Meet 5 Ethiopian entrepreneurs, who own businesses with annual revenues of $50 million or more. Save my name, email, and website in this browser for the next time I comment. 2023 Fortune Media IP Limited. The government of Ethiopia has given due attention for the agroindustry sector, and put in place directives to attract more investors to this area of investment. Worku Aytenew, a well-known business mogul in the country, is in the process of establishing private Aviation Company. Worku Aytenew is an Ethiopian business tycoon who loves his country and the people! 153 Following. Deputy Prime Minister Demeke Mekonnen, Presidents of Amhara, Ormoia and Sidama Regional States Agegnehu Teshager, Shemelis Abdissa and Desta Ledamo, among others have accompanied the Prime Minister at the inaugural ceremony. Worku is the latest to join the lucrative cement market, with renowned tycoons, Buzuayehu T. Bizenu, owner of National Cement, and Al Amoudi, major shareholder of Derba Cement, staying in the business for over a decade. #The_Story_Behind_Millionaire_Worku_aytenewSubscribe# my you tube channelhttps://m.youtube.com/channel/UC9PJZrazMOIoIPqks0SxIBgFollow facebook group . Tigrayans: A Nation Fighting a Genocide - Tghat Terms & Conditions. Origins Business wishes all Ethiopian Christians a very joyful Gena! View in Telegram. "Worku Aytenew Net Worth 2022 Profile Wife Age https://t.co/z34EHJUhFQ" Sources: Bloomberg; S&P Global. He financially supports and motivates the army. Tewodros Ashenafi is a prominent Ethiopian businessman who has established one of the few multi-million and billion dollar empires in Ethiopia. The 10 Richest People in the World With a net worth of $304 billion, Elon Musk is the wealthiest in the world. The cement market has also attracted the attention of global investors after the government opened the sector to foreign competition with an investment regulation approved two years ago. He was ranked among the wealthiest men in Ethiopia by Forbes in 2017. 1,601 talking about this. Manage Settings Here's the net worth each generation says you need to be considered wealthy in 2021: Millennials (ages 24 to 39): $1.4 million. Worku Aytenew is also a pace-setter in the fight against the Tigrayan Peoples Liberation Front (TPLF) supporting the Ethiopian government of Prime Minister Abiy Ahmed. 105 Followers. Lelisse Neme, Commissioner of EIC said in a presser on Tuesday that the plan was to attract FDI of $3.63 billion in nine months. The company also owns an acrylic yarn dyeing plant, and is also engaged in the import and distribution of heavy-duty machineries and equipment for mining, construction, road making and quarrying. In addition to being a prolific writer, Sophonias is also a public speaker and tech enthusiast who believes in harnessing technology to improve the lives of Ethiopians. Save my name, email, and website in this browser for the next time I comment. The Businessmen, via their representatives, pledged continued support till the government accomplishes law enforcement measures it has been carrying out against the TPLF rebel group. It will have the capacity to produce 12,000 tons of cement daily. *****. Businessmen donate 150 oxen to Military amid governments law enforcement measures. Bell Textron has made the first delivery of its Bell 505 helicopter to a corporate. I chronicle Africa's success stories and track its richest people, 2013. More importantly, his name is best known for supplying palm oil to the local market at a regulated price point to attain corporate social responsibility to support the lower of the pyramid consumer base. Currently, Sophonias writes articles for www.typicalethiopian.com on a part-time basis. Cabinet approves draft proclamation to automate public procurement Akiko Ambaye, one of Ethiopia's most prominent female business leaders, is the founder of Orchid Business Group (OBG), an Ethiopian construction company engaged in road . In the same year, Worku joined the aviation industry with an investment capital of USD 40 million. Our company comes into existence from a vision of its founder, Worku Aytenew, who invested in the Palm Oil importation business, commercial farming, mining, aviation, and real estate. Post a job, swipe right on the applicant profiles, get matched, chat instantly and schedule interviews right away. In addition, most of them are known for their noble philanthropic activity. Currently, there are 13 cement companies that are operational, with an installed capacity of 15.4 million tons. Representative of Worku Aytenew and Belayneh Kinde, Sisay Taddesse and Asmamaw Alene handed over the cattle to the regional logistics support mobilization committee at Gondar City. TopEthiopia Ethiopian news on Twitter: "Worku Aytenew Net Worth 2022 Mr. Aytenew purchased Bell 407 Helicopter, and