Save my name, email, and website in this browser for the next time I comment. Hire top talent curated by our AI engine using our mobile app or web dashboard. @alelign_amanuel. PM Abiy, high officials inaugurate 5.2bln Birr WA Edible Oil Factory in Debre Markos town. In addition, most of them are known for their noble philanthropic activity. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. You may opt-out by. Worku Aytenew is an Ethiopian business tycoon who loves his country and the people! Get matches based on applicant's profile, as well as their interest in joining your company. Save my name, email, and website in this browser for the next time I comment. Worku is an energetic and hardworking man who has good business insight. The company made imports with an annual transaction close to ETB 1 billion (USD 35 million) over 5 years. It is to be recalled that Ethiopia inaugurated a 4.5 Billion Birr Edible Oil Giant in Bure town, Amhara region on April, 2021. Mr. Aytenew purchased Bell 407 Helicopter, and now this Helicopter will be used for commercial aviation services, according to reports. Connecting with suitable and top talent has never been this simple. We and our partners use cookies to Store and/or access information on a device. Dawit Hailu is also another Ethiopian popular rich individual whose name has to be mentioned. 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 . The company owns and operates close to 35 commercial buildings and apartment buildings in key real estate locations. Spread the NewsBerhan Bank Share Company has garnered a gross profit of 583.4 million Birr gross profit in 2021/2022 fiscal year ended on June 30, 2022; a profit went up by 72.8% from the previous year. 153 Following. Our media house, Fana Broadcasting Corporate, commenced service in 1994 with outdated equipment and limited manpower, but with the first of its kind and new style in the countrys broadcast media industry. Swipe right to like an applicants profile, left otherwise. The company also has a thriving transportation business that boasts a fleet of more than 100 dry & fuel cargo trucks. SOURCE: Agricultural commodities, Import & Export, Palm Oil factory, Real estate, Diversified With Workruit, we have revolutionized the tedious recruitment process, and replaced it with a simple and an intelligent "swipe right to hire" method. . 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. It will have the capacity to produce 12,000 tons of cement daily. Worku Aytenew is an Ethiopian millionaire and business mogul who owns many huge companies in different parts of Ethiopia. Download & Register on Workruit today. 9. 105 Followers. 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. Businessmen donate 150 oxen to Military amid governments law enforcement measures. " " Join Facebook to connect with Worku Aytenew and others you may know. One of Ethiopia's wealthiest investors, Worku Ayetenew begins a process to build a cement plant with an investment capital of USD one billion. 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. Photo credit: ASMARE/AFP/Getty Images, Brazil Bounces Back With A Slew Of New Billionaires, Fortune Magazine's New Owner Is Member Of Thailand's Richest Family, Southeast Asia's Richest Woman Signs $6.5 Billion Deal For 50 Airbus Jets, The Indonesian Tycoons Behind Lion Air, Whose Plane Crashed Off Jakarta on Monday, How This Video Gaming Billionaire Invests His More Than $2 Billion, LinkedIn Cofounder Reid Hoffman On His Billion-Dollar Impact Investing Bet, Jeff Bezos Is $1.8 Billion Richer As Amazon's Market Cap Briefly Hits $1 Trillion, The $4 Billion Crypto Billionaire Who No One Has Heard Of. Market value as of Jan. 20, 2023. Sign up here to get the latest news, updates and special offers delivered directly to your inbox. National Cement collaborated with a Chinese company to establish a USD 2.5 billion cement plant in Ensaro, Amhara Regional State. All rights reserved. Manage Settings Your email address will not be published. *****. SOURCE: Coffee Shop Industry, Healthcare Center. Forbes used stock prices from September 3, 2021 to calculate net worths for the list. 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. Continue with Recommended Cookies. A few Ethiopians have built multi-million and billion dollar empires in industries as diverse as agriculture, food, construction, energy and distribution and earned multi-million dollar fortunes to boot. 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. 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. PM Abiy discusses with over 200 mayors of cities throughout, Delegations from 4 African countries in Ethiopia for study, UN Deputy Secretary-General arrives in Ethiopia, Delegates from 4 African countries visit wheat cluster. . Customize the salary calculator by including or excluding unpaid time, such as vacation hours or holidays. 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. 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. 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. 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. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Another businessman, Getu Gelete, recently purchased a 40 percent stake in Habesha Cement from Pretoria Portland Cement Factory Ltd. When the corona pandemic hits Ethiopia, Worku Aytenew was the forerunner in supporting his country in thefightagainstcoronavirus. An example of data being processed may be a unique identifier stored in a cookie. It is even told that, when Worku was in prison for 9 years, he used to make money washing the clothes of other prisoners. Required fields are marked *. Furthermore, he has contributed money when churches are burned to the ground in Gojam, Amhara region.