Category: "Editor's Pick"

Ethiopia - 'Polygamy doesn't work' says father of 77

April 24th, 2008
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Ethiopia - 'Polygamy doesn't work' says father of 77

An Ethiopian man who has 77 children by 11 wives has urged others not to get married and has taken to dispensing advice on family planning to his neighbours, the Daily Telegraph reported.

Ayattu Nure, 56, of Ethiopia says he used to be a wealthy man and married out of a desire to share his money around but claims he is now peniless because of the competing demands of his brood.

"I want my children to be farmers but I have no land, I want them to go to school but I have no money," he says.

Seven of Mr Ayattu's wives live in run-down huts around the compound while the other four live on the other side of the valley in Giwe Abossa village, 300 kilometres from the capital Addis Ababa.

In total, they have given birth to more than 100 children but 23 have died.



Read Complete Story from The Telegraph

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Polygamy no fun, admits Ethiopian (BBC)

French Wine Made In Ethiopia - Video

March 15th, 2008

French Wine - Made In Ethiopia

One of France's largest wine makers plans to begin production in Ethiopia, where an unusual climate allows farmers two grape harvests a year

National Geographic Video
[youtube]I_AuL3hh17A[/youtube]

Click here to Watch the Video :
French Wine from Ethiopia

Ethiopia - Al Amoudi is the 97th Richest Person in The World - Forbes

March 6th, 2008
Billionaire Mohamed Al Amoudi, The World's Richest Black Person born in Ethiopia. Forbes March 2008 issue lists him as the 97th richest person in the world and the 6th richest in Africa and Middle East

Ethiopia - Al Amoudi is ranked 97th Richest Person in The World

Ethiopia born business tycoon, Mohammed Al Amoudi is the 97th richest person in the world, with a net worth of $9 Billion, according to the latest Forbes list of The World's Billionaires. Al Amoudi's net worth has increased from last year by a cool one billion dollar but his ranking took a beating from last year. Al Amoudi was ranked 86th with a net worth of $8 Billion in 2007's edition of Forbes Magazine.

Born in Ethiopia and now a Saudi citizen, Al Amoudi made his fortune in construction and real estate before betting on energy. Owns Swedish refinery Preem as well as Svenska Petroleum, which made big plays in Guinea-Bissau, Nigeria and Angola this year. Has invested more than $1 billion in Ethiopia, from hotels to gold mines. Last fall celebrated the year 2000 in the Ethiopian Orthodox calendar with international artists performing in his new 20,000 seat concert hall in Addis Ababa.

Al Amoudi is by far the richest person in Ethiopia and he is ranked the 6th richest person in all of Africa and Middle East. He is also considered the richest black person in the world.

Al Amoudi is a self-made billionaire, who is 62 years old and married with 8 children according to Forbes.

Bloomberg news reported that Berkshire Hathaway Inc. Chairman Warren Buffett toppled Bill Gates from the top spot on Forbes magazine's annual list of billionaires worldwide, ending a 13- year reign for the Microsoft Corp. co-founder. Buffett's wealth grew $10 billion to about $62 billion in the 12 months through Feb. 11, mostly from a gain in his company's shares, Forbes said in a statement.

Nigeria has its first Billionaire, Aliko Dangote who is worth 3.3 Billion and is ranked 334th in the world, South Africa also has its first ever black Billionaire.

The World's Billionaires

NameCitizenshipNet Worth ($Bil)
1 Warren Buffett United States 62.0
2 Carlos Slim Helu Mexico 60.0
3 William Gates III United States 58.0
4 Lakshmi Mittal India 45.0
5 Mukesh AmbaniIndia 43.0
6 Anil Ambani India 42.0
7 Ingvar Kamprad Sweden 31.0
8 KP Singh India 30.0
9 Oleg Deripaska Russia 28.0
10 Karl Albrecht Germany 27.0
97 Mohammed Al-Amoudi Saudi Arabia (Born in Ethiopia) 9.0

Source: Forbes

For complete list, check out Forbes Magazine

STORY HIGHLIGHTS

  • Ethiopia's Richest man is 97th in the world and 6th in Africa and Middle East
  • Facebook founder Mark Zuckerberg, who at age 23 might just be the youngest self-made billionaire in history
  • India has four Billionaires in the top 10
  • Mohamed Al Amoudi is The Richest Black Person in the World, who is Ethiopian by birth
  • There are 1,125 Billionaires in the world
  • Americans account for 42% of the world's billionaires and 37%, of the total wealth
  • Russia, with 87 billionaires, is the new No. 2 country behind the U.S., easily overtaking Germany,
  • Nigeria's Aliko Dangote and South Africa's Patrice Motsepe are the first black Africans to make their debut among the world's richest, according to Forbes*.

*Ed's Note: Forbes does not seem to consider Mohamed Al Amoudi as black African, but nazret.com considers Mohamed Al Amoudi as one of ours, an Ethiopian by birth.

