Ethiopia believes Saudi crackdown won’t affect Al Moudi’s local investments

Ethiopian Prime Minister has spoken on the anti-corruption crackdown by Saudi Arabia. Hailemariam Desalegn said Addis Ababa was diplomatically following the issue especially as a national has been named. Mohammed Hussein Al... Read more »
Ethiopian gold

Saudi Billionaire Al-Amoudi’s Ethiopia Gold Mine Has 128 Tons Ready

National Mining Corp., a closely held company majority-owned by Saudi billionaire Mohammed al-Amoudi, said it has 128 tons of gold ready to be mined at its Okote project in south Ethiopia. “With... Read more »

Ethiopia: A Battle for Land and Water (VIDEO)

A controversial resettlement program in Ethiopia is the latest battleground in the global race to secure prized farmland and water. Correspondent Cassandra Herrman reports as part of the Food for 9 Billion... Read more »

Ethiopian billionaire Mohammed Al amoudi wins libel action against  Ethiopian Review website in UK

An Ethiopian-born billionaire has won £175,000 in libel damages over allegations he had hunted his daughter down so she could be stoned to death. Mohammed Hussein Al-Amoudi was born in Ethiopia, but... Read more »

BGI, Raya Brewery Discussing Joint Venture

Breweries discuss BGI’s possibly buying shares in Raya, partial management BGI Ethiopia, Ethiopia’s largest brewer by volume, has been holding talks with Raya Brewery over a possible purchase of stakes in the... Read more »

Sheraton Addis to suspend operations due to un agreements with labour union

The Reporter: By Zekarias Sintayehu The management of Sheraton Addis has told the hotel’s supervisors and operation managers that the hotel will suspend its operation on Valentine’s Day after 13 years of... Read more »
africa richest person Mohammed Al Amoudi

Ethiopia : Al Amoudi richest black person in the world

According to the African business website  Ethiopia’s richest man as well as the richest black person in the world Mohammed Al Amoudi is worth $10 billion. His broad portfolio of businesses include... Read more »

MIDROC receives instructions on bringing foreigner workers

By Hayal Alemayehu : Reporter The Ministry of Labor and Social Affairs (MOLSA) has instructed Midroc Ethiopia Project Office (MEPO) to consult with it when recruiting foreigners for the scores of projects... Read more »