www.maledatimes.com Billionaire al-Amoudi’s co. Investing $41m in 3 Ethiopian Farms By William Davison addis ababa - MALEDA TIMES
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Billionaire al-Amoudi’s co. Investing $41m in 3 Ethiopian Farms By William Davison addis ababa

By   /   April 5, 2013  /   Comments Off on Billionaire al-Amoudi’s co. Investing $41m in 3 Ethiopian Farms By William Davison addis ababa

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 (Bloomberg) —  Farms were bought from govt for 1.1b birr ($59.4m), General Manager of Horizon Plantations Ethiopia Jemal Ahmed tells reporters in Ethiopia’s capital, Addis Ababa.
  * Farms are Upper Awash Agro Industry Enterprise, Gojeb     Agricultural Development Enterprise and Coffee Processing     and Warehouse Enterprise: Jemal
* 400m birr to be invested over 2 yrs to double production to     50,000 mt in Upper Awash, country’s largest orange grower   * NOTE: Ethiopian-born Saudi citizen Mohammed al-Amoudi is     majority owner of Horizon Plantations Ethiopia through his
Midroc Ethiopia Group
* Al-Amoudi is single largest investor in Ethiopia and his     current net worth is estimated at $10.4b, according to the     Bloomberg Billionaires Index

 

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  • Published: 12 years ago on April 5, 2013
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  • Last Modified: April 5, 2013 @ 12:17 pm
  • Filed Under: AFRICA

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