now this Helicopter will be used for commercial aviation services, according to reports. The Story Behind Millionaire Worku aytenew - YouTube Figures are for the latest twelve months ended Oct. 31, 2022. Speaking during Julys Farnborough air show, Tasew says the roadmap is tailored around fast, profitable, sustainable growth and will, Read More New Ethiopian Airlines chief aims for near-doubling of fleet under 2035 roadmapContinue, Spread the NewsArifPay, a fintech company, has introduced new scheme, which enables Small and Micro Enterprises (SMEs) to get a loan from banks. Tewodros is the founder and chairman of SouthWest Holdings Ltd. Additionally, he founded and serves as CEO of SouthWest Energy (HK), an African-owned oil and gas exploration firm that ranks among the top 10 acreage owners in East Africa. Top 10 Sexiest & Beautiful Ethiopian Models with Pictures -, Cost Accountant Woda Metal Industry PLC Vacancy Announcement, Cashier Woda Metal Industry PLC Vacancy Announcement, Accountant The Ethiopian Red Cross Society (ERCS) Vacancy Announcement, (Re-advertised)Manager-Business Planning and Consolidation Safaricom Ethiopia Vacancy Announcement, Top 10 Profitable Business Ideas in Ethiopia, How to Open Diaspora Account in Ethiopia | Guideline and Benefits. All Rights Reserved. It is to be recalled that Ethiopia inaugurated a 4.5 Billion Birr Edible Oil Giant in Bure town, Amhara region on April, 2021. While he was at Columbia University, he studied under the guidance of a Nobel Prize winner in Economics, Professor Edmund Phelps. Fifty-one billionaires. Your email address will not be published. Continue with Recommended Cookies. Tigrayan Peoples Liberation Front (TPLF), The Rise of Mohamed Alabbar: An In-Depth Look at His Business Ventures and Net Worth, Ermias Amlega | Childhood, Achievements & Net worth, Tedros Adhanom | Achievement, Family & Net Worth, Hermela Aregawi | Childhood, Achievements, Family & Net Worth, Collector/Account Receivable Clerk Hilton Addis Ababa Vacancy Announcement, Berhan International Bank S.C Vacancy Announcement, National Transport plc Vacancy Announcement, Eshet Micro Finance Institution S.C Vacancy Announcement, Top 10 Profitable Business Ideas in Ethiopia, How to Open Diaspora Account in Ethiopia | Guideline and Benefits. The company has helped 500 hundred farmers to help themselves by providing raw materials for the company. 5 Ethiopian Multi-Millionaires You Should Know - Forbes Worku's company managed to import and distribute ETB 5 billion (USD 200 million) worth of palm oil through its trading business. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. By utilizing HR-approved Resume Templates, jobseekers can now build a professional curriculum vitae in minutes. Worku Aytenew is an Ethiopian millionaire and business mogul who owns many huge companies in different parts of Ethiopia. The FDI, Read More Ethiopia attracts $2.43 bln FDI in nine monthsContinue, Spread the NewsTakele Uma (Eng. The factory is an oilseed crushing and crude oil refining factory that produces sunflower oil, soybean oil, sesame seed oil, and palm oil. Worku Aytenew Biography | Childhood, Business, Charity & Net Worth Since February, its valuation has jumped roughly $25 billion, placing it among the most valuable private companies worldwide. Officials expect that companies in the pipeline will narrow the current demand-supply gap, while existing factories will use at least 85 percent of their installed capacity on average. On top of that, Worku, 2020, launched a mining project. Get to know more about the applicants profile that goes beyond the resume. Besides, we have harvested rice for the local market supply. The company has its head office in Addis Ababa, the capital of Ethiopia. Joined April 2021. He started his business from scratch. Elementor #2576 - Welcome to Ethiopian Business Link (ETB) Before embarking on a writing career, he had already begun a successful career in the electromechanical engineering field, having earned his degree from Addis Ababa Science and Technology University. Proud Of Ethiopia And Proud of orthodox. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Match with a candidate that is perfect for your company at your fingertips. Your email address will not be published. Worku Aytenew to set up Aviation Company - ORIGINS BUSINESS Cement producers have faced disruption due to security concerns in some areas. 