Ethiopia - Al-Amoudi eyes R200m property in South Africa
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Ethiopia - Al-Amoudi eyes R200m property in South Africa
Ethiopia - Al-Amoudi eyes R200m property in South Africa
A South African paper is reporting that Ethiopia born Billionaire Mohammed Al-Amoudi is looking to buy what's being described as "arguably South Africa’s priciest piece of vacant land in Sandton, north of Joburg".
The site is 110000m² and it is reportedly on the market for R200-Million (25.6 Million US Dollar).
The site is earmarked for residential and hospitality rights. Council documents show that developments could range from a 35-unit townhouse complex to a 125- room hotel or a shopping complex, according to a report by the Times.
Read the original story from The Times.
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In a related news, Al-Amoudi has been ranked as the 97th richest person in the world by Forbes Magazine this month. Read the story here.
Al-Amoudi’s investment arms include
Source: Capital
CORRAL Group - is a holding company for oil and gas related business interests based mostly in Sweden, Morroco and Lebanon:
Corral Petroleum Holdings AB (Sweden)
Preem Petroleum AB (Sweden)
Svenska Petroleum Exploration AB (Sweden)
Corral Finans AB (Sweden)
Corral Morocco Gas and Oil (Morocco)
Société Anonyme Marocaine de l’Industrie du Raffinage (Morocco)
Coral Oil Company (Lebanon)
Speed Oil Company (Lebanon)
ABV Rock Group - a holding company for construction related businesses (Saudi Arabia, Sweden). The sister companies of ABV Rock are:
Saudi ABV General Contractors Company
Innovators Consulting Engineers
Yanbu Steel Company
Trans Desert Transport Company
Metal Service Company
MIDROC Europe - Formed in 1996 through the acquisition of a number of contractors, Midroc Europe operates in the Scandinavian and international contracting markets, focused on the civil construction, industrial and environmental contracting sectors. The Midroc group in Scandinavia is owned by Sheikh Mohammed Al-Amoudi and the Wikström family (allegedly a front for Al Amoudi holdings). The Midroc group in Europe consists of the following companies:
Midroc Construction
Midroc Engineering
Midroc Electro
Midroc Environment
Midroc Project Development (MPD)
Midroc Real Estate
BAC Corrosion Control
Metalock
Alucrom
GP Ställningar
Rodoverken
MIDROC Ethiopia Investment Group - is a holding company for over 30 enterprises and business interests in diversified sectors. Managed under parent MIDROC Group is MIDROC Ethiopia Technology Group which has 11 businesses under its management:
MIDROC Gold Mine PLC
ELFORA Agro-Industries PLC
Huda Real Estate PLC
Kombolcha Steel Products Industries PLC (KOSPI)
Modern Building Industries PLC (MBI)
Trust Protection and Personnel Services PLC
Addis Home Depot PLC
Trans Nation Airways PLC
Addis Gas & Plastics Industry PLC
Wanza Furnishings Industry PLC
Daylight Applied Technologies PLC
Other businesses under MIDROC Ethiopia include:
Sheraton Addis
Midroc Construction Ethiopia
Moha Soft Drinks S.C.
National Mining Corp. (Kenticha Tantalum Mine, Lega Dembi Gold Mine)
National Motor Companies
Ethio Leather Industries (ELICO) P.L.C.
Bauer-Midroc
Sara Lamps
Ethio Coffee & Tea Plantation & Marketing P.L.C.
MIDROC stands for Mohammed International Development Research and Organization Companies
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42 comments
Comment from: Gelasa Dilbo [Visitor]
There was a time ...when Shaik Hussein Mohammad Al Moudin borrowed 50 Ethiopian Birr I swear in my mother's name.. I didn't got my 50 Birr back to this days. No joking and kidding...I am serious "ye Mariamn ken yistegn"
03/16/08 @ 00:49
Comment from: Yeha [Visitor]
Mr.Al-Amoudi why not go for it. God bless you sir.Though don't invest too much money over there because your birth country needs you.Yeha
03/16/08 @ 01:53
Comment from: amoraw [Visitor]
to gelasa dilbo,
seeing is believing & history is a lie.
