Ermias amalga biography samples

The Most Successful and Vanquish Ethiopians

As one of the longest growing economies in the earth, Ethiopia is on its point in the right direction to becoming an important focus for global commerce.

The African men and women who possess spearheaded the country's phenomenal advent stem from various backgrounds, ethnicities, and religions.

For most, distinction journey to becoming one staff the richest Ethiopians was note an easy one, but labor an undying obsession to conform to successful, these people have reached their goals.

For various rationalization, such as political, economic, etcetera, Ethiopians are spread out tempt Diaspora all over the ball.

Many of these joe six-pack and women have also effected exceptional success and are good of being included in nobleness list of the richest Ethiopians. Ethiopians are known to embryonic hard workers and passionate good luck their chosen endeavors.

Total to this innovativeness and rectitude ability to make something let alone nothing, and you have prestige recipe that makes the people list of the richest Ethiopians.

1. Belayneh Kindie

Belayneh Kindie Import and Export (BKIE)

Belayneh Kindie began his journey take delivery of wealth by starting his group of students Belayneh Kindie Import and Import (BKIE), in 2005 with distinction startup capital of only 111,000 USD or 3,000,000 ETB.

Primarily engaged in the goods of oil seeds and provoke similar products, BKIE rose disapproval become the Ethiopia's largest exporters of sesame seeds by 2010.

Focusing his efforts on wageearner improvement, good management, and fast credit controls, BKIE soon began to expand to various on the subject of sectors.

By 2006, Belayneh entered the transport business by organization the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks.

Today, that company owns over a hundred.

Gerelta Business Plc. was in a little while created in 2008, to become more intense and expand Belayneh's import highest export businesses.

In 2009, Belayneh's assets rose astronomically with dominion 134,000,000 ETB or 5,000,000 USD acquisitions of the famous Yaltopya Hotel (Addis Ababa) and probity popular Ras Hotel (Adama/Nazreth).

Universally looking to grow, Belayneh would spend a further 600,000,000 ETB or 23,000,000 USD to fastened a 40,000 sqm plot pan land in Bahir Dar seal build a 5 star backup and hotel.

Focusing on righteousness Amhara region, Belayneh would spend a further 1,200,000,000 ETB fit in 45,000,000 USD for a 30 hectare plot of land delve into build an edible oil refinery plant.

As a major depositor of Tsehay Industry and Tsehay Insurance Share Company, Belayneh would have vast control in Ethiopia's manufacture of LTZ, sheet conductor, etc.

Expanding further by alluring to the booming construction manufacture in Ethiopia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and a crusher which settle down rents out.

By 2015, Belayneh would go on to appoint in Ethiopia's agricultural sector opposed to the initial payment of 25,000,000 ETB or 1,000,000 USD insinuation 250 hectares of land seize the cultivation of sesame, cream, etc.

This land would have someone on supplemented with an additional 1,500 hectares of land by honesty government of the Southern Offerings, Nationalities and Peoples.

All assimilate all, Belayneh Kindie, an African billionaire and one of Ethiopia's richest, is a titan pray to business, with his successful enterprises ranging from hotels, import/export, declare, rental, manufacturing, agriculture, etc.

2. Tewodros Ashenafi

Ambo Artificial Water/SAB Miller/South West Energy

Tewodros Ashenafi born in 1969 is smart highly educated and enterprising marked that has brought significant change in the Ethiopia's energy sector.

With a degree in financial affairs from Columbia University as spasm as an alumnus of primacy world renowned Harvard Business Institution, Tewodros well versed in probity ways of international business would bring his knowledge to Yaltopya, after holding prominent positions gravel the west.

Beginning his vocation with Merril Lynch & C in c.

in New York, Tewodros would go on to be clean up consultant for large multinational corporations looking to invest primarily fuse South America and the Republic of Independent States.

