top 100 richest person in ethiopia 2021
Bernard Arnault, the chairperson and chief executive of the French luxury conglomerate LVMH Mot Hennessy Louis Vuitton, is now the world's richest person.Bernard Arnault pipped Jeff Bezos after the Amazon founder's net worth fell $13.9 billion in a day. He is a politician from the ruling party in Ethiopia. Mamo is the CEO of the D.C.-based group. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. In 2016, his net worth was estimated by Forbes at approximately $10.9 billion and a relative fall in net value was linked to the global fall in oil and gold prices at the time of estimation.He was also listed as Ethiopia's richest man, the second richest . Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. icle family law institute 2021; . 1. He was also heavily involved in the US War on Terror, helping to eliminate military organisations such as Al Qaeda. She has been named Ethiopian Entrepreneur of the Year several times and her accolades in her industry prove that Suhura Khan is one of Ethiopia's richest people. Mamo is the CEO of the D.C.-based group. Through the crafty use of his family's trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. Mohammed Al Amoudi - $8.3 Billion. financial services group prepares to launch. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. She has her own business and owns shares in various companies around Ethiopia. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. One of the factors contributing to . 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. China. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. In response, Ndungu expressed his disappointment, stating that the meeting where he and Asenath Wachera Maina were expelled was not conducted in accordance with the Companies Act. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Being the eldest sibling, Samuel took a job as a parking attendant at the Addis Ababa Stadium, where he would use the opportunity to sell soft drinks, chewing gum, and cigarettes. Following the opening of its 22nd location in Hamburgs trendy St. Pauli District, the group is on course to control 500 global soleRebels branded retail stores and generate $1 billion in revenues by 2028. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. 1. She also has a criminal image of herself among the people of Ethiopia, with the name mother of corruption given to her by the people. The shares from the company have made her present estimated worth of about $1.5 billion. Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. iwi masada aftermarket parts. Paul Ndungu, a prominent Kenyan businessman and shareholder in Pevans East Africa, the company behind the popular SportPesa betting brand, is auctioning off a residential property located in Nairobi. Find many great new & used options and get the best deals for LEILEI Black 100% Silk Semi Sheer Blouse Top Short Sleeve Size XL at the best online prices at eBay! Michael Prince for Forbes. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Seyoum Mesfin - $1.8 Billion. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. By 1998, Omer's Nejat International had sales valuing at 198,000,000 ETB or 7,400,000 USD and owned the largest warehouse in Ethiopia with all the latest machineries. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Heading into 2022, the 10 wealthiest individuals in the world are all worth . During the period when Pevans East Africa operated the SportPesa brand, Ndungu, a reclusive business leader who is a significant shareholder and non-executive director of Life Care Medics, received Ksh1.3 billion ($11.1 million) from the company until it ceased operations in June 2019. Kenyan businessman Andrew Ndegwas stake in NCBA Group has declined in the past 59 days due to the depreciation of the Kenyan shilling and selling pressures on the Nairobi Securities Exchange, which have impacted the valuation of the Nairobi-based financial services provider. He lives in Glencoe. Ethiopian entrepreneur and leading businesswoman Suhura Ismail Khan is the head of a trading empire from Jijiga, with several thousand employees, dozens of trucks, and her airline, Suhura Airways, a Somalian charter carrier established in 2009. 2. Copyright 2023 allaboutETHIO.com All Rights Reserved. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. He was a part of the diplomatic works that were used by the dictator for money laundering. Here's how American families, from the poorest to the richest, spend their money +16 16 great furniture designers of the last century inspiring today's design trends Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Odd Reitan of Rema 1000 fame and Norgesgruppen's Johan Johannson place third and fourth on the list with assets of NOK 51 billion and 50.5 billion respectively. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . Akiko Seyoum Ambaye, the daughter of the late and well-known contractor Seyoum Ambaye, is the major shareholder of Orchid Business Group which was established in 2001. Abay Tsehaye - $1.5 Billion. Furthermore, continually looking to grow, Ketema would also begin to manufacture acrylic yarn and blankets, engage in real estate development, and operate a transit and forwarding company. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. Ethiopia is home to over 122 million people, per Worldometer. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. As a result, Ndungu and Maina, who had a combined 38-percent stake in the now-defunct holding company, will not receive any compensation for their investments. . Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. This company went into other sectors of agriculture as well so that it can flourish from all sides. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. In 2020, private wealth in Ethiopia was estimated at $57 billion, $1-billion higher than the figure for Ghana and $33-billion lower than Kenyas $90 billion. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. richest nigerian in houston. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. A billionaire in his own right, Tewodros Ashenafi, one of Ethiopia's richest, is without a doubt, a significant contributor to the current explosive growth of Ethiopia. Ethiopia-born billionaire Mohammed Al-Amoudi. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. 10. Meles Zenawi - $3 Billion. Gerelta Business Plc. However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. Berhane Gebrekristos - $2 Billion. The banks share price has dropped 7.8 percent since the start of the year, from Ksh39.8 ($0.322) on Jan. 1 to Ksh36.7 ($0.288) on Feb. 28, pushing its market capitalization below Ksh60 billion. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. The . Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. 3. Africa covers a land mass of over 3 million square kilometres (11.7 square miles), which includes independent island states.. Africa is separated from Europe by the Mediterranean Sea and joined with Asia by the Isthmus of Suez. Source: Conglomerate Investment through EAH. Ethiopian entrepreneur and leading businesswoman Suhura Ismail Khan is the head of a trading empire from Jijiga, with several thousand employees, dozens of trucks and her airline, Suhura Airways, a Somalian charter carrier established in 2009. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. 2. Belayneh Kindie began his journey to wealth by starting his company Belayneh Kindie Import and Export (BKIE), in 2005 with the startup capital of only 111,000 USD or 3,000,000 ETB. Bill Gates. From the beautifully designed Bole Road-Wello Sefer overpass to various other projects all over Ethiopia, he and his company have received a multitude of accolades. Following the opening of its 22nd location in Hamburgs trendy St. Pauli District, the group is on course to control 500 global soleRebels branded retail stores and generate $1 billion in revenues by 2028. Khat is a leafy green plant containing two main stimulants used mainly in North East Africa, the Arabian Peninsula and expatriate communities from these regions. As a major shareholder of Tsehay Industry and Tsehay Insurance Share Company, Belayneh would have vast control in Ethiopia's manufacture of LTZ, sheet metal, etc. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. In 2020, private wealth in Ethiopia was estimated at $57 billion, $1 billion higher than the figure for Ghana and $33 billion lower than Kenyas $90 billion. Andrew Ndegwa, a Kenyan businessman and executive director of First Chartered Securities Limited, owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. (Reuters) Larry . $288.56 billion (PPP, 2021 est.) Follow us too! Young Rich List wealth takes $11b hit after tech plunge. The Ture business empire is engaged in the import and distribution of hardware, machinery, and construction materials, including the installation of small and large-scale factories. $92.413 billion (nominal, 2021 est.) The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. Estimated net worth: $10 billion. Patrick T. Fallon/Bloomberg. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. Belayneh Kindie has amassed a fortune through his Belayneh Kindie (BK) Business Group, an Ethiopia-based group initially focused on exporting oil seeds, nuts and other products. Ethio Telecom 21.6 billion Ethiopian Birr (585 million USD) Ethio Telecom, formerly known as the Ethiopian Telecommunications Corporation (ETC), is an Ethiopian telecom company serving as the foremost internet . Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. NCBA Group, a Nairobi-based financial services conglomerate led by the wealthy Kenyatta, Merali, and Ndegwa families, operates as a non-operating holding company through its vast network of subsidiaries in Tanzania, Rwanda, Uganda, and Cote dIvoire. However, the companys payouts decreased in the following years, with Ksh290.3 million ($2.5 million), Ksh876.5 million ($7.51 million), and Ksh559.9 million ($4.8 million) paid out in 2017, 2018, and 2019, respectively. A true business man at heart that rose from humble beginnings to become one of the richest Ethiopians, Ketema Kebede is a true inspiration for all hoping to achieve substantial success. Kanye West has made it to the top of the list this year by beating Jay-Z. Kanye began his career in the music industry as a producer and he even used to write songs for a few famous and popular . The top 10 richest people on the planet have a combined net worth of $1.4 trillion. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. Africa is home to some of the wealthiest people in the world. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. 8) Larry Page (net worth: $91.5 billion) Larry Page walks by a map of the world during keynote speech at the Consumer Electronics Show in Las Vegas, Nevada, on January 6, 2006. 2 weeks ago. 2. Ketema Kebede created the self-named KK Plc. Seeing as Co-op Bank is the third-largest bank in Kenya, with 65 percent ownership by local co-operatives, and the largest co-operative bank in Africa, this injection of funds is sure to have a substantial impact. Here is a list of the billionaires and millionaires in Ethiopia in 2023. Aside from his leadership role in Ethiopias first and only indigenous oil and gas company, SouthWest Energy, the leading business tycoon played a vital role in transforming the Ethiopian energy sector. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. Ethiopia's First and Largest Blog Network. According to the latest 2022 Africa Wealth Report, the total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years. Egypt - $394.28 billion. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Samuel Tafesse - $1.6 Billion. 15. New interactive and fun video sessions with influencers and celebrities every thursday on thedistin Youtube Channel every week and more now scroll down to watch cat videos, Thank me later! As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. This billion-dollar deal is Ethiopias largest-ever privatization agreement. . Upon his release, finding his children all grown was difficult yet through hard work he would open up a company named after him (Omer Ali), but would in 1990 change the name to that of his daughters: Nejat International. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. List of wealthiest Canadians (Forbes, 2021) World rank Name Net worth (USD) Source of wealth 33: David Thomson & family: US$41.8 billion: Media 189: Joseph Tsai: . View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. All in all, Belayneh Kindie, an Ethiopian billionaire and one of Ethiopia's richest, is a titan of business, with his successful enterprises ranging from hotels, import/export, transport, rental, manufacturing, agriculture, etc. Top 10 Richest People in the World. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. Mohammed Al Amoudi born in 1946 to an Ethiopian mother of Wollo Amhara descent and a Hadhrami Yemeni father is an Ethiopian and Saudi Arabian citizen. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). 91. His power in the Ethiopian cabinet along with the airlines helped him smuggle a lot of drugs within Africa and Asia. By. It's when a person is young and chock full of new emotions that they connect the most intensely with certain songs or performers, after all. now scroll down to watch cat videos, Thank me later! This year, War, pandemic and sluggish markets hit the world's billionaires whose number drop by 87 to 2,668 on Forbes' annual ranking of the planet's richest people. $180 Billion. Top 10 Richest Men In Uganda 2021 Eyob Joe Mamo - $2.5 Billion. Rich List 2022 is our definitive guide to the wealth of the UK's richest people. In recent times, Al-Amoudi has tightened his grip on his hotel business following the appointment of one of his sons-in-law to the board of Midroc Gold, whose portfolio includes the Sheraton hotels in Djibouti and Addis Ababa. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. In 2010, she retired from the group, leaving her empire to be managed by her sons. Source: Oil & Gas, Real Estate and Technology. Through this substantial amount of funding, Co-op Bank is poised to provide much-needed support to micro, small, and medium enterprises (MSMEs) while simultaneously positioning the bank for future growth. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopias richest a billionaire. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. The company has more than 3,000 employees. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Shimao. February 6, 2023. Algeria . Moreover, she was also elected as Miss ECOWAS in 2013, winning a cash prize of $6,000 US dollars. Ketema Kebede created the self named KK Plc. Co-operative Bank Group (Co-op Bank), a Nairobi-based financial services group led by Kenyan banking magnate Gideon Muriuki, has successfully secured a total of $100 million in long-term debt from global institutional investors, with the German fund DEG and the Norwegian fund Norfund at the helm. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. in 1976, as a mere youth. After 22 years away from his homeland, Ermias would return with his experience in Wall Street's stock exchange and start innovative businesses in Ethiopia. He also explained the requirements for the special resolution to pass, stating that it must receive the support of shareholders holding a minimum combined stake of 75 percent. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Aliko Dangote: The first on the list is Aliko Dangote. A significant percentage of the countrys richest individuals are politicians. From there, he would buy oil refineries in Morocco and Sweden, engage in oil exploration off West Africa, open one of Africa's best hotels (Sheraton Addis), finance a factory to build Saudi's first car, begin gold mining, steel production, tire production and enter the oil market in Ethiopia. Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. This includes the landmark Marriott Executive Apartments in Addis Ababa. The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. In 2009, Belayneh's assets rose astronomically with his 134,000,000 ETB or 5,000,000 USD acquisitions of the famous Ethiopia Hotel (Addis Ababa) and the popular Ras Hotel (Adama/Nazreth). By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. Throughout the years, the company has delivered over 2,800 housing units with more on the way. Who are the richest celebrities in Ethiopia in 2023? who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? The company has more than 3,000 employees. 1. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. Tekleberhan Ambaye (Eng) began his rise to greatness in 1993, registering his self-named TACON or Tekleberhan Ambaye Construction Plc., with an initial capital of 5,000 ETB or 185 USD. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. Although no longer living, Mohammed Tures company is run by 6 members of the Ture family. 9. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. Ethiopia - $298.57 billion. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. The dictator himself looted a huge amount of money in the name of taxes from the common people and before the government was formed, he helped them in the loot of money. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. Beginning with small contracts, such as roof maintenance for Wabe Shebelle Hotel and slowly expanding, Samuel's hard work and integrity would cause his little company to blow up into the giant it is now: Sunshine Construction Group. Today, Suhura runs her khat empire from Jijiga with thousands of employees, a multitude of transport trucks, and even an airline of her own (Suhura Airways). Eyob Joe Mamo is an Ethiopian oil tycoon known for running and controlling half of the gas stations in Washington, D.C., through Capitol Petroleum Group, a leading wholesale distributor of petroleum services in the Metro D.C. area and New York City. Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Through the crafty use of his familys trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. Today, Eyob also called Joe owns and runs the privately owned Capitol Petroleum Group which controls over 41 percent of gas stations in Washington D.C. Tewodros Ashenafi is an Ethiopian entrepreneur and the CEO of SouthWest Energy, an Ethiopian oil and gas exploration and production company based in Addis-Ababa, the capital city of Ethiopia. Today, this company owns over a hundred. He serves as chairman of SouthWest Development, a leading player in Ethiopias oil and gas sector and the provider of various services to oil and gas companies. Today, the group maintains active operations in trade, transportation, construction material rentals, hotels, domestic business investments and product and service sales in Ethiopia and abroad. The youngest person to feature in the list is a 23-year old Shashvat Nakrani who founded the . Ethiopians are known to be hard workers and passionate about their chosen endeavors. The company today employs over 2,500 people with a dozen projects with contract