He is doing a great job in our country
seeing is believing & history is a lie.
He is doing a great job in our country
03/16/08 @ 02:39
Comment from: Truth be Told [Visitor]
Good this time he isnot sucking the blood of my country!!
He is morally corrupt arab!!
[Truth to be told Al Amoudi is doing more for Ethiopia than you or me and that is nothing but the truth. ]
He is morally corrupt arab!!
[Truth to be told Al Amoudi is doing more for Ethiopia than you or me and that is nothing but the truth. ]
03/16/08 @ 03:14
Comment from: Bole1 [Visitor]
Sandton is one of the expensive neighborhoods of Jo'burg suburb where most of the crime wary wealthy locals live. With all folks he sends to SA for medical treatment, I guess it is time for him to build some accommodations for those patients and a retreat for himself.
Getting a little extra cash on the side by building additional investment properties like a hotel doesn’t hurt either!
Getting a little extra cash on the side by building additional investment properties like a hotel doesn’t hurt either!
03/16/08 @ 03:44
Comment from: P.Jeppe [Visitor]
what ever is our personal view on AL AMUDI, the news is pride for Ethiopians living in RSA.
P. Jeppe
P. Jeppe
03/16/08 @ 04:19
Comment from: Yeha [Visitor]
Truth be Told,
I think you are one of the stupidest diaspora individuals who has and suffers with psychiatric issues.Simply Mr Alamoudi is good for Ethiopia but here you are always talking nonsense about what he has done to the country.
You sounded like you had been fired from one of his building your guard position. He is doing to his country what he has to do but what do you do to your country? none nada nothing but bull shit...Yeha
I think you are one of the stupidest diaspora individuals who has and suffers with psychiatric issues.Simply Mr Alamoudi is good for Ethiopia but here you are always talking nonsense about what he has done to the country.
You sounded like you had been fired from one of his building your guard position. He is doing to his country what he has to do but what do you do to your country? none nada nothing but bull shit...Yeha
03/16/08 @ 04:20
Comment from: Jano [Visitor]
Nazret editors, may be you should incorporate a filter for bad words in your application, so that insolent people would be blocked
03/16/08 @ 04:30
Comment from: Truth be Told [Visitor]
Dear moderator:
It depends on how you define the idea of doing something important to your country.
For me this guy is the one who is hurting the so called free market in the country the most next to EFFORT. Because he is a key investor doesn’t qualify him for preferential treatment in his investment endavours. Can you give me a single case where his conglomerate lost a bid for its rival in Ethiopia?? Don’t waste your time looking for an answer cos such a case never happened. As a student of economics, I know very well such a system has a serious consequences for the overall economy ingeneral and the private sector in particular. Believe it or not the current anti competitive business behaviors prevailing in the country (the grand gold scam and forged currency print) had their root from the prejudiced economic and political system devised by the TPLF regime. This system is purposely designed to protect the interest of few business groups, the sheik, EFFORT, Tigrays mainly.
In addition, my friend, if you are thinking that he is investing in Ethiopia for the sake of philanthropy, you are making a serious mistake! Didn’t you guys told us, a couple of days ago, his wealth sky rocketed to 9 billion?? Doesn’t this news ring a bell in your head?? He is profiting, he is making a huge amount of money from his every single venture in Ethiopia.
Inconclusion, it is a way better for the country to have thousands of competitive companies owned by small scale business people than a single billionaire controlling every aspect of the economy in monopoly! He is profiting at the expense of the country’s free market !!!!!
It depends on how you define the idea of doing something important to your country.
For me this guy is the one who is hurting the so called free market in the country the most next to EFFORT. Because he is a key investor doesn’t qualify him for preferential treatment in his investment endavours. Can you give me a single case where his conglomerate lost a bid for its rival in Ethiopia?? Don’t waste your time looking for an answer cos such a case never happened. As a student of economics, I know very well such a system has a serious consequences for the overall economy ingeneral and the private sector in particular. Believe it or not the current anti competitive business behaviors prevailing in the country (the grand gold scam and forged currency print) had their root from the prejudiced economic and political system devised by the TPLF regime. This system is purposely designed to protect the interest of few business groups, the sheik, EFFORT, Tigrays mainly.
