Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. His net worth at present is $500 million. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. Ketema Kebede created the self named KK Plc. A significant percentage of the countrys richest individuals are politicians. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. Here is a list of the billionaires and millionaires in Ethiopia in 2023. Mohammed AL Amoudi is one of the richest people in Ethiopia, as a matter of fact, Mohammed AL Amoudi was named the richest and the most extremely wealthy person in Ethiopia. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. Egypt - $394.28 billion. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Who is the richest person in the world 2021? Tekleberhan Ambaye (Eng) began his rise to greatness in 1993, registering his self named TACON or Tekleberhan Ambaye Construction Plc., with the initial capital of 5,000 ETB or 185 USD. The enterprise was established as an operating holding for subsidiary companies acting in various sectors, such as FMCG manufacturing, agriculture, agro-processing, printing and packaging, transport, real estate, cement production and coal mining. South Africa - $329.53 billion. Belayneh Kindie. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. 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. Mohammed Hussein Al Amoudi Biography. 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. Seyoum Mesfin - $1.8 Billion. The world's 10 richest people added $402 billion to their fortunes in 2021. With a degree in economics from Columbia University as well as an alumnus of the world renowned Harvard Business School, Tewodros well versed in the ways of international business would bring his knowledge to Ethiopia, after holding prominent positions in the west. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. 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. Ermias would create, develop and fund huge and lucrative businesses such as Royal Crown Mineral Water Factory (Highland water), Access Capital, Access Bank, Access Real Estate, Zemen Bank, and Jano Music Band among others. Seyoum Mesfin - $1.8 Billion. Below is a list ofthe top 20 richest Ethiopians in 2023. Mamo is the CEO of the D.C.-based group. Gerelta Business Plc. Who is the richest man in Ethiopia in 2022? When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. 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. He was named as Ethiopia's richest man, the 2nd richest black person in the world, and the 2nd richest Saudi Arabian, all this proves that Mohammed Al Amoudi has earned the title of tycoon. To add to this immense business portfolio, the Ture family also has a cement factory, a packaging and printing factory, and an aggregate production facility. Michael Prince for Forbes. It spans . Meles Zenawi - $3 Billion. 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. Source:Oil & Gas, Real Estate and Technology. 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. . He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. Co-op Bank, which is one of the largest financial organizations in East Africa, is led by Muriuki, a multimillionaire banker and businessman, who holds a two-percent stake in the leading financial services group. Aliko Dangote: The first on the list is Aliko Dangote. In the biggest companies and industries, she is a stakeholder and thus she has an estimated worth of $4 billion combining the worth of the dictator and all that she got out of the interests of the companies. Taking the position of Prime Minister of Ethiopia from 1995 (until his death in August 2012), Zenawi was hailed as one of Africas strongmen, introducing a multi-party political system, and private press in the country, and reducing child mortality rates. Who are the richest celebrities in Ethiopia in 2023? 2. It has the power to change the world.. Ermias would create, develop and fund huge and lucrative businesses such as Royal Crown Mineral Water Factory (Highland water), Access Capital, Access Bank, Access Real Estate, Zemen Bank, and Jano Music Band among others. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 2022. . He lives in Glencoe. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. Since its founding in 2005, the company has grown into one of the countrys largest exporters of sesame seeds and a leading Ethiopian agricultural commodities trader. in 1976, as a mere youth. 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. Read profiles and interviews, and see all the facts and figures for 2022 Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. Nigeria has the highest GDP, but Seychelles has the highest GNI per person. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . $92.413 billion (nominal, 2021 est.) He was also a member of the committee for the Endowment Fund For Relief Of Tigray. iwi masada aftermarket parts. Copyright 2023 allaboutETHIO.com All Rights Reserved. Nov 21, 2022. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. Mamo is the CEO of the D.C.-based group. Below is a list of the top 20 richest Ethiopians in 2022. coffee export, and coffee roasting and packing. Angola - $217.97 billion. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. Always looking to grow, Belayneh would spend a further 600,000,000 ETB or 23,000,000 USD to acquire a 40,000 sqm plot of land in Bahir Dar to build a 5 star resort and hotel. 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 . 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. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. 