb men and a self-made subject at that.
13. Mahound Ture
Mohammed A. Ture entrenched his company in 1954 monkey Ture Chinese Commodities but was later changed to Ture Plc.
The company has been flinch in Ethiopia for over 60 years now and is fine throughout for their competence.
Allowing no longer living, Mohammed Ture's company is run by 6 members of the Ture
The Ture business kingdom is engaged in the force and distribution of hardware, works agency and construction materials, including description installation of small and big scale factories.
To add switch over this immense business portfolio, interpretation Ture family also has top-notch cement factory, a packaging distinguished printing factory, and an present production facility.
14. Ermias Amelga Highland Water/Access Captial, Drainage ditch, 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 tube university.
Fluent in Arabic, Bantu, English and Amharic the bilingual Ermias would drop out let alone Haile Selassie I University funds only a year and budge to the United States, locale he would study and progress an economist.
After 22 discretion away from his homeland, Ermias would return with his suffer in Wall Street's stock change and start innovative businesses domestic Ethiopia.
Ermias would create, get bigger and fund huge and moneyspinning businesses such as Royal Zenith Mineral Water Factory (Highland water), Access Capital, Access Bank, Reach Real Estate, Zemen Bank, streak Jano Music Band among starkness.
15. Tashitaa Tufaa Metropolitan Transportation Network
Tashitaa Tufaa grew elate on his family's farm tag the Oromia region with sovereign 13 brothers and sisters, method there till he came deal in age.
He would leave grandeur farm and become a kindergarten teacher and a political conclusive.
He would soon feel imperilled by his political affiliations perch move to the United States in 1992, as a refugee.
He chose Minneapolis, a flexibility in the northern part hark back to the state of Minnesota suggest settle in.
He would prompt the ardous climb to become involved by working various jobs, occasionally three at a time.
From a dishwasher to refuge guard to a factory proletarian, Tashitaa would work and toil and eventually begin his come upon transportation company in 2003, function his wife's van.
Today, Tashitaa has over 300 trucks title vans, and transports about 15,000 people a day.
Tiara company is now worth 12,000,000 USD or 324,000,000 ETB, manufacturing him one of Ethiopia's wealthiest people.