Al Amoudi’s Relationship to Ethiopia: Symbiotic or Parasitic? – Tazebe Techanie

March 28th, 2010 Print Print Email Email

Ethiopian born Mohammed Al Amoudi is once again the richest black person in the world with an estimated net worth of a cool $10 billion in the latest Forbes’ World’s Billionaires List. (more…)

Ethiopian born Mohammed Al Amoudi is once again the richest black person in the world with an estimated net worth of a cool $10 billion in the latest Forbes’ World’s Billionaires List.

Al Amoudi is well known for showering Ethiopian Sports Federation in North America (ESFNA) with US Dollars, throwing extravagant parties and weddings for his private dancers as well as comedians, and most of all for being an ardent supporter of TPLF. However, his source of wealth is still a mystery. According to Forbes, he Hit jackpot with gold mine in the Oromo region of Ethiopia; it now produces 6 tons of gold annually, set to double production by 2010. How much did he pay TPLF to own such treasure of Ethiopia? In 2005, his love for woyanne became official and his wealth tripled by year 2006. He exposes his true color by wearing the “bee” T-shirt during the 2005 election.

Al Amoudi’s wealth grows proportional to his love for TPLF.

Things to ponder:

1) How did Mohammed Al Amoudi come to be the richest black person in the world with in less than 10 years? In 2001 Calendar year, he was not worth even 1 Billion Dollars and was not in the Billionaire list at all. Is there anybody else behind his wealth accumulation?

2) Is TPLF using Al Amoudi to launder money looted from Ethiopia and the money borrowed in the name of Ethiopia from World Bank and IMF?

3) Does Al Amoudi benefit from Ethiopia, mutually benefit from each other or does he feed off of Ethiopia like a parasite?

1. List of his companies and source of wealth:

  1. Ferede
    | #1

    He is the BIG cancer and parasite who is milking Ethiopian wealth and natural resources at will with the blessing of the illegitimate and tyrant regime of Woyane.

  2. Anonymous
    | #2

    Alamudi has no feture in our country.He should be brought to justice for collaborating with the enemy of Ethiopia.

  3. Tulu
    | #3

    Dear Friend don’t be full. All the resource that have been snatched from Oromos and Ethiopians by the name of investment is belongs to the three people Alamoudi, Zenawi and his arrogant wife Azeb Mesfin. By what ever means all Ethiopians should try to stop this robery from poor Ethiopians. The Oromo student in Shakiso has tried to stop this crime but all Ethiopians have a responsibility to stop this crime against The Ethiopian poor. The so called Oromo Abadula ( Minassie) is like a doll that facilitate robery from the innocent oromo land. The socalled Oromia Presidents Abadulla ( Minassies) Kuma ( Tadesse or Beyene) , Junedin these three people have played a game against the Oromo people by facilitating for Woyane to kill, rob and jail the Oromos so we all should work hard to bring these catalysits of woyane to justice.

  4. Tazabi
    | #4

    Initially before he introduced himself as a genuine inevstor he acclaimed
    himself at one time as someone who doesn’t like at all the dirty games of poletics – “REPORTER.” Then a few years later he started to climb the ladder through few known local figures up to the core in the regime.
    Although his democratic right well respected but he should know by now that the gambling at the cost of the peoples life has come to the end.

  5. Anonymous
    | #5

    የማያጠግብ አንጀራ ከምጣዱ ያስታውቃል: ሰውዪው ግን በአድራጎቱ ሁሉ ምን እያሰበ እንደሚያደርገው ሊገባኝ የሚችል አይደለም: ፈቃጆቹ ግን ለሱ ንክክኪ ላለው ቀርቶ ለውጪ ጠላቶች እየቸበቸቡን እይደል?

  6. Kifle Haileyesus
    | #6

    Thanks for posting this for all of us to discuss. Al Amoudi has been doing great things in Ethiopia and the world. I appreciate his love for his country.

    As for his wealth going up 10 fold in 10 years, well my own portfolio has gone up 300%. Mind you, I am not even a businessman like Al Amoudi. I personally chose my own investments and gotten such a huge return. I am a professionally employed individual with out any access to advisors. If I had the kind of financial planners, investors and analysts like Al Amoudi, then my portfolio could have ballooned to 800%.

    So, net worth growth of 10X in 10 years with all of the people working for him is actually not much. Also, keep in mind that his portfolio grew in 2005 and late due to the sector he is involved in (oil). Just look at how much you are paying for gas now verses in 2001.

    Go Al Amoudi Go!