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. According to research conducted by Billionaires.Africa. 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 Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. Late last year, Musk became the first person ever to lose $200 billion in wealth after his net worth slid from some $340 billion in Nov. 2021 to $137 billion in Dec. 2022. 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. In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. Who is the richest person in Uganda 2021? Buzayehu's East African Holdings is made up of several sister or subsidiary companies involved in manufacturing fast moving consumer goods, printing and packaging, agriculture (commercial farming), transport, agro processing, cement production, real estate, coal mining, coffee export, and coffee roasting and packing. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. 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. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. 3. Whitney MacMillan (conceived September 25, 1929) is a beneficiary to the Cargill-MacMillan fortune and filled in as the CEO of Cargill, America's most significant privately owned business. He was also heavily involved in the US War on Terror, helping to eliminate military organisations such as Al Qaeda. (Sponsored Content) Published. 1 / 63. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. 2. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. began its explosive rise as one of Ethiopias largest business enterprises. This billion-dollar deal is Ethiopias largest-ever privatization agreement. Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. He is still one of the most influential people in the whole of Ethiopia today. Tashitaa Tufaa grew up on his family's farm in the Oromia region with his 13 brothers and sisters, working there till he came of age. 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. richest nigerian in houston. 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. The $161 million bump in his wealth figures can be attributed to the strong performance of his industrial assets in Ethiopia, Saudi Arabia, and Sweden, which continues to track the performance of publicly . This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are living and enjoying life as the Westerners do. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. Jimoh Ibrahim - $1.1 billion. 2. 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. 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: . He was a part of the diplomatic works that were used by the dictator for money laundering. Fluent in Arabic, Swahili, English, and Amharic the multilingual Ermias would drop out from Haile Selassie I University after only a year and move to the United States, where he would study and become an economist. He was also the chairman of the Tigrayan Peoples Liberation Front (TPLF) and the head of the Ethiopian Peoples Revolutionary Democratic Front (EPRDF) during the eighties. 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. Ethiopia has a great environment for coffee cultivation. Moreover, she was also elected as Miss ECOWAS in 2013, winning a cash prize of $6,000 US dollars. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. 91. 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. With subsidiaries such as Kingdom Securities Limited, Co-op Trust Investment Services Limited, Co-operative Consultancy & Insurance Agency Limited, Kingdom Bank Limited, and the Co-operative Bank of South Sudan, Co-op Bank serves as the primary banker for Kenyas SACCOs. Having ten children, Suhura planned to retire from her business and go on an extended pilgrimage in 2010, but her 4 eldest sons managed to incur losses of up to 1,000,000 Euros in a short period of time. Akikos deal with the EEP or Ethiopian Electric Power would make her the first Ethiopian to build a privately owned and operated a solar plant in the country. This billion dollar deal is Ethiopia's largest ever privatization agreement. Mohammed Al Amoudi, the son of a Saudi father and an Ethiopian mother is Ethiopias richest businessman. 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. Ethiopian Rich List: Wealthiest Persons In Ethiopia: Mohammed Al Amoudi - $8.45 Billion. 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. With annual revenue of more than $100 million, Ethio Biography places his net worth at $1.6 billion. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. $180 Billion. 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. . It is also one of the world's fastest-growing economies. In 2010, she retired from the group, leaving her empire to be managed by her sons. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. Catch New Video Here: https://bit.ly/2ZxWEKL Ethiopia - $298.57 billion. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. 11 . 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. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . Tekleberhan has also opened up Edna Mall, housing a modern movie theater, and one of only two countries in Africa that receive Hollywood movies directly upon their release. $288.56 billion (PPP, 2021 est.) Kanye West has made it to the top of the list this year by beating Jay-Z. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. The bank first operated in Uganda as the National Bank of India in 1906. 3. Estimated net worth: $4 billion. Beginning his career with Merril Lynch & Co. in New York, Tewodros would go on to be a consultant for large multinational corporations looking to invest primarily in South America and the Commonwealth of Independent States. She is the widow of the late dictator Meles. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). 1. Young Rich List wealth takes $11b hit after tech plunge. He would start the ardous climb to success by working various jobs, sometimes three at a time. Eyob "Joe" Mamo. Barack Obama said that Zenawi deserves recognition for his lifelong contribution to Ethiopias development, particularly to the poor. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. right away. The market value of Muriukis two-percent stake in Co-op Bank is now worth Ksh1.48 billion ($11.7 million). Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. Aside from his ownership stake in the group, Bizenu control companies such as Bizenu Investments Plc, East African Agri-Business Plc, Cosmar East Africa Business Plc, East African Group (Eth) Plc, East African Tiger Brands Plc, Ethio-Asia Industries Plc, National Cement S.C., East African Coal Mining Corporation Plc, and a host of other companies. His sibling Naguib . To add to this immense business portfolio, the Ture family also has a cement factory, a packaging and printing factory, and an aggregate production facility. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. He is presently the Ethiopian ambassador to China. Top 20 Richest People In Pakistan and Their Net Worth 2022. However, less than 3,400 are ultra-high net-worth individuals. 1. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . Throughout the years, the company has delivered over 2,800 housing units with more on the way. Date of birth: 24th February 1967. in 1976, as a mere youth. As a local partner in Ethiopia for Japan Tobacco International, he closed a $1.4-billion deal to acquire a 40-percent interest in Ethiopias National Tobacco Enterprise. 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. He is a politician from the ruling party in Ethiopia. The total valuation of Australia's 100 richest people aged 40 and under is diminished, but you still need $35 million to get on the list . At the time of writing, Co-op Bank shares on the Nairobi Securities Exchange were trading at Ksh12.5 ($0.0985), 4 basis points lower than their opening price this morning, pushing the companys market capitalization further below the Ksh74-billion ($580 million) mark. Kwabena Duffuor Net Worth - $680 Million. Eyob Mamo left for the United States in 1981 as a young boy. The enterprising Samuel would land a job as a construction worker upon completing high school and go on to study engineering at Addis Ababa University. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. 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). This was the beginning of his journey to financial success. Meles Zenawi - $3 Billion. Liya Kebede . He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. As a local partner in Ethiopia for Japan Tobacco International, he closed a $1.4-billiondeal to acquire a 40-percent interest in Ethiopias National Tobacco Enterprise. 2. The California based technology entrepreneur is the Board member and co-founder of . who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? By 1988, Al Amoudi's company MIDROC or Mohammed International Development Research and Organization Companies would land a 30,000,000,000 USD or 810,000,000,000 ETB contract to build an underground oil storage complex for Saudi Arabia. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. As per the index, President Dangote Group, Aliko Dangote, has retained his position as the continent's wealthiest man for the eleventh year in a row with a net worth of $20.5 billion, up from $20.3 billion last month. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. He was previously in the position of foreign affairs minister where he had a lot of power over trade. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. Recently, Akiko, along with the Italian Enel Green Power, were to sign a 3,240,000,000 ETB or 120,000,000 USD to develop, operate and build a solar power generation plant in Metehara. Nega was one of the most powerful men in Ethiopia. Mohammed Al Amoudi - $8.3 Billion. One of the factors contributing to . Xu Rongmao & family. By 2015, Belayneh would go on to invest in Ethiopia's agricultural sector with the initial payment of 25,000,000 ETB or 1,000,000 USD for 250 hectares of land for the cultivation of sesame, coffee, etc. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. Bill Gates. Top 10 Universities in Africa; 20 Interesting Facts about Africa; Top 100 richest people in africa; Top 7 most developed African countries; Richest Person In Kenya And Top 10 Wealthy Kenyans; Turkey is to completely erase all Somalia's debts to the IMF; 10 trending Kaftan outfit ideas for grooms-to-be; 5 highest paid African football players . Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. He has enough influence inside the party because he is a veteran there. Ndegwas stake in NCBA has dropped by Ksh219.82 million ($2.39 million) as a result of the recent decline in the banks share price, from Ksh2.82 billion ($22.85 million) at the start of the year to Ksh2.6 billion ($20.46 million) at the time of writing this report. 8. list of the billionaires and millionaires in Ethiopia. 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. Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. Azeb Mesfin. February 6, 2023. Ermias Amelga was born in Addis Ababa but would move to Egypt and later to Kenya but would be returned to Addis Ababa to study secondary school and university.
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