105 Followers. One of Ethiopia's wealthiest investors, Worku Ayetenew begins a process to build a cement plant with an investment capital of USD one billion. Mohammed Hussein Ali Al Amoudi is an Ethiopian-Saudi billionaire businessman, who owns and controls many big industrial assets in Sweden, Saudi Arabia, and Ethiopia. Workruit understands that you are busy building your company and is here to help you save time in finding the right talent. Copyright - Media And COmmunications Center. On the other hand, in the Amhara region, the sites are found in Debremarkos and Debrework.var cid='6693868498';var pid='ca-pub-4442296776032485';var slotId='div-gpt-ad-typicalethiopian_com-medrectangle-3-0';var ffid=1;var alS=1021%1000;var container=document.getElementById(slotId);var ins=document.createElement('ins');ins.id=slotId+'-asloaded';ins.className='adsbygoogle ezasloaded';ins.dataset.adClient=pid;ins.dataset.adChannel=cid;ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.style.maxHeight=container.style.minHeight+'px';container.style.maxWidth=container.style.minWidth+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true}); Beyond this, Worku is engaged in the farm business launching a company named Worku Farms PLC. An example of data being processed may be a unique identifier stored in a cookie. Afterward, Al Amoudi broadened his business by buying oil refineries in Sweden including Svenska Petroleum Exploration and Preem, which is one of Swedens biggest oil refineries. I am impressed with Workruits features which has made talent search so easy. On top of that, Worku, 2020, launched a mining project. Workruit helps you match with qualified professionals, instantly. Akiko Seyoum Ambaye. All federal institutions will be authorized to make purchases only through the use of electronic means beginning A new legislation dubbed the National Spatial Development Framework is underway to guide investments and infrastructure development based on the resources of locations in MIDROC Gold in Hot Water again, denies damaging the environment, Hides consumption for food in West Africa swells Ethiopias export, Governor anticipates finalizing banking open-up legislation in two months, Go digital or no procurement next year: authority warns federal agencies, Legal framework in pipeline to guide investment locations, infrastructure development. BKIEA also owns hotels in Ethiopia and a port handling service company. The consent submitted will only be used for data processing originating from this website. The company has its head office in Addis Ababa, the capital of Ethiopia. The company owns and operates close to 35 commercial buildings and apartment buildings in key real estate locations. Dawit Hailu is also another Ethiopian popular rich individual whose name has to be mentioned. 2023 - Welcome to Fana Broadcasting Corporate S.C. All Rights Reserved. Spread the NewsBerhan Bank Share Company has garnered a gross profit of 583.4 million Birr gross profit in 2021/2022 fiscal year ended on June 30, 2022; a profit went up by 72.8% from the previous year. Mulatu Teshome speaks after being sworn in as Ethiopia's new president in Addis Ababa on October 7, [+] 2013. Ashenafi is the chairman and co-owner of Ambo Mineral Water, Ethiopias bestselling naturally-carbonated bottled mineral water, along with beverage giant SABMiller. Besides, we have harvested rice for the local market supply. He was born in Ethiopia, in 1946, to a Saudi father and an Ethiopian mother. by Sophonias Woldu | Apr 4, 2023 | Business. Gen X (ages 40 to 55): $1.9 million. Furthermore, he has contributed money when churches are burned to the ground in Gojam, Amhara region.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[468,60],'typicalethiopian_com-medrectangle-4','ezslot_8',610,'0','0'])};__ez_fad_position('div-gpt-ad-typicalethiopian_com-medrectangle-4-0'); by Sophonias Woldu | Apr 4, 2023 | Business. worku aytenew vs dagne wale dance | | yecheneke elet #Ethiopia. He writes articles about philosophy, theology, his native Ethiopia, and basically anything and everything else. Worthington, MN Unemployment Rate is at 3.00%, compared to 3.00% last month and 2.10% last year. Your email address will not be published. The coffee shop then gained popularity in the town due to the fine coffee and delicious meals it provides. Observing the progress and success, the regional government bestowed another additional 20,000 hectares to the company. However, their actual capacity is only 6.3 million tons, which is an outcome of an aging machinery and lack of maintenance, among others. Meet 5 Ethiopian entrepreneurs, who own businesses with annual revenues of $50 million or more. It was established in 2015 and was a major player in palm imports and distribution to regulate the local price. Businessmen donate 150 oxen to Military amid governments law enforcement measures. Our company comes into existence from a vision of its founder, Worku Aytenew, who invested in the Palm Oil importation business, commercial farming, mining, aviation, and real estate. " " Manage Settings Our media house, Fana Broadcasting Corporate, commenced service in 1994 with outdated equipment and limited manpower, but with the first of its kind and new style in the countrys broadcast media industry. National Cement collaborated with a Chinese company to establish a USD 2.5 billion cement plant in Ensaro, Amhara Regional State. Your email address will not be published. He believes in investing in diversified high-risk high return business opportunities that create more socio-economic benefits to the country and pays off attractive dividends in long term to its shareholders. . This motivating Worku, he advanced into an edible oil project under the name of W.A Oil Factory and Distribution PLC. With Workruit, we have revolutionized the tedious recruitment process, and replaced it with a simple and an intelligent "swipe right to hire" method. Currently, Sophonias writes articles for www.typicalethiopian.com on a part-time basis. He was one of the businessmen who supplies palm oil to the local market at a regulated price point with the objective of attaining corporate social responsibility . Bizenu is the chairman and controlling shareholder