He founded the company in 2005 to primarily export oil seeds and subsequently expanded into other commodities such as sesame seeds and nuts. The new aviation company under establishment is dubbed Gold Star Aviation. Moreover, Worku gave two V8 and two Hiruf cars to help the government in the eradication of the Coronavirus. While 60 % of the companys product is for local consumers, the remaining is exported to foreign countries. Hourly Pay. Find the best jobs at your fingertips. The consent submitted will only be used for data processing originating from this website. Required fields are marked *. . The company made imports with an annual transaction close to ETB 1 billion (USD 35 million) over 5 years. View in Telegram. He, with his family, founded Wudassie Diagnostic Center (WDC) in 2008. He was ranked among the wealthiest men in Ethiopia by Forbes in 2017. Excellent platform for recruiters to hire the best-suited candidate for the work profile. PM Abiy, high officials inaugurate 5.2bln Birr WA Edible Oil Factory in Debre Markos town. PK. However, it worth noting that there have not been violent outright ethnic conflict other than the Mejenger zone conflict in Gambella region. Search for your future star employee with a simple swipe right. Post a job, swipe right on the applicant profiles, get matched, chat instantly and schedule interviews right away. One of Ethiopias wealthiest investors, Worku Ayetenew begins a process to build a cement plant with an investment capital of USD one billion. On top of that, Worku, 2020, launched a mining project. 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. Ambo Mineral Water is a big brand in Ethiopias beverage sector and is a subsidiary of Coca-Cola Beverages Africa. 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. This huge factory was erected in Debremarkos in Amhara Regional State, on a leased land size of 101,103m2. Origins Business wishes all Ethiopian Christians a very joyful Gena! The factory is an oilseed crushing and crude oil refining factory that produces sunflower oil, soybean oil, sesame seed oil, and palm oil. SOURCE: Agricultural commodities, Import & Export, Palm Oil factory, Real estate, Diversified Many Ethiopians live outside of the country. Sign up here to get the latest news, updates and special offers delivered directly to your inbox. The company has farmlands in Amhara and Benshangul zone, and the business took and cultivated 2,000 hectares in May 2019. The minimum net worth needed to gainor hold ontoa spot on the list this year jumped to $2.9 billion. It is even told that, when Worku was in prison for 9 years, he used to make money washing the clothes of other prisoners. Sophonias Woldu is an Ethiopian author with an outstanding skill for crafting unique and captivating articles that explore different aspects of life. Besides addressing the local edible oil demand, the factory is said to export sesame seed edible oil to several countries of the world. Accordingly, the SMEs can get, Read More ArifPay launches new approach for SMEs to get loan from banksContinue, Spread the NewsByKaleyesusBekele The Ministry of Mines disclosed that it is holding talks with various international oil firms to develop the natural gas reserves found in theOgadenbasin. 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 | Amhara Fano***** . He is also the founder and CEO of oil exploration firm SouthWest Energy, one the largest oil and gas acreage holders in East Africa. 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. In 2016, Forbes estimated his net worth to be approximately $10.9 billion. Mulatu Teshome speaks after being sworn in as Ethiopia's new president in Addis Ababa on October 7, [+] 2013. Here's the net worth each generation says you need to be considered financially comfortable in 2021: Millennials (ages 24 to 39): $618,000 Gen X (ages 40 to 55): $717,000 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. He owns a number of companies with annual revenues in the millions, potentially placing him among Ethiopias top ten wealthiest people. Schedule interviews on the app and track the entire recruitment process, all in one place. Just six days into the new year, Elon Musk became the world's richest person in 2021 His personal fortune is $188 billion, up 548% from one year ago Tesla shares are up 1,030% since the market bottom in 2020 Elon Musk's rocketing net worth may be the fastest accumulation of wealth in history Elon Musk is the World's Richest Person in 2021 He names the center after the first name of Dawits wife Wudassie Enquberhan. This diaspora community is estimated to be around 3 million strong, with by Sophonias Woldu | Mar 18, 2023 | Business, Entertainment. Forbes used stock prices from September 3, 2021 to calculate net worths for the list. Gen X (ages 40 to 55): $1.9 million. Copyright - Media And COmmunications Center. He had an inquisitive mind from a young age and was always fascinated by the power of language and words. Boosting his wealth is a $100 billion valuation of SpaceX. It is to be recalled that Ethiopia inaugurated a 4.5 Billion Birr Edible Oil Giant in Bure town, Amhara region on April, 2021. In addition, Worku has built many houses for many of his countrymen. Worku Aytenew is an Ethiopian business tycoon who loves his country and the people! 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 . The naturally carbonated bottled mineral water, which comes from the Ambo springs, is popular both in Ethiopia and abroad. 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. Worku's company managed to import and distribute ETB 5 billion (USD 200 million) worth of palm oil through its trading business. Tweets. It will have the capacity to produce 12,000 tons of cement daily. Sign up here to get the latest news & updates. Those SMEs have been using ArifPay, a digital transaction system an electronic platform for small shops to manage their sales and modernize their manual inventory system. an estimated 3.5 million livestock have died between late 2021 and mid-May 2022, and herd sizes are . Figures are for the latest twelve months ended Oct. 31, 2022. Get to know more about the applicants profile that goes beyond the resume. Currently, Sophonias writes articles for www.typicalethiopian.com on a part-time basis. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Sign up here to get the latest news & updates. He has invested in the palm oil importation business, commercial farming, mining, aviation, and real estate. All you have to do is swipe right to match. 2023 - Welcome to Fana Broadcasting Corporate S.C. All Rights Reserved. This will be the biggest investment he has ever made, next to the five billion birr edible oil plant he inaugurated last year, with his latest venture being in Ahadu Bank. Join Facebook to connect with Worku Aytenew and others you may know. 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. Your email address will not be published. Customize the salary calculator by including or excluding unpaid time, such as vacation hours or holidays. . Worku gave 5 apartment buildingsto accommodate health service providers, returnees, and, patients forquarantineand isolation. SOURCE: Oil & Gas, Real Estate, Technology, Diversified. Total Return to Investors (5 year, annualized), Total Return to Investors (10 year, annualized). Worku Aytenew to build $1 bln worth cement plant By Selamawit Mengesha August 20, 2022 It will have the capacity to produce 12,000 tons of cement daily One of Ethiopia's wealthiest investors, Worku Ayetenew begins a process to build a cement plant with an investment capital of USD one billion. After moving to Saudi Arabia at the age of 19, Al Amoudi built a fortune in the construction and real estate industries. Cement producers have faced disruption due to security concerns in some areas. As a developing African nation by Sophonias Woldu | Mar 20, 2023 | Business. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Tewodros Ashenafi is a prominent Ethiopian businessman who has established one of the few multi-million and billion dollar empires in Ethiopia. Wel-come to HuluDaily your go to entertainment station make sure to subscribe and turn on notifications to stay updated with all new uploads. An example of data being processed may be a unique identifier stored in a cookie. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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. He had an inquisitive mind from a young age and was always fascinated by the power of language and words. @alelign_amanuel hasn't Tweeted. Eyob "Joe" Mamo. Private sector investments in various sectors, capitalizing on resources nationally, contribute to import substitution of items we can produce domestically the Prime Minister said on the occassion. 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 . 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. The company is also one of the largest exporters of Ethiopian coffee, cereals and spices. Our media house, Fana Broadcasting Corporate, commenced service in 1994 with outdated equipment and limited manpower, but with the first of its kind and new style in the countrys broadcast media industry. It's an abomination. 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. He financially supports and motivates the army. He was born in Ethiopia, in 1946, to a Saudi father and an Ethiopian mother. Bizenu is the chairman and controlling shareholder of East African Holding, a leading industrial conglomerate in Ethiopia that operates in a variety of sectors such as manufacturing of Fast Moving Consumer Goods, tea processing, printing and packaging, transport, real estate, cement production and coal mining. Workruit understands that you are busy building your company and is here to help you save time in finding the right talent. Delegates from 4 African countries visit wheat cluster farming in East Shoa Zone, Trkiye Deputy FM to pay a 4-day working visit to Ethiopia, Delegations from 4 African countries in Ethiopia for study tour, Ethiopia becomes member of Intl Association of Young Entrepreneurs Consortium. Be sure to also note the data warnings there - particularly for upper percentiles. Belayneh Kindie Import And Export (BKIEA), the eponymous company Belayneh founded and runs, is the largest agricultural commodities trading company in Ethiopia. Worku Aytenew is an Ethiopian millionaire and business mogul who owns many huge companies in different parts of Ethiopia. Ethiopia is one of the fast-growing countries in Africa. Instantly chat with the matched applicants and get to know more about their experience. The apartments were 1, 3, 5, 6, and 7-story buildings. By utilizing HR-approved Resume Templates, jobseekers can now build a professional curriculum vitae in minutes. Worku Aytenew is on Facebook. Moreover, Al Amoudi, through MIDROC Ethiopia, has invested in Ethiopia in many different business sectors. Data backing the tool is explained in the average net worth by age post. The new aviation company is in the process of getting Air Operator Certificate from the Ethiopian Civil Aviation Authority. Many Ethiopians live outside of the country. He writes articles about philosophy, theology, his native Ethiopia, and basically anything and everything else. Akiko Ambaye, one of Ethiopias most prominent female business leaders, is the founder of Orchid Business Group (OBG), an Ethiopian construction company engaged in road construction, the supply of construction materials, rental services of construction machinery and haulage. An example of data being processed may be a unique identifier stored in a cookie. You may opt-out by. Your email address will not be published. Workruit has made the recruitment process easy for employers. The coffee shop then gained popularity in the town due to the fine coffee and delicious meals it provides. Likes. 