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[468,60],'typicalethiopian_com-medrectangle-4','ezslot_8',610,'0','0'])};__ez_fad_position('div-gpt-ad-typicalethiopian_com-medrectangle-4-0'); by Sophonias Woldu | Apr 4, 2023 | Business. 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. While 60 % of the companys product is for local consumers, the remaining is exported to foreign countries. ), 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Since February, its valuation has jumped roughly $25 billion, placing it among the most valuable private companies worldwide. 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. Facebook gives people the power to share and makes the. 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 the plant, which is located around Dejene town, Amhara Regional State, 230 km away from the capital. 2023 Fortune Media IP Limited. As a developing African nation by Sophonias Woldu | Mar 20, 2023 | Business. SOURCE: Oil & Gas, Real Estate, Technology, Diversified. He was born in Ethiopia, in 1946, to a Saudi father and an Ethiopian mother. Industrial Audible Oil Complex in 2016. Opinions expressed by Forbes Contributors are their own. 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. If you make $55,000 per year, your hourly salary would be $26.44.This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week. 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. He had an inquisitive mind from a young age and was always fascinated by the power of language and words. Observing the progress and success, the regional government bestowed another additional 20,000 hectares to the company. Addis Ababa, November 11, 2020 (FBC) - Two businessmen namely Worku Aytenew and Belayneh Kinde have donated 150 oxen for the National Defense Forces and Amhara Region Special Force in support of law enforcement measures being taken by the government. Post a job, swipe right on the applicant profiles, get matched, chat instantly and schedule interviews right away. While he was at Columbia University, he studied under the guidance of a Nobel Prize winner in Economics, Professor Edmund Phelps. His academic progress was only limited to sixth grade. The 10 Richest People in the World With a net worth of $304 billion, Elon Musk is the wealthiest in the world. 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 . Basic Info. By utilizing HR-approved Resume Templates, jobseekers can now build a professional curriculum vitae in minutes. In addition, in May 2019, Dawit along with his wife founded a popular coffee shop called AKKOO. With an easy on-boarding process for the recruiters and providing personal assistance to employers, Workruit has made me believe. 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. Excellent platform for recruiters to hire the best-suited candidate for the work profile. This motivating Worku, he advanced into an edible oil project under the name of W.A Oil Factory and Distribution PLC. Save my name, email, and website in this browser for the next time I comment. Meet 5 Ethiopian entrepreneurs, who own businesses with annual revenues of $50 million or more. In addition to oil, the factory also produces soap detergents. Get to know more about the applicants profile that goes beyond the resume. He writes articles about philosophy, theology, his native Ethiopia, and basically anything and everything else. Total Return to Investors (5 year, annualized), Total Return to Investors (10 year, annualized). The apartments were 1, 3, 5, 6, and 7-story buildings. He is also the founder and CEO of oil exploration firm SouthWest Energy, one the largest oil and gas acreage holders in East Africa. The company has helped 500 hundred farmers to help themselves by providing raw materials for the company. . Cement producers have faced disruption due to security concerns in some areas. "Worku Aytenew Net Worth 2022 Profile Wife Age https://t.co/z34EHJUhFQ" Worku Aytenew, a well-known business mogul in the country, is in the process of establishing private Aviation Company. The inauguration of W.A Industrial Edible Oil Complex is one such opportunity for engagement in production of basic consumer products he added. Sophonias Woldu is an Ethiopian author with an outstanding skill for crafting unique and captivating articles that explore different aspects of life. Ethiopia is known for its diverse culture, rich history, and promising economic growth. 1,601 talking about this. An example of data being processed may be a unique identifier stored in a cookie. Workruit helps you match with qualified professionals, instantly. Save my name, email, and website in this browser for the next time I comment. Match with a candidate that is perfect for your company at your fingertips. Tewodros Ashenafi is a prominent Ethiopian businessman who has established one of the few multi-million and billion dollar empires in Ethiopia. The company managed to import and distribute ETB 5 billion (USD 200 million) worth of palm oil through its trading business. worku aytenew vs dagne wale dance | | yecheneke elet #Ethiopia. worku aytenew ethiopian eneterpruner Download Worku Aytenew. 