Previous Rankings in Forbes

In 2005, Al Amoudi was ranked 243rd Richest Person in the World


In 2006, 77th Richest Person in the World


In 2007, 86th Richest Person in the World

Related Links


The World's Richest Black Person is from Ethiopia



Sheik Mohammed Al-Amoudi Documentary Video

Ethiopia - Stowaways Discovered On Ethiopian Airlines

January 24th, 2008
Stowaways Discovered On Ethiopian Airlines Plane At Dulles Airport

[youtube]E_MMUpJ2hzI[/youtube]

STORY HIGHLIGHTS

  • Two Ethiopian maintenance workers apparently stowed away in the ceiling of a trans-Atlantic flight that landed at Dulles International Airport from Addis Ababa
  • The two men were both wearing Ethiopian Airlines uniforms, including identification badges
  • They are seeking asylum and are currently in U.S. Immigration and Customs Enforcement custody
  • Ethiopia is one of few countries from Africa with FAA's Category 1 designation which meets ICAO standards

Watch Video

Stowaways Discovered On Plane At Dulles Airport

ef="http://www.wusa9.com/news/local/story.aspx?storyid=67662">WUSA 9

DULLES AIRPORT, Va. (WUSA)

-- Investigators are looking into what can only be described as a major security breach.
Two stowaways were discovered Wednesday on an Ethiopian Airlines flight that landed at Dulles International Airport.

Even so, the regional director for Ethiopian Airlines says security at Addis Ababa Airport, where the two men got on-board is one of the tightest in the world.

A spokesman says the two men who hid themselves in the ceiling of the aircraft appear to be Ethiopian Nationals, part of a cleaning crew that cleaned the plane just before take-off.

It's unclear what their intentions were but some passengers suspected they wanted to come to the United States for a better life.

With no answers as to how the men went undiscovered for 36 hours, including a stop-over in Rome, a security expert told 9NEWS NOW, "If you can store human bodies, you can certainly store a bomb or put weapons on board." Larry Johnson says the TSA and FAA should demand better security measures by airlines overseas or suspend flying privileges in the U.S.

At last check, the two stowaways were in the custody of Customs and Border Control. No one returned our phone calls when we attempted to seek information about their status or any charges they may face.

Written by Nancy Yamada
9NEWS NOW

Ethiopia - India gives Ethiopia $640 mln credit for sugar industry

January 14th, 2008

India gives Ethiopia $640 mln credit for sugar industry

Mon 14 Jan 2008, 10:11 GMT

ADDIS ABABA (Reuters) -
India has agreed to give Ethiopia a $640 million credit out of a total $1.3 billion needed to boost Ethiopia's sugar production, officials from the two countries said on Monday.

Late last year Ethiopia announced plans to increase its annual sugar production to 1.3 million tonnes by 2011 from a current 300,000 tonnes.

India's Exim Bank will finance the $640 million.

"It is the largest ever line of credit that India has provided to any country so far," Gurjit Singh, the country's ambassador to Ethiopia, said while signing an agreement between India and Ethiopia.

The remaining $660 million will be covered by the Ethiopia government.

The money will go mainly towards erecting a new factory at Tendaho in the country's Afar region, and expansion of Finchaa, one of four existing sugar factories in Ethiopia within the next two years.

"With the completion of Tendaho ... and the enhanced production of the existing four sugar factories ... annual sugar production is expected reach up to 1.3 million tonnes within the next two years," Trade and Industry Minister Girma Birru said.

Tendaho will have an annual production capacity of 600,000 tonnes and will be Ethiopia's largest sugar factory. It will be located in the lower Awash Valley, in the Afar region, along the Addis Ababa-Djibouti highway and railway line.

Finchaa is in the west of the country and its annual production is expected to reach to 270,000 tonnes from the current 80,000 tonnes at the end of the expansion period.

Ethiopia's other sugar factories are Wonji, Shoa and Methara.

Wonji and Shoa, 100 km (60 miles) east of Addis Ababa, are also undergoing expansion to increase their aggregate annual production output to 350,000 tonnes from the current 75,000 tonnes, according to a Sugar Development Study Paper.

Methara Sugar Factory, 250 kms east of Addis Ababa, is also expected to increase its annual production to 190,000 tonnes from 120,000 tonnes currently.

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SUGAR FACTORIES IN ETHIOPIA

  • Wonji Aggregate Annual production of Wonji and Shoa to increase from 75,000 tonnes to 350,000
  • Shoa
  • Methara From 120,000 tonnes currently to 190,000 tonnes
  • Finchaa to 270,000 tonnes from the current 80,000 tonnes
  • Tendaho (Under construction) will become the biggest sugar factory in Ethiopia with annual production capacity of 600,000 tonnes
  • Ethiopia to produce 1.3 million tonnes of Sugar by 2011