values in the range of 5,000,000,000 ETB or 186,000,000 USD. Net Worth: Top 25 Famous, Richest Actors In Nigeria In 2023 (Highest-Paid Nigerian Nollywood Actors), Net Worth: Top 20 Richest Footballers In Africa In 2023, Their Names, Ages, Country, Forbes, Cars, Houses, Pictures, Etc, Accurate List: Top 10 Best Rappers In Africa In 2023; Their Names, Countries, and Rank, Net Worth: Top 10 Richest Rappers In Africa In 2023 (Highest-Paid African Rappers By Forbes), Net Worth: Top 10 Youngest Richest Men In Ghana In 2023 That Live Lavish Lifestyles, Ghanaian Fraud Boys: Top 10 Richest Scammers In Ghana In 2023; Their Net Worth, Names, Ages, Pictures, Net Worth: Top 20 Richest Musicians In Ghana In 2023 Most Successful Ghanaian Artists Now. Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are are living and enjoying life like the . It ranks fourth for private wealth held by individuals. What is the net worth of Ethiopia? Patrice Motsepes TymeBank partners with The Foschini Group, eyes 26 million South African customers, Runa Alams DPI closes African Development Partners III Fund at $900 million, exceeding $800-million benchmark, Adidas faces $10-million loss as Beyonces Ivy Park fails to meet expectations. Now, let's take a look at the top 10 in more detail. By 2011, Suhura was selling between 30-40 tons of khat every day and was also using Ethiopian embassies and consulates as a means of organizing sales worldwide. Wealth Milestones. Date of birth: 24th February 1967. Today, the group maintains active operations in trade, transportation, construction material rentals, hotels, domestic business investments, and product and service sales in Ethiopia and abroad. Azeb Mesfin - $4 Billion. 11 . Azeb Mesfin. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. His net worth at present is $500 million. . right away. As of Jan 2023, India has 166 billionaires which put the country third in the world, after the United States and China. Top 10 Wealthiest/Richest People In Ethiopia In 2023. Who is the first billionaire in Ethiopia? Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Egyptian businessman Ahmed El Sewedys electric company records over $185 million in profit in 2022, Egyptian mogul Medhat Khalils Raya Holding signs deal to expand entrepreneurship support programs, GB Auto, led by the Egyptian Ghabbour family, hits historic $344-million profit mark, Led by Egyptian tycoon Yasmine Khamis, Oriental Weavers profit dives below $31 million in 2022, Tunisian auto mogul Moncef Mzabis fortune drops by $8 million as shares in automobile retailer plunge, Ethiopian billionaire Mohammed Al-Amoudis net worth soars by $161 million, Somali tycoon Abdirashid Duale sends aid to Turkey-Syria earthquake victims as death toll crosses 44,000, Sudanese-British billionaire Mo Ibrahims net worth surges by $100 million, Ethiopian entrepreneur Dawit Abraham sells board game to Cape Town-based gaming startup, Somali mogul Ismail Ahmed shocks industry as Zepz surpasses $800 million in funding, Kenyan businessman Paul Ndungu lists prime Nairobi property for sale, Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA, Kenyan banker Gideon Muriukis Co-op Bank secures $100 million from global investors, Tanzanian billionaire Rostam Aziz pledges cheaper cooking gas amid $2.3-billion plant launch, Kenyan tech entrepreneur Paul Kimani takes startup to new heights with $2.7-million pre-Series-A funding, Nigerian banking magnate Jim Ovias Zenith Bank receives approval to restructure into a holding company, Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil, Aliko Dangotes sugar business reports impressive performance as profit surpasses $110 million in 2022, Indian billionaire Sunil Bharti Mittals Airtel Africa to boost its capital expenditure to $750 million in 2023, Nigerian billionaire Abdul Samad Rabius net worth skyrockets to $8 billion, eyes Africas top 3 richest spot, Microsoft joins forces with Strive Masiyiwas Liquid to bring internet to underserved African communities, South African billionaire Stephen Saad eyes million-dollar deals to revive COVID-19 vaccine production lines, Nicky Oppenheimer, Africas third-richest man, loses $430 million in 26 days, Bernard Arnaults LVMH sets sights on South African billionaire Johann Ruperts Richemont, South African tycoon Neal Froneman-led Sibanye-Stillwater posts lower earnings, Q&A with Nigerian mining entrepreneur Emotan Josephine Aburime-Shine, Ethiopian tycoon Negusse Hailu recounts his experiences with EABSC, Meet Osinachi Ukomadu, an African tech entrepreneur revolutionizing logistics, Meet the South African woman who has created the worlds first ocean water distilled gin, African Judo Union President: Businesses must support sport.
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