  7. Tulu Oda
    | #7

    Al Amoudi is the agent of the most extremist Wahabi in Saudi Arabia set to destroy Ethiopia

  8. atuba dolla
    | #8

    It has been well known that Zinawi and members of the crimefamily have never been bread-winners i.e they have never been sweating to earn incomes.They got rich and wealthy after they cheated donors and fed the hungry with sand and sold the grains they received from charity and donors on clandestine market and got really,really rich and wealthy.With this seed money in millions of dollars and with the rest of millions of dollars they purchased guns and bullets and weapons and armaments and they came into Ethiopia and vandalised the lives of families.From that on,they continued to loot and murder Ethiopians.

    Al Amoudi was not a Eureka;he was rather a part of the package i.e he came into Ethiopia along with the robbers to suck,loot,and exploite the resources of Ethiopia while sharing profits from the business he does in clandestine with Zinawi and members of the crimefamily.

    It is a deal;Zinawi gets millions of dollars from the selling of fertile lands to foreigners,from the business they run,control,and own;likewise,they they get shared profits from Al Amoudi illegal business that he runs in Ethiopia.In short both Al Amoudi and Zinawi and members of the crimefamily are one and the same;therefore,all of them must be removed from Ethiopia permanently.

  9. Lema
    | #9

    TPLF is a disgrace to the incorruptible and progressive student movement of the last centuary.Even in fedual Ethiopia Adolla gold mine was the property of the State.The Derg nationalized any entrprise big enough to be nationalized with the aim of creating a socialist society which was the current fad of the time.
    TPLF transformed itself from Albanian communism to Mafioism.Melese is the God-father and Alamudi is the exchequer.That shall be exposed sooner or later.

  10. for real?
    | #10

    Chgnie, your names says it all. You are one of the scumbags who wouldn’t let investors of any sort, be it indigenous or otherwise invest in Ethiopia. I wont be surprised if one is implicating you about the die hard jealousy and envy which has made us a mockery throughout the World. Chagne and his buddies have succeeded in making our country one of the most backward in the whole World for they dont work and neither do they allow others to do the work. Mr. alamoudi, for your info, could have chosen to have invested anywhere else in the World and could have achieved the same or better result. By the way, most of the riches ammased by the Great Ethiopian were the result of his involvement with supplying to the armed forces which were installed in the Gulf during the first War against Sadam.Thereafter, the Gentleman was on the roll, for the most part, in Sweden and North Africa where he heavily invested in oil refineries when oil was trading around $10 us and everyone else shunned the sector. He was a lucky guy who was at the right time and moment unlike you, dumb dimb witted chauvinist ( based on your nick).Chagne and your likes are wht made our country impoverished for so long for your hate and xenophobic attitude towards foreigners or those of different religion unwelcome in the land of plenty where plenty were going hungry for non other than your sickening attitude towards those with a little more than in your household where most were defecating on the open while the World was exploring the moon. Had your kind were forthcoming hundreds of investors came to the Imperial court with realistic programme to get us out of the pit we find ourselves to this day. Your nick says it all……………….good for nothing. Mr Alamoudi is one lucky dude who decided to spread the wealth in his native land. He could have chosen any other country and fared a lot better and gotten a lot more respect. The Sheraton ushered a new era in Addis for the City is dotted by so many other edifices since he set foot there. I wish there were a dozen more like him and not the corrupt emperor or the blood crazed Barya…………..

  11. Anbese
    | #11

    Alamoudi was been traped in the weyane racist party membership for nothing. I thought, He recognized that, No one need him at all.
    Ethiopian had given priority Loving Mother Land, Not Money. His money is running everywhere with out happiness.

  12. wow
    | #12

    Abugidainfo great analysis we know that but no one excpect his wealth grow up like this after 2005 bloody Election. Its sad our brothers and sisters died for this??? Its amazing God kknows he will pay it when time is come soon…after the fall of this Devil goveremnt we will see how he will servive.

    God Bless Ethiopia!!

  13. Awad
    | #13

    The saudi billionare Al amoudi is chief of woyanne looting infrastructure brought to Ethiopia only for this purpose like
    the previous comment the stolen money will be distributed for
    many woyanne officials like addisu bereket zenawi & wife the
    national woyanne owned companies are paying the security structure
    and cadres in and outside the country

  14. Kasu
    | #14

    Melese,the pm of Ethiopia, to mass a lot of money everywhere in the world in his name will be suspious,so he has to create a billioner,Al-moudi,and no question asked;therefore,he,Melese,can stash the money in the name of invester who is Al-moudi that is simple and clear don’t you get it!