of East African Holding, a leading industrial conglomerate in Ethiopia that operates in a variety of sectors such as manufacturing of Fast Moving Consumer Goods, tea processing, printing and packaging, transport, real estate, cement production and coal mining. . The company is also one of the largest exporters of Ethiopian coffee, cereals and spices. Sign up here to get the latest news, updates and special offers delivered directly to your inbox. Your email address will not be published. Cabinet approves draft proclamation to automate public procurement Addis Ababa, November 11, 2020 (FBC) - Two businessmen namely Worku Aytenew and Belayneh Kinde have donated 150 oxen for the National Defense Forces and Amhara Region Special Force in support of law enforcement measures being taken by the government. Match with a candidate that is perfect for your company at your fingertips. Ethiopia is one of the fast-growing countries in Africa. He had an inquisitive mind from a young age and was always fascinated by the power of language and words. Sources: Bloomberg; S&P Global. Market value as of Jan. 20, 2023. Post a job, swipe right on the applicant profiles, get matched, chat instantly and schedule interviews right away. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Market value as of Jan. 20, 2023. The main business of the company is in the production of construction materials such as Cement production, Granite and Marble production, Coal and gold mining, precious stones, and other related materials. Days Per Week. The inauguration of W.A Industrial Edible Oil Complex is one such opportunity for engagement in production of basic consumer products he added. Before embarking on a writing career, he had already begun a successful career in the electromechanical engineering field, having earned his degree from Addis Ababa Science and Technology University. Deputy Prime Minister Demeke Mekonnen, Presidents of Amhara, Ormoia and Sidama Regional States Agegnehu Teshager, Shemelis Abdissa and Desta Ledamo, among others have accompanied the Prime Minister at the inaugural ceremony. Sign up here to get the latest news & updates. Worku Aytenew is also a pace-setter in the fight against the Tigrayan Peoples Liberation Front (TPLF) supporting the Ethiopian government of Prime Minister Abiy Ahmed. Their names dont ring with the African public, and youve probably never heard about them before, but they are very successful and very wealthy. With an easy on-boarding process for the recruiters and providing personal assistance to employers, Workruit has made me believe. He is also the founder and CEO of oil exploration firm SouthWest Energy, one the largest oil and gas acreage holders in East Africa. Spread the NewsRecently appointed Ethiopian Airlines chief executive Mesfin Tasew has embraced the Vision 2035 roadmap introduced by his predecessor Tewolde GebreMariam in 2019, as he aims to keep the carrier on an aggressive growth path. He has contributed around 80 million Ethiopian birr intending to help the Ethiopian government to halt the spread of the deadly virus. Besides addressing the local edible oil demand, the factory is said to export sesame seed edible oil to several countries of the world. Addis Ababa, June 7, 2021 (FBC) Prime Minister Abiy Ahmed along with other high officials have today inaugurated WA Edible Oil Factory built by known Ethiopian investor Worku Aytenew at cost of 5.2 Billion Birr in Debre Markos town, Amhara region. The company has farmlands in Amhara and Benshangul zone, and the business took and cultivated 2,000 hectares in May 2019. From the land, they manage to grow soya beans so that they can be a raw material for the Oil Factory. He was one of the businessmen who supplies palm oil to the local market at a regulated price point with the objective of attaining corporate social responsibility . Worku Aytenew to build $1 bln worth cement plant By Selamawit Mengesha August 20, 2022 It will have the capacity to produce 12,000 tons of cement daily One of Ethiopia's wealthiest investors, Worku Ayetenew begins a process to build a cement plant with an investment capital of USD one billion. In addition, in May 2019, Dawit along with his wife founded a popular coffee shop called AKKOO. He founded the company in 2005 to primarily export oil seeds and subsequently expanded into other commodities such as sesame seeds and nuts. As a developing African nation by Sophonias Woldu | Mar 20, 2023 | Business. It is stated on the occasion that the edible oil giant has a capacity of processing over 1.5 Million Liter of oil on a daily basis. Many Ethiopians live outside of the country. In the same year, Worku joined the aviation industry with an investment capital of USD 40 million. Worku is also seeking a partner for the new cement factory, while he has already requested to lease 150 hectares of land for the construction of the plant, which is located around Dejene town, Amhara Regional State, 230 km away from the capital. an estimated 3.5 million livestock have died between late 2021 and mid-May 2022, and herd sizes are . We have already finalized preparations to complete the construction in the next two years, said Kassim Siraj, project manager of the plant, which will be called W.A Cement Factory. Worku Aytenew, a well-known business mogul in the country, is in the process of establishing private Aviation Company. 2023 Fortune Media IP Limited. Figures are for the latest twelve months ended Oct. 31, 2022. The information included in this article is collected from different websites and interviews.var cid='6693868498';var pid='ca-pub-4442296776032485';var slotId='div-gpt-ad-typicalethiopian_com-box-3-0';var ffid=1;var alS=1002%1000;var container=document.getElementById(slotId);var ins=document.createElement('ins');ins.id=slotId+'-asloaded';ins.className='adsbygoogle ezasloaded';ins.dataset.adClient=pid;ins.dataset.adChannel=cid;ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.style.maxHeight=container.style.minHeight+'px';container.style.maxWidth=container.style.minWidth+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true}); When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians.
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