In addition, my friend, if you are thinking that he is investing in Ethiopia for the sake of philanthropy, you are making a serious mistake! Didn’t you guys told us, a couple of days ago, his wealth sky rocketed to 9 billion?? Doesn’t this news ring a bell in your head?? He is profiting, he is making a huge amount of money from his every single venture in Ethiopia.
Inconclusion, it is a way better for the country to have thousands of competitive companies owned by small scale business people than a single billionaire controlling every aspect of the economy in monopoly! He is profiting at the expense of the country’s free market !!!!!
03/16/08 @ 04:43
Comment from: Tamrat Tamrat [Visitor]
Hei, Gelasa Dilbo! Have you ever seen 'Bigger and Blacker?'. If you have not you are lucky and i advise you to keep it that way. Cause the day you understand that you do want to commit sucide.
Enjoy life, Gelasa Dilbo
Enjoy life, Gelasa Dilbo
03/16/08 @ 07:39
Comment from: ethio [Visitor]
Truth be told
u come out with name called Truth be told and you always write LIE LIE LIE Wushet.can you tell us what have you done for mama ethiopia?have you send " 20 dollar for hiv victoms or to build school......?all you and like kokeb like to complained every day but when it comes work or help no where to find ya. BTW meles is working day and night to fed to ethiopian b/c your denkoro uncles stole mama ethiopian bir they left us naked we have to start from 0. now we are wher we are and we will be where we want to be soon, under eprdf leaders.
please save your self from emberessment do not compaire your self with Mr alamudin. he is our hero.if you are really ethiopian you know what he brought for mama ethiopian. he brought for million LIGHT.LIGHT.LIGHT. BUT YOU AND YOU LIKE NEGER NEGER CHELEMA DENKORO
ANYWAY I HAVE TO GO KNOW.
SEE YA LATER
GOODDAY
ETHIOPIA TIKDEM TELAT ENA NEGERNOCHI YWUDEMU
03/16/08 @ 09:30
Comment from: tser [Visitor]
Gelasa Dilbo
I don't think you were manage to eat two times a day during the alleged $ 50 lent
I don't think you were manage to eat two times a day during the alleged $ 50 lent
03/16/08 @ 10:20
Comment from: wozeiro condjo [Visitor]
Mr Administrator of this Nazret.com, because are you so infatuated with this Al-Amoudi guy, do the rest of us have to discuss him every other day? This Sheikh is like the Paris Hilton of Ethiopia, we have to read and discuss about his non-ending financial ventures, we are saturated by this sheikh's news. Don't you have anything else to present us so we can shred each other over a new topic. Don't take me wrong, I am a big fan of Sheikh Al-Amoudi
03/16/08 @ 10:25
Comment from: Death to Weyane [Visitor]
I hate nazret.com this kind of comments and sometimes they destroy our comments.
"[Truth to be told Al Amoudi is doing more for Ethiopia than you or me and that is nothing but the truth. ]"
"[Truth to be told Al Amoudi is doing more for Ethiopia than you or me and that is nothing but the truth. ]"
03/16/08 @ 12:38
Comment from: sam i am [Visitor]
for the last time please stop refering
him as one of you. yes he is born in
ethiopia, but he is a saudi citizine and
he made his fortune there. In addition
his father is from yamen. He has done
a lot for ethiopia, but when you try
to claim him as your own it is a little
disingenious. No body from ethiopia can
accomplish what he has because you are
inherantly corrupted, backward, just your
typical african.
[Check out the Times Headline. One more thing, the richest black person on the planet is Ethiopian, you might need that for Jeopardy quiz]
him as one of you. yes he is born in
ethiopia, but he is a saudi citizine and
he made his fortune there. In addition
his father is from yamen. He has done
a lot for ethiopia, but when you try
to claim him as your own it is a little
disingenious. No body from ethiopia can
accomplish what he has because you are
inherantly corrupted, backward, just your
typical african.