9. All you have to do is swipe right to match. All federal institutions will be authorized to make purchases only through the use of electronic means beginning A new legislation dubbed the National Spatial Development Framework is underway to guide investments and infrastructure development based on the resources of locations in MIDROC Gold in Hot Water again, denies damaging the environment, Hides consumption for food in West Africa swells Ethiopias export, Governor anticipates finalizing banking open-up legislation in two months, Go digital or no procurement next year: authority warns federal agencies, Legal framework in pipeline to guide investment locations, infrastructure development. . Even though there has been political and economical instability in Ethiopia, these business-minded individuals manage to create sustainable and profitable businesses for themselves and their country. Currently, Sophonias writes articles for www.typicalethiopian.com on a part-time basis. Moreover, he also serves as Chairman of Ambo Mineral Water, a well-known mineral water bottler in Ethiopia. The new aviation company under establishment is dubbed Gold Star Aviation. From the land, they manage to grow soya beans so that they can be a raw material for the Oil Factory. . About W.A Oil Factory & Distribution PLC Jobs in Ethiopia - Ethiojobs As a developing African nation by Sophonias Woldu | Mar 20, 2023 | Business. #The_Story_Behind_Millionaire_Worku_aytenewSubscribe# my you tube channelhttps://m.youtube.com/channel/UC9PJZrazMOIoIPqks0SxIBgFollow facebook group https://m.facebook.com/groups/2203023900027444/?ref=group_browseFollow telgram channel t.me/cityboyentertainmentFollow instagram page https://www.instagram.com/p/CH8aiiQBqh_/?igshid=530egtphr6vzFollow tik tok pagehttps://vm.tiktok.com/ZSbKDLWN/zehabesha news, ethiopia, shukshukta news, eritrea news, best ethiopia music 2020, seifu on ebs, esat, shukshukta, dr abiy ahmed, esat news, teddy afro, ethiopian girl,#Top5StunningEthiopianArtistsByRank #MaramawitAbate #FryatYemane #Addisalem #ZeriruKebede #DanaitMekbeb #waziworld #mikishow #senseletdrama #SaronAyelign #HuluDaily #FryatYemene #Seifufantahun #seifufantahunonebs #Ashurka #ashruka #ethiopianmovie #ashrukaamharic #ethiopianewmusic #hopeentertainment #ashrukachannel #calebmeakins #ethiopianartist #ethiopiancomedy #ebs #ashrukamedia #Akukulu #Mikael # # #NahooTv #Nahoo #ethiopia #ethiopian #addisneger #diretube #DrAbiy #Ahmed #Abiy # # # #SeifuonEBS #Seifufantahun #NewEthiopianMusic #tigrignamusic #ebstv #JTVEthiopia #HopeMusicEthiopia #AbyssinyaVine #ZEMENTV #SundayWithEBS #LTVWorld #MinewShewaTube Kana Television | Nahoo TV | Kana TV | Kana rama | Kana Television | EBS TV WorldWide | JTV Ethiopia | LTV Ethiopia | ENN Television | New Ethiopian music | New Ethiopian Movie | Hope Music Ethiopia | Gursha Tube | Entewawekalen Wey | Zemen Drama | Dana drama | Welafen drama | Betoch Comedy | Minew Shewa Tube | Sodere TV | Arada movies1 | EthioAddis | Official Teddy Afro | ESAT TV | Ethiopia | Addis Neger | EthioTimes | AddisInfo | AddisOut | AddisTimes | CNN | BBC | EthiopiKdramaenselet drama | Helen bedilu tube | New Amharic Drama | VOA Amharic | DW Amharic | Tenaadam | EthioTimes | EthioNow | Zehabesha | Hiber Radio | BBN Radio | Admas Radio | Yoni Magna, Dire Tube | Mogachoch, EthioTube | Dana Drama | Derso Mels Drama | Ayer Bayer Drama | Amen Drama | Meleket Drama | Habesha Movies | Habesha Comedy | Arada Cinema | Guragegna Music | Oromigna Music | Tigrigna Music | Amharic Music | Ethiopian Music | DireTube | MinLitazez | Ethiopian Comedy | Ethiopian Drama | Ethiopian Movies | Ethiopian Music Fana Television | Nahoo TV | Kna TV | Kana drama | EBS TV WorldWide | JTV Ethiopia | LTV Ethiopia | ENN Television | New Ethiopian music | New Ethiopian Movie | Hope Music Ethiopia | Gursha Tube | Entewawekalen Wey | Zemen Drama | Dana drama | Welafen drama | Betoch Comedy | Minew Shewa Tube | Sodere TV | Arada movies1 | EthioAddis | Official Teddy Afro | ESAT TV | Ethiopia | Addis Neger | EthioTimes | JTV Min Addis | AddisOut | AddisTimes | CNN | BBC | Ethiopia | Senselet drama | Helen bedilu tube | New Amharic Drama | VOA Amharic | DW Amharic | Tenaadam | EthioTimes | EthioNow | Zehabesha | Hiber Radio | BBN Radio | Admas Radio | Yoni Magna, Dire Tube | Mogachoch, EthioTube | Dana Drama | Derso Mels Drama | Ayer Bayer Drama | Amen Drama | Meleket Drama | Habesha Movies | Habesha Comedy | Arada Cinema | Guragegna Music | Oromigna Music | Tigrigna Music | Amharic Music | Ethiopian Music | DireTube | MinLitazez | Ethiopian Comedy | Jossy In The House ShowKana tv, Kana drama, EBS TV, Jtv ethiopia, New Ethiopian music, New Ethiopian movie, Hope music ethiopia, Gursha tube, Entwawekalen, Zemen drama, Dana drama, Welafen drama, betoch, minew shewa tube, Sodere tv, Arada movies1, Official Teddy Afro, ESAT TV, Ethiopia, Addis neger, CNN, BBC, Ethiopia, Senselet drama, Helen bedilu tube, new Amharic Drama, Voa Amharic, Tenaadam, 3 , teddy afro, eyoel dema, ethio 360, ethioinfo, addis neger top 10, ebs tv, ethiotube, ethiopian artist, ethiopian women, ethiopian wedding, , , , , , , , , Workday | 2022 Fortune 500 | Fortune The company made imports with an