Ethiopia’s richest man loses $100 million in just 6 days
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth has declined by $100 million in just six days, the latest setback in a string of wealth declines.
Horn of Africa
Ethiopia’s richest man Mohammed Al-Amoudi loses $160 million in 3 weeks
Al-Amoudi’s fortune has dwindled from $9.29 billion on Feb. 25 to $9.13 billion.
U.S. firm Vaalco Energy in talks to acquire oil company of Ethiopia’s richest man
For Mohammed Al-Amoudi, this potential deal represents an opportunity to derive further value from his investments in the oil and gas industry.
Ethiopia’s richest man Mohammed Al-Amoudi gains $130 million in two weeks
The surge in his fortune propels Al-Amoudi to 259th place on the prestigious list of the world’s 500 wealthiest billionaires.
Ethiopian banker Dereje Zebene-led Zemen Bank secures $30-million facility from IFC
Zemen Bank, established in 2008, has emerged as a key player in Ethiopia’s financial services industry.
Ethiopia’s richest man Mohammed Al-Amoudi gains $220 million within 72 hours
The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and Ethiopia.
5 companies owned by Somali businessman Ismail Ahmed
Ismail Ahmed is more than just a titan of the fintech industry. He’s a visionary leader, a philanthropist, and a testament to the power of perseverance.
Meet Ismail Ahmed: Somali tycoon leading $5-billion payment platform, Zepz
Ahmed’s dedication to financial inclusion transcends the confines of Zepz, positioning him as a true agent of change on the international stage.
Somali businessman Abdirashid Duale’s Somtel launches Somali’s first 5G network
Duale emphasized that this move aligns with the vision for a tech-driven future, positioning the region for increased foreign investment and a flourishing tech scene.
Ethiopia’s richest man Mohammed Al-Amoudi gained $3.59 billion in 2023
The $3.6-billion surge in Al-Amoudi’s fortune represents a daily average gain of $10 million throughout the year.
Ethiopia’s richest man Mohammed Al-Amoudi gains $170 million in 15 days
The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and Ethiopia.
5 companies owned by Ethiopian businessman Tewodros Ashenafi
Forbes acknowledged Ashenafi’s financial prowess in 2017, listing him among the wealthiest individuals in Ethiopia.
Ethiopia’s richest man Mohammed Al-Amoudi secures spot among world’s 300 richest individuals
Apart from his stake in Preem, Al-Amoudi maintains shares in Midroc Gold, Svenska Petroleum Exploration, Samir, and Okote Gold.
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth soars by $2.83 billion
Ethiopian business mogul Mohammed Al-Amoudi claims the 268th spot among world’s richest billionaire.
Ethiopia’s richest man Mohammed Al-Amoudi gains $320 million
In an effort to unlock value from his early investments, Al-Amoudi is presently exploring the sale of his interest in Preem.
Somali mogul Ismail Ahmed challenges British firm’s money printing contract in Somaliland
Ahmed is the co-founder of Zepz, a conglomerate housing globally acclaimed payment giants WorldRemit and Sendwave.