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. I am impressed with Workruits features which has made talent search so easy. He writes articles about philosophy, theology, his native Ethiopia, and basically anything and everything else. Ashenafi is the chairman and co-owner of Ambo Mineral Water, Ethiopias bestselling naturally-carbonated bottled mineral water, along with beverage giant SABMiller. Here are the top 10 richest people in Ethiopia. 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. | Worku Aytenew | Amhara Fano***** . 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 Leading the newcomers, with a $30.4 billion fortune, is Miriam Adelson , wife of the late casino mogul Sheldon . Mulatu Teshome speaks after being sworn in as Ethiopia's new president in Addis Ababa on October 7, [+] 2013. However, their actual capacity is only 6.3 million tons, which is an outcome of an aging machinery and lack of maintenance, among others. Tweets & replies. Your email address will not be published. Moreover, Dawit Hailu is also the managing director of ElsMed Business PLC and JORGO Academy School. Preview channel. Here's the net worth each generation says you need to be considered wealthy in 2021: Millennials (ages 24 to 39): $1.4 million. The massive manipulation and disinformation campaigns from the Ethiopian government to dehumanize Tigrayans continued unabated. 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. He has invested in the palm oil importation business, commercial farming, mining, aviation, and real estate. Fifty-one billionaires. When they do, their Tweets will show up here. The company is also one of the largest exporters of Ethiopian coffee, cereals and spices. Its about time we said goodbye to ignored e-mails, zero-response applications, and cold-callings. Worku Aytenew right away. Worku's company managed to import and distribute ETB 5 billion (USD 200 million) worth of palm oil through its trading business. Continue with Recommended Cookies. Tweets. an estimated 3.5 million livestock have died between late 2021 and mid-May 2022, and herd sizes are . The new aviation company under establishment is dubbed Gold Star Aviation. Your email address will not be published. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The new aviation company is in the process of getting Air Operator Certificate from the Ethiopian Civil Aviation Authority. 2023 - Welcome to Fana Broadcasting Corporate S.C. All Rights Reserved. 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. 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. He, with his family, founded Wudassie Diagnostic Center (WDC) in 2008. Furthermore, in 2015, Worku established Worku Import, Export & Trading PLC. @alelign_amanuel hasn't Tweeted. Akiko Seyoum Ambaye. 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 ". Eyob "Joe" Mamo. . Required fields are marked *. 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. 6 talking about this. 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. Worku Aytenew is a successful businessman who has a role in many different sectors. Worku Aytenew is on Facebook. However, it worth noting that there have not been violent outright ethnic conflict other than the Mejenger zone conflict in Gambella region. 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. Data backing the tool is explained in the average net worth by age post. Worku Aytenew to build $1 bln worth cement plant . He has contributed around 80 million Ethiopian birr intending to help the Ethiopian government to halt the spread of the deadly virus. The consent submitted will only be used for data processing originating from this website. As a developing African nation by Sophonias Woldu | Mar 20, 2023 | Business. Six companies have already been shortlisted by the company to pick suppliers for the design, supply, construction, erection, and commissioning of the plant. In the same year, Worku joined the aviation industry with an investment capital of USD 40 million. Ethiopia is known for its diverse culture, rich history, and promising economic growth. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. #The_Story_Behind_Millionaire_Worku_aytenewSubscribe# my you tube channelhttps://m.youtube.com/channel/UC9PJZrazMOIoIPqks0SxIBgFollow facebook group . Your email address will not be published. He owns a number of companies with annual revenues in the millions, potentially placing him among Ethiopias top ten wealthiest people. The 25th Fortune Worlds Most Admired Companies li A.I. 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. 2023 - Welcome to Fana Broadcasting Corporate S.C. All Rights Reserved. Sophonias Woldu is an Ethiopian author with an outstanding skill for crafting unique and captivating articles that explore different aspects of life. Additionally, Worku, in 2018, established a transport company to transport dry and liquid cargo in-country and the route between the Port of Djibouti and dry ports and stations across Ethiopia. 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. Terms & Conditions. 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. This is a great place to exchange information that goes beyond resumes, and job requirements. 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. Spread the NewsRecently appointed Ethiopian Airlines chief executive Mesfin Tasew has embraced the Vision 2035 roadmap introduced by his predecessor Tewolde GebreMariam in 2019, as he aims to keep the carrier on an aggressive growth path. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. We and our partners use cookies to Store and/or access information on a device.
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