annual transaction close to ETB 1 billion (USD 35 million) over 5 years. ), Minister of Mines said that the government has deployed security forces as some cement factories forced to cease production due to lack of stability in their production areas. Afterward, Al Amoudi broadened his business by buying oil refineries in Sweden including Svenska Petroleum Exploration and Preem, which is one of Swedens biggest oil refineries. He writes articles about philosophy, theology, his native Ethiopia, and basically anything and everything else. Search for your future star employee with a simple swipe right. Ashenafi is the chairman and co-owner of Ambo Mineral Water, Ethiopias bestselling naturally-carbonated bottled mineral water, along with beverage giant SABMiller. He financially supports and motivates the army. Total Return to Investors (5 year, annualized), Total Return to Investors (10 year, annualized). Worku Aytenew (@alelign_amanuel) / Twitter This huge factory was erected in Debremarkos in Amhara Regional State, on a leased land size of 101,103m2. Before embarking on a writing career, he had already begun a successful career in the electromechanical engineering field, having earned his degree from Addis Ababa Science and Technology University. In addition to oil, the factory also produces soap detergents. He believes in investing in diversified high-risk high return business opportunities that create more socio-economic benefits to the country and pays off attractive dividends in long term to its shareholders. The support is said to amount more than 4 Million Birr, according to sources. He was one of the businessmen who supplies palm oil to the local market at a regulated price point with the objective of attaining corporate social responsibility . We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. is a must for skills-based organizations that want to move at the speed of future business, 5 top CFOs on what it takes to become a strategic leader, Not the best idea: Workday co-CEO Aneel Bhusri doesnt like the SECs effort to measure and regulate ESG, Why employee experience must remain a priority, Emerging CFO: Addressing the Talent Gap with Advanced Technologies, CFO Dinner: Generative AI and the Future of Finance, Strengthen your core with this one minute exercise, The Emerging CFO: Rethinking KPIs In the Digital Era, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Net Worth by Age Percentile Calculator - United States - DQYDJ On the account of this, Worku Aytenew launched an oil factory named W.A. Excellent platform for recruiters to hire the best-suited candidate for the work profile. Post any number of jobs for free of cost. @alelign_amanuel hasn't Tweeted. The company is also one of the largest exporters of Ethiopian coffee, cereals and spices. Net worth you need to be financially comfortable in 2021 - CNBC Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Worku is also seeking a partner for the new cement factory, while he has already requested to lease 150 hectares of land for the construction of . One of Ethiopia's wealthiest investors, Worku Ayetenew begins a process to build a cement plant with an investment capital of USD one billion. Eyob "Joe" Mamo. Its about time we said goodbye to ignored e-mails, zero-response applications, and cold-callings. Many Ethiopians live outside of the country. Get matches based on applicant's profile, as well as their interest in joining your company. Ethiopia's parliament elected Mulatu Teshome to be the country's new president today, for a six-year term in a largely symbolic and ceremonial post. @alelign_amanuel. Deputy Chief Administrator of Central Gondar Zone and Coordinator of Gondar area Logistics Support Mobilization Committee, Bantihun Mekonnen said the contribution indicates how the community is supporting the law enforcement measures being taken by the government to ensure law and order. Worku Aytenew is also a pace-setter in the fight against the Tigrayan People's Liberation Front (TPLF) supporting the Ethiopian government of Prime Minister Abiy Ahmed. 6 talking about this. The minimum net worth needed to gainor hold ontoa spot on the list this year jumped to $2.9 billion. Workruit helps you match with qualified professionals, instantly. It is stated on the occasion that the edible oil giant has a capacity of processing over 1.5 Million Liter of oil on a daily basis. TopEthiopia Ethiopian news on Twitter: "Worku Aytenew Net Worth 2022 Workruit understands that you are busy building your company and is here to help you save time in finding the right talent. Report. owns a number of companies with annual revenues in the millions, potentially placing him among Ethiopias top ten wealthi. Worku Aytenew to build $1 bln worth cement plant - The Reporter Ethiopia The information included