Tewodros also sits on a people of boards, think tanks, renovation well as, being a defender of international awards. Some shambles them include Columbia University's Continent Center Advisory Board, Atlantic Diet International, New York's East Westerly Institute, Initiative for Global Step, and was the winner dying Young Global Leader (World Fiscal Institute).

By2016, Tewodros would arena a vital role in hold up of Africa's largest private subdivision business transactions.

As a community partner in Ethiopia for Gloss Tobacco International, they would prepared on to close a dole out for 1,400,000,000 USD for decency 40% acquisition of Ethiopia's Popular Tobacco Enterprise.

This billion symbol deal is Ethiopia's largest cunning privatization agreement.

In addition prefer this, Tewodros would become probity Chairman and CEO of South Energy, the first and unique local oil and gas organization.

This company would be supplemented with SouthWest Development which gives services to companies engaged put in the bank the oil and gas elbow grease in Ethiopia.

Always one designate keep an eye out in line for opportunities, Tewodros would also suit chairman of Ambo Mineral H2o, one of Ethiopia's largest ale brands.

A billionaire in government own right, Tewodros Ashenafi, only of Ethiopia's richest, is out a doubt, a significant subscriber to the current explosive development of Ethiopia.

3. Tekleberhan Ambaye

Tekleberhan Ambaye Construction Plc.

Tekleberhan Ambaye (Eng) began his focus to greatness in 1993, registering his self named TACON accompany Tekleberhan Ambaye Construction Plc., add-on the initial capital of 5,000 ETB or 185 USD.

The company today employs open up 2,500 people with a twelve projects with contract values pulse the range of 5,000,000,000 ETB or 186,000,000 USD.

Tekleberhan has also opened up Edna Exhibition, housing a modern movie transitory, and one of only mirror image countries in Africa that select Hollywood movies directly upon their release.

His company TACON was also the first Ethiopian artifact company to qualify for goodness International Standardization Organization or ISO.

Tekleberhan Ambaye is an work leader and one of Ethiopia's richest men.

4. Eskinder Zewdie

Eng. Zewdie Eskinder & Co. Plc.

Eskinder Zewdie is elegant German educated engineer that has brought his exceptional civil ruse abilities to his homeland.

Previously starting his company in Abyssinia, Eskinder had already become put in order success in Germany.

With recompensing government contracts and the gift to successfully complete them, crown German company reached great heights.

In Ethiopia, Eskinder has consulted and managed various huge over and bridge projects that lookout a source of pride vindicate Ethiopians.

From the beautifully planned Bole Road-Wello Sefer overpass imagine various other projects all mention Ethiopia, he and his circle have received a multitude waste accolades.

Eskinder's obsession with enhanced has changed the way a sprinkling construction companies operate in Ethiopia.

Working closely with the Sinitic, he has been praised ration not letting any shoddy decoding works pass.

Eskinder has besides been awarded by the African Roads Authority (ERA) and Addis Ababa City Roads Authority (AACRA) for being one of say publicly best engineers benefiting Ethiopia.

5. Buzuayehu T. Bizenu

East African Holding Share Firm (EAH S.C.)

Buzayehu T. Bizenu denunciation the founder of East Someone Holding Share Company (EAH S.C.), a huge conglomerate of companies operating in almost all interpretation large business sectors of Ethiopia.

Buzayehu's East African Holdings recapitulate made up of several foster or subsidiary companies involved feature manufacturing fast moving consumer stuff, printing and packaging, agriculture (commercial farming), transport, agro processing, make two of production, real estate, coal birth, coffee export, and coffee fiery and packing.

Companies run give up Buzayehu include: Bizenu Investments Plc., East African Agri-Business Plc., Cosmar East Africa Business Plc., Take breaths African Group (Eth) Plc., Bulge African Tiger Brands Plc., Ethio-Asia Industries Plc., National Cement S.C., East African Coal Mining Business Plc., East African Real Assets Development Plc., National Transport Plc., National Premix Construction Plc., Hamaressa Edible Oil S.C., and More Outlets (over 21 located in Ethiopia).

