Tag: Mohammed Hussein Ali Al Amoudi

Dec282019 by newbusinessethiopianewsNo Comments

Al Amoudi to build mega oil processing in Ethiopia

BY MEKONNEN TESHOME - Sheikh Mohammed Hussein Ali Al-Amoudi, Chairman and Owner of the leading Ethiopian investment group, Midroc Ethiopia, is set to invest 4 billion birr (around $126.2 million) in mega edible oil processing factory in Addis Ababa, Ethiopia. (more…)

Jan312019 by newbusinessethiopiaNo Comments

Ethiopia misses 95% minerals’ export target

Mining

Partly impacted by the revocation of MIDROC Gold license of Etho-Saudi billionaire Al Amoudi, Ethiopia has missed 95% of its mining export target for the first six months of the current fiscal year started July 8, 2018. (more…)