[Check out the Times Headline. One more thing, the richest black person on the planet is Ethiopian, you might need that for Jeopardy quiz]
03/16/08 @ 12:39
Comment from: tazabi [Visitor]
It's funny how a developed country like Sweden honors Al Amoudi for his investments in that country, and some parking lot attendant complains how the Sheikh is 'sucking the blood of Ethiopians' when in fact he is the largest investor in Ethiopia whose various ventures are providing job opportunities to thousands of our brothers and sisters in our poor land!
03/16/08 @ 13:04
Comment from: 141 [Visitor]
" sam i am "
What a racist thing to say: You are inherently corrupt (notice the correct spelling). Given that you are insulting Ethiopians, I assume that you are not Ethiopian-thank you for the insult
Go Shiek
What a racist thing to say: You are inherently corrupt (notice the correct spelling). Given that you are insulting Ethiopians, I assume that you are not Ethiopian-thank you for the insult
Go Shiek
03/16/08 @ 13:05
Comment from: Sharamara [Visitor]
The Dedebit Mafia's eleventh hour seems to be approaching faster. The Emperor Al amoudi and the National Banks looted gold are heading into the same destination.We have seen this picture before,first it was Zimbabwe and now possibily South Africa.
03/16/08 @ 13:18
Comment from: jonathan [Visitor] 
simplly,it is so easy to figuer out that most of you people given coment about our heroare not the citizen of that beloved country plus like it or not what he does for hi countryhe is far better than what your own father gives to you all individuals,belive that.let do what ever he want the way he want.finallyit's pity your girl worship him behind your back.finished ,it is true.
03/16/08 @ 14:14
Comment from: Alex [Visitor]
To: Truth be Told
Varnero construction has won a bid to build the 20 storey headquarters of Awash International bank and Awash Insurance.
Varnero will sign a contract agreement with the board of directors of the Awash bank and insurance company on Tuesday April 11, 2006, at the Hilton Hotel.
Varnero won the bid beating Midroc construction and Narinco Lalibela.
When the tender for the building was first floated in February 2005 there were eight companies who bought bid documents of which only five submitted the documents when the bid opened.
Metaferia consulting Engineers, project consultants and designers of the building, will supervise Varnero while construction is underway.
The construction, which should be completed in three and a half years, will be built behind the National Theater on Ras Abebe Aregaye Street.
Awash leased the 2,950sqm land from the city administration eight years ago and, because of a court case, the land was not handed over until 2005.
In the 10 years of its existence Awash Bank’s paid up capital has grown from 24.2 million to 135.7 million birr. The bank recorded a 34.7 million birr profit after taxes as of December 31, 2004, exceeding the previous year’s profit by 17.3 million birr.
Awash International Bank is the first private bank in Ethiopia and has shown steady growth over the past decade.
Varnero construction has won a bid to build the 20 storey headquarters of Awash International bank and Awash Insurance.
Varnero will sign a contract agreement with the board of directors of the Awash bank and insurance company on Tuesday April 11, 2006, at the Hilton Hotel.
Varnero won the bid beating Midroc construction and Narinco Lalibela.
When the tender for the building was first floated in February 2005 there were eight companies who bought bid documents of which only five submitted the documents when the bid opened.
Metaferia consulting Engineers, project consultants and designers of the building, will supervise Varnero while construction is underway.
The construction, which should be completed in three and a half years, will be built behind the National Theater on Ras Abebe Aregaye Street.
Awash leased the 2,950sqm land from the city administration eight years ago and, because of a court case, the land was not handed over until 2005.
In the 10 years of its existence Awash Bank’s paid up capital has grown from 24.2 million to 135.7 million birr. The bank recorded a 34.7 million birr profit after taxes as of December 31, 2004, exceeding the previous year’s profit by 17.3 million birr.
Awash International Bank is the first private bank in Ethiopia and has shown steady growth over the past decade.