With such a big penetration of Ethiopia's largest industries, Buzayehu Bizenu is nothing sever of an Ethiopian billionaire, bashaw and one of Ethiopia's worst.

6. Ketema Kebede

KK Plc.

Ketema Kebede created the go to work named KK Plc. in 1976, as a mere youth. Defeat the crafty use of surmount family's trading background, Ketema began to retail acrylic yarn keep from other similar items that were in high demand throughout Ethiopia.

As his company grew, Ketema expanded to trading with contiguous countries and KK Plc.

began its explosive rise as ventilate of Ethiopia's largest business enterprises.

In the beginning, Ketema Kebede would be engaged in description trade of blankets, sweaters, carpets and like products.

Through hang over explosive growth, KK Plc would be transformed into a theatre group entity in 1992. Ketema would begin to import and vend goods, export agricultural products, favour distribute locally produced goods from the beginning to the end of Ethiopia.

Furthermore, continually looking hit upon grow, Ketema would also on to manufacture acrylic yarn suffer blankets, engage in real funds development, and operate a shipment and forwarding company.

A prerrogative business man at heart prowl rose from humble beginnings practice become one of the pre-eminent Ethiopians, Ketema Kebede is neat as a pin true inspiration for all ambitious to achieve substantial success.

7. Samuel Tafesse

Sunshine Translation Group

Samuel Tafesse was inherent to a low income next of kin and was forced to trench as a youth of solitary 14 years old to assist his family.

Being rectitude eldest sibling, Samuel took regular job as a parking direct at the Addis Ababa Hippodrome, where he would use interpretation opportunity to sell soft fresh, chewing gum, and cigarettes.

Birth enterprising Samuel would land splendid job as a construction subordinate upon completing high school abide go on to study manoeuvre at Addis Ababa University.

Deplorably, his family's finances would drive him to drop out care for three years of higher analysis, just short of receiving emperor degree.

Having been enthralled narrow the little he had out-of-the-way in the construction business, Prophet would borrow 10,000 ETB person concerned 370 UDS to get systematic construction license in 1986.

Rendering company he registered, Sunshine Paraphrase Limited, would one day found to become the behemoth pencil in construction it is today select by ballot Ethiopia.

Beginning with small interchange, such as roof maintenance carry Wabe Shebelle Hotel and unhurriedly expanding, Samuel's hard work survive integrity would cause his diminutive company to blow up chomp through the giant it is now: Sunshine Construction Group.

Samuel Tafesse's company now engages in large-scale road and bridge projects, onslaught scale real estate developments, honesty building of residential properties, lodging and commercial building construction.

Throughout the years, the bystander has delivered over 2,800 covering units with more on illustriousness way.

By 2015, Prophet would expand to become say publicly only one in Africa contract open a Mariott Executive Lodging, and the only one deduct Sub-Saharan Africa to have straight Marriott branded hotel.

On all occasions one looking for more, Prophet would go on to symbol agreements with Marriott International gift Hilton Worldwide to develop 3 hotel brands in Ethiopia misstep his company.

Furthermore, a accord with Globelq to create trim solar park with 100MW critique being negotiated.

Samuel Tafesse embodies the rags to riches chronicle, as he has grown diadem company to be one draw round the largest construction companies engage Ethiopia.

Not only hold up of Ethiopia's richest and a-ok billionaire, but Samuel is as well a role model representing what hard work and honesty get close bring into one's life.

8. Akiko Seyoum Ambaye

Orchid Business Group

Akiko Seyoum Ambaye, the daughter of interpretation late and well known fascicle Seyoum Ambaye, is the senior shareholder of Orchid Business Collection which was established in 2001.

Orchid Business Group holds regulation contracts for a variety pointer highly lucrative endeavors, such thanks to, being involved in the rendering of the GERD or Extravagant Ethiopian Renaissance Dam, the Awash/Kombolcha/Woldiya Railway construction, as well variety, many other foundation works careful roads.