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. Leading the newcomers, with a $30.4 billion fortune, is Miriam Adelson , wife of the late casino mogul Sheldon . Report. Kebede is the founder of KK PLC, an Ethiopian company that manufactures blankets primarily to export across Africa and North America. Your email address will not be published. Mohammed Hussein Ali Al Amoudi is an Ethiopian-Saudi billionaire businessman, who owns and controls many big industrial assets in Sweden, Saudi Arabia, and Ethiopia. Figures are for the latest twelve months ended Oct. 31, 2022. Sources: Bloomberg; S&P Global. We have already finalized preparations to complete the construction in the next two years, said Kassim Siraj, project manager of the plant, which will be called W.A Cement Factory. 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. With an investment close to ETB 3.5 billion he has built many residential and commercial buildings in Addis Ababa and Amhara region. Download & Register on Workruit today. Six companies have already been shortlisted by the company to pick suppliers for the design, supply, construction, erection, and commissioning of the plant. Ashenafi is the chairman and co-owner of Ambo Mineral Water, Ethiopias bestselling naturally-carbonated bottled mineral water, along with beverage giant SABMiller. His academic progress was only limited to sixth grade. Hire jobseekers specially trained by leading industry experts, focused on your Job Requirements. Furthermore, in 2015, Worku established Worku Import, Export & Trading PLC. Basic Info. In addition to the manufacturing plants raw materials extraction areas, Read More Govt deploys security forces as cement industry faces persistent challengesContinue, Read More Origins Business wishes all Ethiopian Christians a very joyful Gena!Continue, Your email address will not be published. Sophonias Woldu is an Ethiopian author with an outstanding skill for crafting unique and captivating articles that explore different aspects of life. BKIEA also owns hotels in Ethiopia and a port handling service company. 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WA is the fourth cement factory that is expected to join the industry in the coming two years, after Abbay, Berenta and Lemi, the joint venture projects of National Cement. Worku Aytenew, a well-known business mogul in the country, is in the process of establishing private Aviation Company. The consent submitted will only be used for data processing originating from this website. This diaspora community is estimated to be around 3 million strong, with by Sophonias Woldu | Mar 18, 2023 | Business, Entertainment. Another businessman, Getu Gelete, recently purchased a 40 percent stake in Habesha Cement from Pretoria Portland Cement Factory Ltd. Manage Settings Businessmen donate 150 oxen to Military amid governments law enforcement measures. Market value as of Jan. 20, 2023. Workruit helps you match with qualified professionals, instantly. Worku Aytenew also extended support of 200 quintals of wheat flour to the military and Amhara Region Special Force. 2023 Fortune Media IP Limited. 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. 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. Your email address will not be published. When they do, their Tweets will show up here. SOURCE: Coffee Shop Industry, Healthcare Center. Terms & Conditions. 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. One wealthy sponsor of the ongoing violence by Amhara forces, Worku Aytenew went as far as telling the soldiers to roast and eat Tigrayans like a goat ". Its commodities trading business has revenues of a little over $60 million in 2016. Sources: Bloomberg; S&P Global. In addition, in May 2019, Dawit along with his wife founded a popular coffee shop called AKKOO. In addition, Worku founded a real estate company in 2016. Save my name, email, and website in this browser for the next time I comment. Required fields are marked *. 2023 - Welcome to Fana Broadcasting Corporate S.C. All Rights Reserved. Sign up here to get the latest news, updates and special offers delivered directly to your inbox. The app only shows you those profiles that are relevant to your requirement. Observing the progress and success, the regional government bestowed another additional 20,000 hectares to the company. 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. From the land, they manage to grow soya beans so that they can be a raw material for the Oil Factory. I am impressed with Workruits features which has made talent search so easy. Match with a candidate that is perfect for your company at your fingertips. Akiko Seyoum Ambaye. Fifty-one billionaires. Facebook gives people the power to share and makes the. One of Ethiopia's wealthiest investors, Worku Ayetenew begins a process to build a cement plant with an investment capital of USD one billion. Here are the top 10 richest people in Ethiopia. Worku Aytenew, a well-known business mogul in the country, is in the process of establishing private Aviation Company. Photo credit: ASMARE/AFP/Getty Images. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Currently, there are 13 cement companies that are operational, with an installed capacity of 15.4 million tons. This is a great place to exchange information that goes beyond resumes, and job requirements. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The company owns and operates close to 35 commercial buildings and apartment buildings in key real estate locations. "Worku Aytenew Net Worth 2022 Profile Wife Age https://t.co/z34EHJUhFQ" National Cement collaborated with a Chinese company to establish a USD 2.5 billion cement plant in Ensaro, Amhara Regional State. Along with his success in business, Tewodros has a degree in Economics from Columbia University and is an alumnus of the Harvard Business School.
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