03/16/08 @ 14:48
Comment from: 1mele 1ethiopian [Visitor]
Gelasa Dilbo
I don’t want to say” yemaryam ken yesteh” b/c Marry is my Mama and I believe in her forever until I die, if I say to u that, it will be a great choosing for u, but I can say something “ye deyabelosen ken yesteh” Amen!!! Sheak Al Amudin is a great person, long live for him and Ethiopians
I don’t want to say” yemaryam ken yesteh” b/c Marry is my Mama and I believe in her forever until I die, if I say to u that, it will be a great choosing for u, but I can say something “ye deyabelosen ken yesteh” Amen!!! Sheak Al Amudin is a great person, long live for him and Ethiopians
03/16/08 @ 17:06
Comment from: Babur-Hawareysa [Visitor]
Truth be Told,
Just for the moment, may I take the liberty to call you "Our Economist"?
So, you said that you are a student of economics, but not a graduate, I assume.
If you are what you claim to be, then you should at least bother your little mind to light us up, as to how this much sought after billionaire's investment might hurt Ethiopia's economy.
Also mentioned is, "a system", that by your economist's point of 'view' would have a serious cosequence.
"Our Economist"! Can you please enlighten us how is that so?
And my friend, when you do explain, to avoid the embarrasment, please try to refrain from the jargons of Economics.
I think that there is more possing in your mind than we are aware of.
Peace.
03/16/08 @ 18:40
Comment from: yoni [Visitor]
wozeiro condjo [Visitor]
Your attitude is NOT as Conjo as your name......am assuming you must be ugly....
If you are tired of listening about Al-Amoudi....you don't have to read or reply, I know this kind of thing don't quench your thirst...you can wait until some negative article comes around....
All you haters....Al-Amoudi will around for a long time to come...and his family after him...get used to it or CHANGE YOUR CITIZENSHIP...
And to those obsessed with Al-Amoudi's citizenship....HE HAS DUAL CITIZENSHIP...AMERICAN/SAUDI...But feels very Ethiopian...
remember Al-Amoudi's statements
"Lenat agere yaderekoot eske-ahun dres Alarekagnim..."
Your attitude is NOT as Conjo as your name......am assuming you must be ugly....
If you are tired of listening about Al-Amoudi....you don't have to read or reply, I know this kind of thing don't quench your thirst...you can wait until some negative article comes around....
All you haters....Al-Amoudi will around for a long time to come...and his family after him...get used to it or CHANGE YOUR CITIZENSHIP...
And to those obsessed with Al-Amoudi's citizenship....HE HAS DUAL CITIZENSHIP...AMERICAN/SAUDI...But feels very Ethiopian...
remember Al-Amoudi's statements
"Lenat agere yaderekoot eske-ahun dres Alarekagnim..."
03/16/08 @ 19:23
Comment from: JOVANI DAMICO [Visitor]
he guys why taking about AL AMOUDI THAT ISNOT YOURS MONEY DO'T WORRY FIRST PAY YOUR DUES AFTER THAT YOU CAN SAID SOMETHING ALA AMOUDIN WE NEED YOU FOR OUR COUNTRY [KEEP YOUR YOURS HANDS IN POCKET LAZY!!! THAT IS YOUR CULTURE "I KNOW ETIOPIAN THEY NEED SETDAWN GOOD WILL LET ME TELL YOU SOMETHING ONE AMERICAN PERSON HE TOLD ME(IF YOU NEED BREAKFAST IN THE BED SLEEP IN THE KITCHEN"EVERYBODY LIVE YOUR LIFE ASK YOUR SELF FIRST WHACHA DOIN???,.AL AMOUDINO THIS IS MY FLATTERING GOGOGOGO AL AMOUDINO FOREVER FOR ETHIOPIAYAYE
03/16/08 @ 20:00
Comment from: Brooks [Visitor]
Truth be Told!!I agree, no body is against Capital flow/investment in Eth.Like you said it Must be on competetive grounds to avoid Cartel/Monopoly.Americans Have the Shermans Acts EU the same Laws.For Babur-Hawareysa You have no slightest Idea about Economics.Please look in the Dictionary of Economics Anti-TRUST Laws(Cartel,Monopoly)etc.Thanks.