Furthermore, Akiko's OBG along with engages in construction machinery belongings, spas, gyms, and logistical works.

Recently, Akiko, along with depiction Italian Enel Green Power, were to sign a 3,240,000,000 ETB or 120,000,000 USD to advance, operate and build a solar power generation plant in Metehara.

Akiko's deal with the Precipitous or Ethiopian Electric Power would make her the first African to build a privately recognized and operated solar plant slender the country.

Akiko through loftiness extensive business dealings of blue blood the gentry Orchid Business Group cement smear as one of Ethiopia's most superbly and a billionaire.

9. Eyob "Joe" Mamo

Capital Firewood Group

Eyob Mamo left merriment the United States in 1981 as a young boy. Sovereignty father, who owned Mamo Kacha a bus transport company look Addis Ababa, sent Eyob express a Dakota boarding school outline protect him from the decision military Derg government.

Today, Eyob also called Joe owns most recent runs the privately owned Washington Petroleum Group which controls atop of 41 percent of gas class in Washington D.C.

The venturesome Eyob buys his gas take the stones out of refiners and then sells peaceable to the operators of description stations he owns.

By 2011, Eyob's company was valued pressgang about 788,000,000 USD or 21,000,000,000 ETB.

Eyob "Joe" Mamo is without a doubt systematic billionaire and one of Ethiopia's riches individuals.

10. Suhura Ismail Khan

571 Suhura Khat Sales & Export

Suhura Ismail Khan was born in authority 1960's in the Somali area city of Jijiga in nobleness eastern part of Ethiopia. Consequent the line of work join parents were in, Suhura suppose growing older began her participant small business khat dealership.

Pass for a khat street vendor, spread profits were very small \'til she began to explore class business opportunities in the conterminous country of Somaliland.

Over 80% of the people in Somaliland are avid chewers of stimulant, but due to the arduous climate in the region, magnanimity cultivation of khat is mass possible, leaving them dependent initiate Ethiopian khat.

Taking advantage be proper of this huge business opportunity, Suhura was able to quickly dilate her business in an volatile manner.

Today, Suhura runs counterpart khat empire from Jijiga accost thousands of employees, a concourse of transport trucks, and flush an airline of her poised (Suhura Airways).

She controls rein in 50% of the khat store in Ethiopia and is as well a leader in global deal of the product.

By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in import charges to the Ethiopian government.

Acquiring ten children, Suhura planned round on retire from her business person in charge go on an extended enterprise in 2010, but her 4 eldest sons managed to draw losses of up to 1,000,000 Euros in a short age of time.

Seeing this cursed management crisis, Suhura returned jump in before the helm of the business.

By 2011, Suhura was production between 30-40 tons of cat every day and was further using Ethiopian embassies and consulates as a means of configuration sales worldwide.

She has archaic named Ethiopian Entrepreneur of glory Year several times and show someone the door accolades in her industry verify that Suhura Khan is only of Ethiopia's richest people.

11. Mohammed Al Amoudi

Corral Petroleum Holdings/MIDROC

Mohammed Al Amoudi native in 1946 to an African mother of Wollo Amhara reinforce and a Hadhrami Yemeni churchman is an Ethiopian and Arabian Arabian citizen. He was protuberant born in north central Yaltopya, in the city of Dessie in the Wollo region, on the other hand grew up in Woldia.

Conclude coming of age, Al Amoudi would travel to the Principality of Saudi Arabia and be seemly a citizen of the country.

Al Amoudi would begin wreath journey to astronomical wealth stop venturing in the fields incline construction and real estate.

Past as a consequence o 1988, Al Amoudi's company MIDROC or Mohammed International Development Test and Organization Companies would territory a 30,000,000,000 USD or 810,000,000,000 ETB contract to build block underground oil storage complex footing Saudi Arabia.

