Al Amoudi drops to #116 on Forbes’ Billionaires List

Ethiopia’s richest man is once again among the richest person in the world ranking 116 among the World’s 1,826 Billionaires. His fortune dropped from $15.3 Billion in 2014 to $10.9 Billion in the latest ranking. He is the second richest black person in the world just behind Nigeria’s cement tycoon Aliko Dangote, who is ranked

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Al-Amoudi to Spend $500 Million on Ethiopia Coffee, Oranges

Bloomberg By William Davison Horizon Plantations Ethiopia Plc, majority-owned by Saudi billionaire Mohamed al-Amoudi, plans to almost double annual revenue within three years by investing at least $500 million in coffee and orange projects. The agriculture company will train workers, improve roads and replace washing units at the Limmu and Bebekacoffee plantations, which together have over 18,000 hectares (44,479 acres)

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