According to Forbes’ contributor Mfonobong Nsehe the top 5 Ethiopian millionaires, who make $50 million or more revenues annually, built their fortunes in different areas – from construction to oil/energy.
By Mfonobong Nsehe (Forbes) |
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. Their names don’t ring with the African public, and you’ve probably never heard about them before, but they are very successful — and very wealthy. Meet 5 Ethiopian entrepreneurs, who own businesses with annual revenues of $50 million or more.
Source: Agricultural Commodities
Belayneh Kindie Import And Export (BKIEA), the eponymous company Belayneh founded and runs, is the largest agricultural commodities trading company in Ethiopia. He founded the company in 2005 to primarily export oil seeds and subsequently expanded into other commodities such as sesame seeds and nuts. Its commodities trading business has revenues of a little over $60 million in 2016. The company also has a thriving transportation business that boasts a fleet of more than 100 dry & fuel cargo trucks. BKIEA also owns hotels in Ethiopia and a port handling service company.
Continue reading the list of Top 5 Ethiopian Millionaires at Forbes
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