15 of Ethiopia's Richest individuals and their successful businesses in 2023
Ethiopia is a nation with a vibrant cultural history and an expanding economy. Ethiopia has developed into a center for commerce and trade thanks to its advantageous position in the Horn of Africa. Many Ethiopians have established themselves in the commercial world throughout the years, and their organizations have helped the Ethiopian economy expand. This article will examine 15 of Ethiopia's wealthiest individuals and their prosperous businesses as of 2023.
1. Mohammed Al-Amoudi: MIDROC Ethiopia Group
Mohammed Al-Amoudi is a Saudi-Ethiopian billionaire businessman and philanthropist. He is the founder and owner of MIDROC Ethiopia Group, which has interests in various sectors such as agriculture, mining, energy, and construction. MIDROC Ethiopia Group is one of the largest companies in Ethiopia, and it has contributed significantly to the growth of the Ethiopian economy.
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2. Tewolde GebreMariam: Ethiopian Airlines
The CEO of Ethiopian Airlines, the biggest airline in Africa, is Tewolde GebreMariam. Ethiopian Airlines has developed into a significant participant in the global aviation market under his direction. The airline has increased its route network to include international destinations and received multiple accolades for its superior customer care.
3. Belayneh Kindie: Belayneh Kinde Import & Export
Belayneh Kindie is the founder and CEO of Belayneh Kinde Import & Export, one of the largest import and export companies in Ethiopia. The company has interests in various sectors such as coffee, spices, and textiles. Belayneh Kinde Import & Export has been instrumental in promoting Ethiopian products in the international market.
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4. Sunshine Investment Group, Samuel Tafesse
Sunshine Investment Group, a conglomerate with holdings in industries like hospitality, real estate, and manufacturing, was founded and is led by Samuel Tafesse. The organization helped shape Ethiopia's hospitality sector by establishing a number of hotels and resorts all around the nation.
5. Akiko Seyoum Ambaye: Orchid Business Group
Orchid Business Group, a conglomerate with holdings in a number of industries including real estate, construction, and hospitality, was founded by Akiko Seyoum Ambaye and she currently serves as its CEO.
The organization has created a number of industrial and residential properties all throughout Ethiopia and has played a significant role in the growth of the country's real estate market.
6. Mulugeta Tesfakiros: Mulugeta Tesfakiros PLC
Mulugeta Tesfakiros is the founder and CEO of Mulugeta Tesfakiros PLC, a conglomerate with interests in various sectors such as agriculture, mining, and construction. The company has been instrumental in the development of Ethiopia's mining sector, and it has established several mines across the country.
7. Abinet Gebremeskel: Netela Group
Abinet Gebremeskel is the founder and CEO of Netela Group, a conglomerate with interests in various sectors such as manufacturing, agriculture, and construction. The group has been instrumental in the development of Ethiopia's manufacturing sector, and it has established several factories across the country.
8. Aliko Dangote: Dangote Cement Ethiopia
Aliko Dangote is a Nigerian businessman and the founder of the Dangote Group, a conglomerate with interests in various sectors such as cement, sugar, and oil. Dangote Cement Ethiopia is a subsidiary of the Dangote Group, and it has become one of the largest cement producers in Ethiopia.
9. Buzualem Kidane: Flintstone Engineering
Buzualem Kidane is the founder and CEO of Flintstone Engineering, a company that specializes in the design and construction of various engineering projects. The company has been instrumental in the development of Ethiopia's infrastructure, and it has established several major projects such as roads, bridges, and buildings.
10. Daniel G. Mariam: East Africa Gate
East Africa Gate is a conglomerate having holdings in a number of industries, including real estate, construction, and hospitality. Daniel G. Mariam is the company's founder and CEO. The organization has created a number of industrial and residential properties all throughout Ethiopia and has played a significant role in the growth of the country's real estate market.
11. Belayneh M. Kindie: United Insurance
One of the biggest insurance firms in Ethiopia, United Insurance, is led by founder and CEO Belayneh M. Kindie. The organization provides a vast array of insurance products, including life, health, and property insurance.12. Bethlehem Tilahun Alemu: soleRebels
Bethlehem's solitary rebels The creator and CEO of soleRebels, a business that specializes in the development of environmentally friendly footwear, is Tilahun Alemu. The business has opened various shops across the world and has played a significant role in promoting
13. Aschalew Belay: Tsehay Industry S.C.
Tsehay Industry S.C., a business that specializes in the creation of textiles and apparel, was founded and is led by Aschalew Belay. Ethiopia's textile sector has benefited greatly from the company's success, and it has set up multiple plants around the nation.
14. Ahmed Abushanab: Hidase Telecom
Hidase Telecom, a business that specializes in the supply of telecom services, was founded by Ahmed Abushanab, who also serves as its CEO. The business has created various significant projects, including fiber optic networks and data centers, and has played a significant role in the growth of Ethiopia's telecom industry.
15. Abiy Ahmed Ali: Ethiopian Government
Ethiopia's current prime minister and the head of the Ethiopian People's Revolutionary Democratic Front is Abiy Ahmed Ali.
Ethiopia has experienced major reforms during his leadership, and the nation has drawn a number of international investors. The globe has benefited from Ethiopia's commercial and investment prospects thanks in large part to Abiy Ahmed Ali.
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