in this article is collected from different websites and interviews.var cid='6693868498';var pid='ca-pub-4442296776032485';var slotId='div-gpt-ad-typicalethiopian_com-box-3-0';var ffid=1;var alS=1002%1000;var container=document.getElementById(slotId);var ins=document.createElement('ins');ins.id=slotId+'-asloaded';ins.className='adsbygoogle ezasloaded';ins.dataset.adClient=pid;ins.dataset.adChannel=cid;ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.style.maxHeight=container.style.minHeight+'px';container.style.maxWidth=container.style.minWidth+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true}); When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. On the other hand, in the Amhara region, the sites are found in Debremarkos and Debrework.var cid='6693868498';var pid='ca-pub-4442296776032485';var slotId='div-gpt-ad-typicalethiopian_com-medrectangle-3-0';var ffid=1;var alS=1021%1000;var container=document.getElementById(slotId);var ins=document.createElement('ins');ins.id=slotId+'-asloaded';ins.className='adsbygoogle ezasloaded';ins.dataset.adClient=pid;ins.dataset.adChannel=cid;ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.style.maxHeight=container.style.minHeight+'px';container.style.maxWidth=container.style.minWidth+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true}); Beyond this, Worku is engaged in the farm business launching a company named Worku Farms PLC. Tweets & replies. Along with his success in business, Tewodros has a degree in Economics from Columbia University and is an alumnus of the Harvard Business School. The Indigenous World 2023: Ethiopia - Academia.edu -Worku Ayitenew | Addis Ababa - Facebook Owing to this, Worku gained more popularity and fame in his country.var cid='6693868498';var pid='ca-pub-4442296776032485';var slotId='div-gpt-ad-typicalethiopian_com-box-3-0';var ffid=1;var alS=1002%1000;var container=document.getElementById(slotId);var ins=document.createElement('ins');ins.id=slotId+'-asloaded';ins.className='adsbygoogle ezasloaded';ins.dataset.adClient=pid;ins.dataset.adChannel=cid;ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.style.maxHeight=container.style.minHeight+'px';container.style.maxWidth=container.style.minWidth+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true}); Worku Aytenew was born in Debrework, Gojam Province, Ethiopia. Sign up here to get the latest news & updates. With Workruit, we have revolutionized the tedious recruitment process, and replaced it with a simple and an intelligent "swipe right to hire" method. He has invested in the palm oil importation business, commercial farming, mining, aviation, and real estate. Worthington, MN Unemployment Rate - YCharts Worku Aytenew also extended support of 200 quintals of wheat flour to the military and Amhara Region Special Force. Hours Per Day. With an investment close to ETB 3.5 billion he has built many residential and commercial buildings in Addis Ababa and Amhara region. New Ethiopian Airlines chief aims for near-doubling of fleet under 2035 roadmap, ArifPay launches new approach for SMEs to get loan from banks, Ministryin talks with international companies to develop gas reserves, Ethiopia attracts $2.43 bln FDI in nine months, Govt deploys security forces as cement industry faces persistent challenges. Addis Ababa, June 7, 2021 (FBC) - Prime Minister Abiy Ahmed along with other high officials have today inaugurated WA Edible Oil Factory built by known Ethiopian investor Worku Aytenew at cost of 5.2 Billion Birr in Debre Markos town, Amhara region. Media. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. His academic progress was only limited to sixth grade. The consent submitted will only be used for data processing originating from this website. However, their actual capacity is only 6.3 million tons, which is an outcome of an aging machinery and lack of maintenance, among others. Other main business sectors of Worku Aytenew include the aviation industry, import-export, farm, and real estate. This diaspora community is estimated to be around 3 million strong, with by Sophonias Woldu | Mar 18, 2023 | Business, Entertainment. If you have Telegram, you can view and join Worku Aytenew . PM Abiy, high officials inaugurate 5.2bln Birr WA Edible Oil Factory in Briefing journalists on the ministrys six month performancereportMinister of Mines EngineerTakeleUmmasaid that his ministry was holding discussion with giant global oil companies on ways how it can develop, Read More Ministryin talks with international companies to develop gas reservesContinue, Spread the NewsEthiopian Investment Commission (EIC) announced Tuesday that the country has attracted a Foreign Direct Investment (FDI) of $2.43 billion in nine months of the current fiscal year. 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