03/16/08 @ 20:47
Comment from: andrea [Visitor]
go go al amudino first pay you dues befor you talking about this great man don't worry for him
03/16/08 @ 22:17
Comment from: dagne [Visitor]
truth to be told are you for real
what about all the real state developers that popped up like a pop corn, how about those construction companies building the thousands of km roads, or those building the dams or those involved in the multi million dollar flower farms etc etc. true alamoudi investment in ethiopia is the lion share but that is because he is also the welathiest black man in the world. next time you open your illiterate mouth try to make sense.
what about all the real state developers that popped up like a pop corn, how about those construction companies building the thousands of km roads, or those building the dams or those involved in the multi million dollar flower farms etc etc. true alamoudi investment in ethiopia is the lion share but that is because he is also the welathiest black man in the world. next time you open your illiterate mouth try to make sense.03/16/08 @ 23:11
Comment from: wolo [Visitor]
sam i am [Visitor]
you are inherantly corrupted, backward, just your typical african.
May I ask what are you doing here in this corrupt, backward African web site?
Why don't you move on to your civilized non-African site?
you are inherantly corrupted, backward, just your typical african.
May I ask what are you doing here in this corrupt, backward African web site?
Why don't you move on to your civilized non-African site?
03/17/08 @ 00:37
Comment from: Dave [Visitor]
Gelasa, u must be a professional comedian. I liked ur joke.Hope to read more from u soon. Aye Gelasa kikikiki!
Back to the topic, Al-Amoudi is doing great stuff for his beloved home. God bless u!
Back to the topic, Al-Amoudi is doing great stuff for his beloved home. God bless u!
03/17/08 @ 07:13
Comment from: Truth be Told [Visitor]
Babur
are u a real babur or what?? though you sound very ignorant let me explain my stand on your "comment".
First i comment here nazret not to enlighten anybody but just to tell the TRUTH. i know my truth never fitted into the little heads of the TIGRAYS around like you because mostly they are beyond your comprhension.
Second, i can derive for you the formula to show you how monopoly and anti-competitive behaviour hurts consumers and the society in general, but as i said before i dont want to waste my time in vain, you wont get my points.
Third,just to give you the enlightmnet that u seek very much, very recently MS was fined by EU in what is known to be the highest fine for breaching an anti-competitive behaviour, around 2 BN uSD. The Europeans didnt say "Oh MS is the largest company, or the owner is the richest man, how come we fine such a key investor"!! The company crossed the line, and its fined. MS is fined mainly because it tried to control the software market in europe by engaging in anti competitive behaviour. That iss the difference between TPLF and EU, in TPLF tigrays and the sheik are ABOVE THE LAW!!!
Fourth, the guy we are talking has a significant financial stake in sweden too, but he never gets the preferential treatment that he enjoys under TPLF in ethiopia, dont tell me that its because sweden is rich country though?? its not who is rich that matters, its the poor countries that needs free competition the most for the best of their economy.
It seems to me that you are protecting the sheik simply becuase he is TPLF, right?? and becuase you fill like my ideas can potentially hurt your TPLF,right?? competition will not hurt anybody. its a common good!!
are u a real babur or what?? though you sound very ignorant let me explain my stand on your "comment".
First i comment here nazret not to enlighten anybody but just to tell the TRUTH. i know my truth never fitted into the little heads of the TIGRAYS around like you because mostly they are beyond your comprhension.
Second, i can derive for you the formula to show you how monopoly and anti-competitive behaviour hurts consumers and the society in general, but as i said before i dont want to waste my time in vain, you wont get my points.
Third,just to give you the enlightmnet that u seek very much, very recently MS was fined by EU in what is known to be the highest fine for breaching an anti-competitive behaviour, around 2 BN uSD. The Europeans didnt say "Oh MS is the largest company, or the owner is the richest man, how come we fine such a key investor"!! The company crossed the line, and its fined. MS is fined mainly because it tried to control the software market in europe by engaging in anti competitive behaviour. That iss the difference between TPLF and EU, in TPLF tigrays and the sheik are ABOVE THE LAW!!!