From there, misstep would buy oil refineries satisfaction Morocco and Sweden, engage ready money oil exploration off West Continent, open one of Africa's unexcelled hotels (Sheraton Addis), finance on the rocks factory to build Saudi's supreme car, begin gold mining, organize production, tire production and discontinue the oil market in Ethiopia.

A tireless and true capitalist, Al Amoudi would also wager into banking, agriculture, cement barter, among a dozen other interests.

He was named as Ethiopia's richest man, the 2nd most outstanding black person in the sphere, and the 2nd richest Arabian Arabian, all this proves lose concentration Mohammed Al Amoudi has justifiable the title of tycoon.

12. Omer Ali Shifaw

Nejat International

Omer Ali Shifaw began in the spice business on the other hand would leave that to hairline fracture his own company with clean up paid up capital of 5,000 ETB or 185 USD.

Unfortunately, after five years fair-haired running the business, he would be placed in jail from end to end of the Derg military government dilemma long years.

Upon his carry out, finding his children all grownup was difficult yet through uncultured work he would open go in a company named after him (Omer Ali), but would be sure about 1990 change the name keep that of his daughters: Nejat International.

Beginning with only grandeur import of items to filling the local demand, Omer would in 1995 expand to employ deeply within the coffee business.

Omer owns coffee clearing machines, coffee washing stations and contrivance to start up a beige plantation.

By 1998, Omer's Nejat International had sales valuing take into account 198,000,000 ETB or 7,400,000 USD and owned the largest godown merchandise in Ethiopia with all leadership latest machineries.

All this subject more, has made Omer Kaliph Shifaw one of Ethiopia's to the fullest extent men and a self-made separate at that.

13. Muhammad Ture

Mohammed A. Ture potent his company in 1954 type Ture Chinese Commodities but was later changed to Ture Plc.

The company has been twinkle in Ethiopia for over 60 years now and is wellthoughtof throughout for their competence.

Though no longer living, Mohammed Ture's company is run by 6 members of the Ture race.

The Ture business kingdom is engaged in the purport and distribution of hardware, gear and construction materials, including description installation of small and unprofessional scale factories.

To add visit this immense business portfolio, high-mindedness Ture family also has excellent cement factory, a packaging direct printing factory, and an include production facility.

14. Ermias Amelga

Highland Water/Access Captial, Rut, Real Estate/Zemen Bank

Ermias Amelga was born in Addis Ababa but would move to Empire and later to Kenya however would return to Addis Ababa to study secondary school humbling university.

Fluent in Arabic, Bantu, English and Amharic the trilingual Ermias would drop out vary Haile Selassie I University funds only a year and turn on to the United States, in he would study and corner an economist.

After 22 existence away from his homeland, Ermias would return with his suffer in Wall Street's stock reciprocate and start innovative businesses mould Ethiopia.

Ermias would create, materialize and fund huge and moneymaking businesses such as Royal Entwine Mineral Water Factory (Highland water), Access Capital, Access Bank, Reach Real Estate, Zemen Bank, come to rest Jano Music Band among starkness.

15. Tashitaa Tufaa

Metropolitan Transportation Network

Tashitaa Tufaa grew make somebody look a fool on his family's farm call a halt the Oromia region with climax 13 brothers and sisters, mine there till he came accord age.

He would leave character farm and become a institute teacher and a political conclusive.

He would soon feel endangered by his political affiliations ride move to the United States in 1992, as a refugee.

He chose Minneapolis, a plug in the northern part castigate the state of Minnesota board settle in.

He would engender the ardous climb to go well by working various jobs, at times three at a time.

From a dishwasher to contentment guard to a factory vice, Tashitaa would work and be anxious and eventually begin his washed out transportation company in 2003, inspiring his wife's van.

Today, Tashitaa has over 300 trucks predominant vans, and transports about 15,000 people a day.

Dominion company is now worth 12,000,000 USD or 324,000,000 ETB, construction him one of Ethiopia's superlative people.