  15. Socrates
    | #15

    I bet if Alamoudi were a white investor, y’all would not be complaining as much! We all agree that Ethiopia needs foreign direct investment (FDI) if it is to show meaningful dev’t as quickly as possible. And, believe you me, no investor worth his salt is going to come to Ethiopia unless they thought they would get higher returns on their investment than they would get elsewhere. So are you going to scream and holler every time an investor comes to Ethiopia and makes huge amounts of profit on their investment??? I actually prefer Al Amoudi’s investment since he appears to be re-investing his earnings in various ventures all over the country.

  16. MULU
    | #16

    well, why are we blaming Alamoudi? he is one of ethiopian decent citizen. he helps his country and creat job for the people. we all have to encorage and admire him instead of looking him as enemy.

  17. Mezgebe Berhe
    | #17

    When the sun sets on him and his gang members, Meles-Sibhat-Azeb Golgal, we will flatten his stomach and squeez our gold out of his belly. The dirty wuhabist, atfito-tefi, a terrorist. How much dirt is in his stomach! He will soon spew it out, “altegib bay sitefa yadral.” He is not going to sleep with our money in his pillow. My fellow Ethiopians be braced not let him slip out to Saudi-Arabia, the terroist nation when the day reconing comes.
    Ethiopia will shine again and will make its enemies her footstool. Her enemies will perish and she will prosper. Damnable is the one who tresspasses against Ethiopia and Ethiopians.
    Ayzosh agerye,Emamuye lijochish yetadegushal!

  18. Teklu
    | #18

    TPLF & Alamoudi are one and the same from day one. They are a terrorist group unfortunately financed by World bank and IMF. Here is how it works! For example, Meles (TPLF) cuts power to cement factories or order the company to slow production to creates cement shortage in Ethiopia then, request the World bank to finance a new cement factory to be build. World bank sends a blind banker to asses if the need real. After sharing AMBASHA with Meles at minilik palace he recommended World bank to finance the factory. Then Meles announces good old Alamoudi is going to build a cement factory for Ethiopia as if he is going to pay for it out of his pocket. EFFORT Construction co. will be awarded to build the factory with out a bid at inflated cost. Out of the $300,000,000.00 given by world bank may be 200 Million used to finish the project, the rest will go to Meles and Alamoudis account. Fact: The recently so called Alamoudi cement factory is financed by World Bank not Alamoudi.

  19. Yohannse Eshete
    | #19

    you have to have a proper balance of judgment. He is an Ethiopian also, do not be selfish and you have to see a positive side also.

  20. Zeraffe /Germany/
    | #20

    የእትዮጵያ አምላክ ይፋረዳችሁ ሊላ ምን ይባላል ጨረሳችሁን አይደል

  21. tewbel
    | #21

    If there was no money to be made in Ethiopia and if he coould not write off his losses in Ethiopia, will he be investing in the country ??

  22. Sebeaa Enderta
    | #22

    It would be interesting to know if he had ever been audited? What tax benefit he gets and how much tax he pays for all the income he claim to make?

  23. Anonymous
    | #23

    Commentator 10,’for real’ appears to do a P.R for the rich Sheik.That is fine by itself.Mr Al Amoudi has the money to pay and there are so many like commentator 10 who are happy to do the services.But I disagree with the way the service is being rendered by the commentator.Why does one need to resort to the use of such rant and despicable words like ‘Barya’ to describe the former dictator,Col Mengistu?
    How much does commentator #10 earn to stoop so low in serving his master?
    Where is self respect in this?

  24. aramiw
    | #24

    ወጣ ወጣና እንደሸንበቆ ተንከባለለ እንደሙቀጫ

  25. Kerchele
    | #25

    Behind every fortune…there is crime. That sums it up all about Almoudi

  26. Babu
    | #26

    Hey guys cool it down. Why blame a guy who came with some money and made tons of it? Who is in charge of the country? What rules are there to make sure the interest of the investors and the people are kept in balance? If there is any blame, it would be at the doorstep of the ruling party and its heads. To be precise, the buck stops at the PM, Meles office. If not today but one day in the future we will learn all the deals that were made behind the scene or otherwise and the responsible bodies would be accountable. So let the guy run his business but ethically for his own benefit, name and survivals.