Fourth, the guy we are talking has a significant financial stake in sweden too, but he never gets the preferential treatment that he enjoys under TPLF in ethiopia, dont tell me that its because sweden is rich country though?? its not who is rich that matters, its the poor countries that needs free competition the most for the best of their economy.
It seems to me that you are protecting the sheik simply becuase he is TPLF, right?? and becuase you fill like my ideas can potentially hurt your TPLF,right?? competition will not hurt anybody. its a common good!!
03/17/08 @ 07:15
Comment from: Dagnaw [Visitor]
gelasa dilbo:
1000000 birr bisetih, eyalamudi arun kekitu tilisaleh ende? atimirim !!!
1000000 birr bisetih, eyalamudi arun kekitu tilisaleh ende? atimirim !!!
03/17/08 @ 11:29
Comment from: ambesaw [Visitor]
The shiek will always be Ethiopian hero.
Gob bless him and his family
Gob bless him and his family
03/17/08 @ 13:24
Comment from: F.Kebede [Visitor]
There are many thousends of ethiopians abroad with so much money but we only have few like Al Amudi who returned to their country and make real diffrence by creating jobs for fellow ethiopians.So I dont understand why some people post negetive comments on this site against Al Amudi,none of this people have ever done anything for their country except benefiting their own families and friends..At list Al Amudi created over 100 000 jobs in his country and in the future he will definetly expand that number to over 500 000.so plese dont be so negetive for politics sake.
03/17/08 @ 13:28
Comment from: ehhron [Visitor]
Truth to be told aka 'zeregna'- You wrote "...know my truth never fitted into the little heads of the TIGRAYS around like you because mostly they are beyond your comprhension..."--Most of the comments you made are full of racism-etnicism. So every point you are trying to make is null and void.That is why you don't make any sense at all. Cleanse your soul of hate before you tell as about your stupid economic theory. Ethiopia needs investors with big capitals-he is one of the big ones. The complex issue of economics will be addressed when our peoples basic needs are met. If there is any investor who will make a d/ce even to one extra ethiopian , he/she is wellcome until the whole 80 million people basic needs are met. We have the resource ,we have the labour, we need capital-investors of any capacity are a source of capital. So we will accomodate them as best as we can. You are the kind of person Ethiopia doesn't need rihgt now-I have never seen you write any positve things in this forum-your comments are always full of hate,garbage and you are one of those few bankrupt "ene awklhalew diaspora' who is lucky enough to get his education and graduate by affirmative action. We don't need your kind - Ethiopia is better off with out you.
03/17/08 @ 13:51
Comment from: ted [Visitor]
As you can see, MR Ala-Alamudin is working hard to be richest man in the world, We Ethiopians going to help him no matter what, after that we will be known as Country of the richest man.
Beat that suckers!
Beat that suckers!
03/17/08 @ 14:27
Comment from: bizabiz [Visitor]
gelasa dibo, have you ever heard about interest? If you have and if the sheik remember you youare going to finish ahead of everyone here.
03/17/08 @ 19:44
Comment from: P.Break [Visitor]
What the 
did he do our country!!!...besides comforting aging and forgotten musicians. WERETEGNA!
did he do our country!!!...besides comforting aging and forgotten musicians. WERETEGNA!03/18/08 @ 03:59
Comment from: ted [Visitor]
All this companies are owened by this man. The goverment allowed him to own this vital economic sector belongs to us and generation of Ethiopians. The natural resources are getting exported in alarming speed. As the same time our education and health system is dying, where there are the rich private schools and clinics poping in every corner. That is not fair to poor Ethiopian parents when their kids become day labourers for a few. This allowes uncontrolled distruction of our wealth and enviroment. For those people who think free trade is doing us good, look our inflation. To learn from NORWAIAN busines practice, they say natural resources belong to now and generations to come and should be dealt carefully, i couldnt agree more. When you hear Europians say Ethiopia's economy is doing good, they are stealing candy from a child.
