Ethiopia’s richest man Mohammed Al-Amoudi makes shocking comeback on Bloomberg’s 500 richest list
The recent upswing in Al-Amoudi’s wealth follows a temporary exit from the Bloomberg Billionaires Index.
Ethiopia
Aliko Dangote’s Dangote Cement has invested more than $90 million in its Ethiopian unit
Its $90-million investment in Ethiopia has helped solidify its position in the country.
Controlled by Kenya’s richest families, NCBA Group eyes entry in Ethiopia, DRC, Ghana
NCBA Group is partially owned by the super-rich Kenyatta, Merali, and Ndegwa families.
Ethiopian billionaire Mohammed Al-Amoudi falls from world’s 367th to 406th richest man
His net worth fell after Preem, Sweden’s largest oil refiner, reported a 31-percent drop in revenue.
Ten of the richest businessmen in Ethiopia — most of whom you’ve likely never heard of
Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands.
Safaricom, MTN Group bid for licenses in Africa’s second-most populous country, Ethiopia
The bureaucratic bidding process seems to finally be nearing an end.