Ethiopia To Al-Amoudi – ‘Buy It All, Screw The Competition’

Mohammed Al-Amoudi is a God-like figure in Ethiopia. A poor country in which money can buy you a lot of friends and short-cuts.

This is not, by any way, accusing Mr. Al-Amoudi of any wrong doing. I have no personal vendetta against the guy. I don’t know him, so i can’t say he is a corrupt guy. For all i know, he had so far invested heavily in his country and in the process managed to change hundred’s of thousands of people’s lives.

Monopoly In Ethiopia

On the surface what Al-Amoudi had done for his country of birth – Ethiopia – is something that deserves recognition and appreciation. I believe he is a patriot and a shrewd business-man.

The question is however, “Is He Monopolizing The Ethiopian Economy?”

Yes he is!

In simple Economic term – - -

Monopoly (also “Pure monopoly”):- is a persistent situation where there is only one provider of a product or service in a particular market. Monopolies are characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods.

Even though Mr. Al-Amoudi’s intention is to support his country in any way he thinks is good for the economy and for his business, he has to also lead by example for other small businesses to follow.

Mr. Al-Amoudi had so far made smart investments in sectors that are highly profitable. These are sectors some investors in Ethiopia would love to take a part in. And the government is clearly catering to Mr. Al-Amoudi’s needs.

He has so far come ahead of other investors in getting the best deal in the government’s privatization process. If there is a single individual or business that could always mange to outbid any competition, by default that is a prime example of Monopoly.

Mr. Al-Amoudi knows he has a monopoly on many sectors of Ethiopia’s economy. This has to stop. The government cannot have it both ways.

With Al-Amoudi around, it would be very hard for most investors to get the best of deals.

What would the Ethiopian government do if there was no Al-Amoudi? It would sell its properties to the highest bidder regardless, right?

So you can see how other investors are getting the short end of the stick every time – when it comes to prime investments.

Investors in Ethiopia cannot compete with the richest black person in the world with an estimated net worth of $9.2 Billion Dollars. They must also not accept or bid for any deal that is left over from Mr. Al-Amoudi. The game should be played in fair and transparent manner. There should be strict laws that must be implemented to monitor such type of tricky monopoly in Ethiopia.

I had chosen to take a good look at Mr. Al-Amoudi’s investments in Ethiopia and i must say he and his board of advisers had done a fine job of picking the best investments Ethiopia had to offer.

His investments range from Banks, Steel industry, Mining, Leather industries, Coffee and Tea plantation, Hotels, Construction, and soft drinks to name a few.

There are few who would argue my view point and i welcome those disagreements. But there is a clear sign of monopolization here by Al-Amoudi and the government is encouraging it.

His insatiable appetite for prime investments in Ethiopia should be curbed immediately. His money so far has bought him an influence that reaches all the way to our Prime Minister Meles Zenawi.

He is arguably the only investor in Ethiopia tat regularly wines and dines our Prime Minister. Prime Minister Meles Zenawi had shown a keen interest in this particular guy. He understands his pockets are deep enough to attain a lot of his ambitions in Ethiopia. Also, they both understand they are in a win-win situation by forging a unique bond between them.

One thing is for sure, we need Mr. Al-Amoudi and many of his kind for Ethiopia to go forward and compete against other countries economically, but we can’t afford to sell our country builders and investors short for the sake of one tycoon.

With that being said, Ethiopia should be applauded for the progress it had made so far in the past two decades.

I’d love to hear your perspectives on this- leave a comment if you have anything to say…

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