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  • 5 Ethiopian Multi-Millionaires You Should Know

    A few Ethiopians have built multi-million and billion dollar empires in industries as diverse as agriculture, food, construction, energy and distribution and earned multi-million dollar fortunes to boot. Their names don’t ring with the African public, and you’ve probably never heard about them before, but they are very successful — and very wealthy. Meet 5 Ethiopian entrepreneurs, who own businesses with annual revenues of $50 million or more.

    Belayneh Kindie

    Source: Agricultural Commodities

    Belayneh Kindie Import And Export (BKIEA), the eponymous company Belayneh founded and runs, is the largest agricultural commodities trading company in Ethiopia. He founded the company in 2005 to primarily export oil seeds and subsequently expanded into other commodities such as sesame seeds and nuts. Its commodities trading business has revenues of a little over $60 million in 2016. The company also has a thriving transportation business that boasts a fleet of more than 100 dry & fuel cargo trucks. BKIEA also owns hotels in Ethiopia and a port handling service company.

     

    Tewodros Ashenafi

    Source: Oil

    Ashenafi is the chairman and co-owner of Ambo Mineral Water, Ethiopia’s bestselling naturally-carbonated bottled mineral water, along with beverage giant SABMiller. He is also the founder and CEO of oil exploration firm SouthWest Energy, one the largest oil and gas acreage holders in East Africa. SouthWest has a leading acreage position in the Jijiga Basin, Ethiopia’s largest proven hydrocarbon-bearing sedimentary basin, covering an area of approximately 350,000 km2 and in the eastern region of Ethiopia bordering Somaliland.

     

    Buzuayehu T. Bizenu

    Source: Diversified

    Bizenu is the chairman and controlling shareholder of East African Holding, a leading industrial conglomerate in Ethiopia that operates in a variety of sectors such as manufacturing of Fast Moving Consumer Goods, tea processing, printing and packaging, transport, real estate, cement production and coal mining.

    Ato Ketema Kebede

    Source: Diversified

    Kebede is the founder of KK PLC, an Ethiopian company that manufactures blankets primarily to export across Africa and North America. 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. The company is also one of the largest exporters of Ethiopian coffee, cereals and spices.

     Akiko Seyoum Ambaye

    Source: Construction

    Akiko Ambaye, one of Ethiopia’s most prominent female business leaders, is the founder of Orchid Business Group (OBG), an Ethiopian construction company engaged in road construction, the supply of construction materials, rental services of construction machinery and haulage.

    Source: forbes

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  • UK issues travel alert over internet access in Ethiopia

    The United Kingdom’s Foreign and Commonwealth Office (FCO) on Tuesday issued a travel advice to its citizens with respect to Ethiopia, according to Africa News.
     
    According to the alert, despite the restoration of internet after a 10-day blackout during the conduct of national examinations, there was a likelihood that service could be cut without notice.
     
    A summary of the alert read as follows: ‘internet service have now been restored, however, internet and other mobile data services can be restricted without notice, hampering the British Embassy’s ability to assist you; you should have alternative communications plans in place when traveling in Ethiopia.’‘
     
    The alert also maintained a series of places that nationals should not travel to as contained in previous alerts, places the FCO advised against all travel to, included: predominantly all border towns except the Djibouti border and a part of the Somali border. All areas with 10 km of the border with Eritrea, Kenya, Somalia, Sudan and South Sudan were to be completely avoided.
     
    ‘‘The Ethiopia-Eritrea border remains closed. Several security incidents have taken place along the border. The risks of cross-border tensions remains,’‘ the statement added.
     
    They further cautioned that protests could break out ‘with little warning and could turn violent,’ hence the need for nationals to remain vigilant. The Horn of Africa nation in 2016 experienced spreading anti-government protests largely in the Oromo and Amhara regions.
    Source: Africa News

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  • Ethiopian to Inaugurate New Cargo Terminal

    The Ethiopian Airlines is going to inaugurate a new cargo terminal on the sideline of the second ICAO Global Air Cargo Development Forum to be hosted by the airline this month.

    The inauguration of its state of the art Cargo Terminal-II, will position the national flag carrier at the top in the continent in terms of cargo service.

    Group CEO Ethiopian Airlines, Tewolde Gebremariam said “The new Cargo Terminal-II combined with our existing Terminal-I will give us a total tonnage capacity of around one million per annum which is the largest in the continent of Africa.”

    Covering a total area of 150,000 m2, the new Cargo Terminal includes dry and perishable cargo terminals, fully automated elevating transport vehicle, among others.

    It is also fitted with different climate chambers for storage and handling of temperature sensitive products such as fresh agricultural products and pharmaceuticals.

    “Infrastructure development being one of the four pillars of our fast, profitable and sustainable growth strategic roadmap, Vision 2025, we have been making massive investments in infrastructure projects to modernize and expand our cargo facilities at a total cost of USD 150 million” Tewolde said.

    Upon completion of the second phase, which adds 600, 000 tones annual uplift capacity, Ethiopian Cargo and Logistics Services will have one of the world’s largest cargo terminals - a capability equivalent to cargo terminals in Amsterdam Schiphol, Singapore Changi, or Hong Kong, the CEO said.

    This investment along with the eight modern freighters will create adequate air cargo transporting capacity for the fast growing export and import demand of the continent.

    Ethiopian Cargo and Logistics Services operates eight freighters to 39 global freighter destinations in Africa, the Gulf, Middle East, Asia and Europe with an average daily uplift capacity of 650 tons on top of the belly hold capacity of 150 tons to over 95 destinations globally.

    It was recalled that the Ethiopian Cargo and Logistics Services has recently won ‘Cargo Airline Award for Network Development” at Brussels; ‘African Cargo Airline of the Year’ among others.

    Source: ENA

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  • 9 Foods that can fight belly fat-cnn

    Belly fat, or “visceral fat,” is what gathers in the gut and pushes out our bellies.

    Belly fat has been linked directly to almost every major illness of our time, including heart disease. Eating some kinds of foods can reduce inflammation throughout the body and help turn off fat genes

    There are nine simple foods that built into a list that’s easy to remember since it spells out “zero belly:” including:

    1-“Zero belly drinks,” drinks that are essentially plant-based smoothies that include protein, healthy fat, and fiber and contain resveratrol. Resveratrol can be found in abundance in red fruits, peanut butter and dark chocolate.

    2-Eggs contain a nutrient called choline. Researchers believe it turns off the genes for visceral fat gain.

    3-Red fruits like an apple can be some of the healthiest foods to eat. The deeper the color, the more effective they are at helping turn off obesity genes.

    4-Olive oil and other healthy fats can help control hunger for up to four hours.

    5-Beans, rice, oats and other fiber can work with your gut bacteria to turn off genes for diabetes. Oatmeal is a great way to start the day and if it is a little sweet it may satisfy your sweet tooth.

    6.Extra plant protein can be found in soy or split peas or nuts and seeds like almonds, pecans or sunflower seeds. You can also add a plant-based protein powder to any smoothie you’d make.

    7-Lean meat can help keep your metabolism high. Lean meats include skinless chicken breast, the white meat part of the turkey or the lean cuts of beef (will often have the word “loin” or “round” in the name).

    8-Leafy greens, green tea and bright vegetables can help reduce inflammation and help turn off fat-storage genes. Bright, colorful vegetables also add color and crunch to your meal plan.

    9-Your favorite spices and flavors like cinnamon, ginger and even dark chocolate can reduce inflammation and attack your fat genes.

    Source:CNN

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