This man should be stopped, i am sure all of you think the same if he were white person, but when it comes to wealth they are all the same. You cant get this rich if you cared and shared with others. He is opportunistic to capitalize using this goverment, if he cares for Ethiopia where was he all this years, Ethiopia always needed help.
Think, Dont loose your pride people, Some of you thing he is God sent to Ethiopia, think him the opposite when it comes to our economy. Ethiopia deserve better.
MIDROC Gold Mine PLC
ELFORA Agro-Industries PLC
Huda Real Estate PLC
Kombolcha Steel Products Industries PLC (KOSPI)
Modern Building Industries PLC (MBI)
Trust Protection and Personnel Services PLC
Addis Home Depot PLC
Trans Nation Airways PLC
Addis Gas & Plastics Industry PLC
Wanza Furnishings Industry PLC
Daylight Applied Technologies PLC
Other businesses under MIDROC Ethiopia include:
Sheraton Addis
Midroc Construction Ethiopia
Moha Soft Drinks S.C.
National Mining Corp. (Kenticha Tantalum Mine, Lega Dembi Gold Mine)
National Motor Companies
Ethio Leather Industries (ELICO) P.L.C.
Bauer-Midroc
Sara Lamps
Ethio Coffee & Tea Plantation & Marketing P.L.C.
This man should be stopped, i am sure all of you think the same if he were white person, but when it comes to wealth they are all the same. You cant get this rich if you cared and shared with others. He is opportunistic to capitalize using this goverment, if he cares for Ethiopia where was he all this years, Ethiopia always needed help.
Think, Dont loose your pride people, Some of you thing he is God sent to Ethiopia, think him the opposite when it comes to our economy. Ethiopia deserve better.
MIDROC Gold Mine PLC
ELFORA Agro-Industries PLC
Huda Real Estate PLC
Kombolcha Steel Products Industries PLC (KOSPI)
Modern Building Industries PLC (MBI)
Trust Protection and Personnel Services PLC
Addis Home Depot PLC
Trans Nation Airways PLC
Addis Gas & Plastics Industry PLC
Wanza Furnishings Industry PLC
Daylight Applied Technologies PLC
Other businesses under MIDROC Ethiopia include:
Sheraton Addis
Midroc Construction Ethiopia
Moha Soft Drinks S.C.
National Mining Corp. (Kenticha Tantalum Mine, Lega Dembi Gold Mine)
National Motor Companies
Ethio Leather Industries (ELICO) P.L.C.
Bauer-Midroc
Sara Lamps
Ethio Coffee & Tea Plantation & Marketing P.L.C.
03/18/08 @ 09:07
Comment from: FOOLS GOLD [Visitor]
"MR MODERATOR"
YOU CAN MODERATE ALL YOU WANT..and hide the obvious TRUTHS ABOUT AL AMOUDI
BUT THE TRUTH IS OUT THERE......
YOU ARE AL AMOUDIS NUMBER 1 KISS A
FREE SPEACH SHALL NOT BE DENIED
AND YOU WILL NEVER GET YOU SHINY MERCEDES BENZ OR LEXUS FORM HIM.......FOR STUPIDLY ENDLESSLY SINGING HIS PRAISES AND WORSHIPING HIM
[You don't seem to get it. Don't abuse the smiley icons. lol ]
YOU CAN MODERATE ALL YOU WANT..and hide the obvious TRUTHS ABOUT AL AMOUDIBUT THE TRUTH IS OUT THERE......
YOU ARE AL AMOUDIS NUMBER 1 KISS A
FREE SPEACH SHALL NOT BE DENIED
AND YOU WILL NEVER GET YOU SHINY MERCEDES BENZ OR LEXUS FORM HIM
.......FOR STUPIDLY ENDLESSLY SINGING HIS PRAISES AND WORSHIPING HIM[You don't seem to get it. Don't abuse the smiley icons. lol ]
03/18/08 @ 13:19
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