As a developing African nation by Sophonias Woldu | Mar 20, 2023 | Business. . On top of that, Worku, 2020, launched a mining project. Enter age bracket and household net worth to compare a net worth and age to the overall distribution. The support is said to amount more than 4 Million Birr, according to sources. Moreover, he also serves as Chairman of Ambo Mineral Water, a well-known mineral water bottler in Ethiopia. The new aviation company under establishment is dubbed Gold Star Aviation. Moreover, Worku gave two V8 and two Hiruf cars to help the government in the eradication of the Coronavirus. On the account of this, Worku Aytenew launched an oil factory named W.A. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. We and our partners use cookies to Store and/or access information on a device. " " Representative of Worku Aytenew and Belayneh Kinde, Sisay Taddesse and Asmamaw Alene handed over the cattle to the regional logistics support mobilization committee at Gondar City. Worku Aytenew to build $1 bln worth cement plant . . TopEthiopia Ethiopian news on Twitter: "Worku Aytenew Net Worth 2022 SOURCE: Oil & Gas, Real Estate, Technology, Diversified. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The 10 Richest People in the World With a net worth of $304 billion, Elon Musk is the wealthiest in the world. Worku is the latest to join the lucrative cement market, with renowned tycoons, Buzuayehu T. Bizenu, owner of National Cement, and Al Amoudi, major shareholder of Derba Cement, staying in the business for over a decade. He was ranked among the wealthiest men in Ethiopia by Forbes in 2017. In addition to the manufacturing plants raw materials extraction areas, Read More Govt deploys security forces as cement industry faces persistent challengesContinue, Read More Origins Business wishes all Ethiopian Christians a very joyful Gena!Continue, Your email address will not be published. Worku is an energetic and hardworking man who has good business insight. The minimum net worth needed to gainor hold ontoa spot on the list this year jumped to $2.9 billion. Our company comes into existence from a vision of its founder, Worku Aytenew, who invested in the Palm Oil importation business, commercial farming, mining, aviation, and real estate. Post a job, swipe right on the applicant profiles, get matched, chat instantly and schedule interviews right away. In addition, Worku founded a real estate company in 2016. @alelign_amanuel hasn't Tweeted. an estimated 3.5 million livestock have died between late 2021 and mid-May 2022, and herd sizes are . Instantly chat with the matched applicants and get to know more about their experience. Sign up here to get the latest news & updates. Joined April 2021. Manage Settings Besides, we have harvested rice for the local market supply. With Workruit, we have revolutionized the tedious recruitment process, and replaced it with a simple and an intelligent "swipe right to hire" method. Sign up here to get the latest news, updates and special offers delivered directly to your inbox. 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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. Manage Settings PM Abiy, high officials inaugurate 5.2bln Birr WA Edible Oil Factory in Debre Markos town. (FEWS NET), pasture conditions are among the driest on record, with few to no migration options. Workruit understands that you are busy building your company and is here to help you save time in finding the right talent. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Factory uses nigger seed, peanut seed, soya bean and sesame seed as input for the oil processing. The main business of the company is in the production of construction materials such as Cement production, Granite and Marble production, Coal and gold mining, precious stones, and other related materials. . Tweets. The consent submitted will only be used for data processing originating from this website. Deputy Chief Administrator of Central Gondar Zone and Coordinator of Gondar area Logistics Support Mobilization Committee, Bantihun Mekonnen said the contribution indicates how the community is supporting the law enforcement measures being taken by the government to ensure law and order. Our AI-based recruitment engine ensures you get only relevant applicants tailored for your job requirements. Sophonias Woldu is an Ethiopian author with an outstanding skill for crafting unique and captivating articles that explore different aspects of life. Worku Aytenew is an Ethiopian millionaire and business mogul who owns many huge companies in different parts of Ethiopia. The company managed to import and distribute ETB 5 billion (USD 200 million) worth of palm oil through its trading business. The 2021 Forbes 400 List Of Richest Americans: Facts And Figures The company also owns an acrylic yarn dyeing plant, and is also engaged in the import and distribution of heavy-duty machineries and equipment for mining, construction, road making and quarrying. This motivating Worku, he advanced into an edible oil project under the name of W.A Oil Factory and Distribution PLC. Mr. Aytenew purchased Bell 407 Helicopter, and now this Helicopter will be used for commercial aviation services, according to reports. More importantly, his name is best known for supplying palm oil to the local market at a regulated price point to attain corporate social responsibility to support the lower of the pyramid consumer base. Ethiopia is one of the fast-growing countries in Africa. Worku Aytenew - Facebook The company has farmlands in Amhara and Benshangul zone, and the business took and cultivated 2,000 hectares in May 2019. Private sector investments in various sectors, capitalizing on resources nationally, contribute to import substitution of items we can produce domestically the Prime Minister said on the occassion. This is lower than the long term average of 3.67%. Get matches based on applicant's profile, as well as their interest in joining your company. Tewodros Ashenafi is a prominent Ethiopian businessman who has established one of the few multi-million and billion dollar empires in Ethiopia. He is also the founder and CEO of oil exploration firm SouthWest Energy, one the largest oil and gas acreage holders in East Africa. This diaspora community is estimated to be around 3 million strong, with by Sophonias Woldu | Mar 18, 2023 | Business, Entertainment. 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. ), 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. The 25th Fortune Worlds Most Admired Companies li A.I.