  27. ዘር
    | #27

    አቶ ‘for real’
    የአገራችን ሰው ሲተርት’ቅንጭብ በበላበት ያረብዳል’ይላል::
    የቀድሞው ንጉስ authoritarian ቢሆኑም አንተ እንደምትለው corrupt ግን አልነበሩም::’ሌባ ሌባ’እየተባሉ የተሰደቡበትና ከህዝቡ ዘርፈው እስዊዝ ባንክ በብዙ ምሊዮኖች አጠራቅመዋል እየተባለ ለረዥም ጊዜ የተዋሸበት እኩይ ፕሮፓጋንዳ እጅግ አሳፋሪው ታሪካችን ነው::በዘረኛ ቃል ‘Barya’ ብለህ የጠራህውም መንግስቱ ሃይለማርያም barya መባል አይገባውም::ሰው በቆዳው ቀለም አይሰደብም ::ይህም የከፋ የአስተሳሰብ ድህነትን ከማሳየቱ በላይ አንድ ጥቁር ሌላውን መሰሉን ጥቁር ባሪያ ሲለው ራሱን መልሶ የሚያዋርድበት ከዚህ የተሻለ ቋንቋ የለም::
    ወይስ የአረብ ድብልቅ ነኝና እኔ ጥቁር አይደለሁም ከሚሉት ሃሳበ ስንኩል ወገኖች መሃል ትሆን?
    እንደዚያ የምታረብድለት ዲታም በብዙዎቻችን ዓይን ከፍ ያለ ሞራል ያለው ሰው አይደለም::በአደባባይ እንደሚታየው ማጋጣና ጠጪ ነው::ጨዋነት የለውም::ለስሙ ማግነኛ ስማቸው ለታወቀ ጥቂት ግለሰቦች ገንዘብ ከመለገሱ ሌላ እንደሌሎቹ ባለጸጎችና እንደ ሃብቱ ብዛትም ይህ ነው የሚባል የትሩፋት ስራ የለውም ::በዚህ መንገድ ዝነኛ መሆን ሲጀምርም ወዲያውኑ ለዚህ አምባገነን አገዛዝ ባሳየው ግልጥ ድጋፍ ብዙ ሰው እንዲጠላው ሆኗል::

    አቶ አላሙዲ ኢትዮጵያ ውስጥ በአጭር ጊዜ ያካበተው ብዙ ሃብት የተገኘው በነጻ ገበያ ውድድርና ህግ ሳይሆን ከአምባገነኑ አገዛዝ ጋር ባለው የጥቅም ተካፋይነት መሆኑን ሎሌዎቹና ጥቂት ነገር የበተነላቸው ሰዎች ይክዱት እነደሆነ እንጂ ብዙ ሰው የሚያውቀው የአደባባይ ምስጢር ነው::

  28. Anonymous
    | #28

    አንድ አንዳንድ ጊዘ ሳስበው ስንቶቹ ናችሁ አሁንም እንደ በፊቱ በገርባ በ ለወያነ የምታገለግሉት ወይን ስልጣን ላይ እንደወጣች ከአሁን አሁን እንዲህ የሚባል ድርጂት ተፈጥሮ ወዪንን ሊጥላት ነው እያላችሁ ስታደናግሩ ነበር አላሙዲ እትዮጵያ ከመግባቶ በፊት ዪህ ሰውያ ፊሽ ፊሽ አበዛ ዉስጥ ዉስጡን ለዚህችህ አገችር መግደሊያ ገመር እየትቂጠረ እንደሆነ ተገንዝቡዋል መችሀ ጀምሮ ነው ሳውዲ አረብያ ለኢትዮጵያ አንድነት ታግሎ የሚያውቀው ማንኛዉም እትዮጵያን ለማፍረስ የተነሳ ድርጂት የሳውዲን በረከት ማግኘት ነበረበት የሳዉዲ ሙላህ ሱፐር ፓዎር የሚለውን ስም ለማግኘት የማይቆፍሩት ጉድጉዋድ የለም. ነጻነት ካለ መሳሪያ ሃዪል አገኛለሁ ማለት የህልም እንገራ ነው ስለዚህ ይህንን

  29. Assta B. Gettu
    | #29

    Any person that has in his blood the blood of Muhammad, the false prophet, is destined to be a thief, a child molester, and a greedy person for power, money, and sex. That person is Al Amoudi, a close friend of Meles Seitanawi and an enemy of the Ethiopian people but the Ethiopian Arab Muslims.

    He exports the Ethiopian precious gold, worth of billions of dollars, to the Arab world, and he imports Islam to the Christian land of Ethiopia to uproot Christianity from Ethiopia. He feeds the Saudi royal families with varieties of fresh fruits grown in the southern part of Ethiopia and transports the rest to the other Muslim countries while the Ethiopian peasants are famishing and dying poor.

    Meles Seitanawi and his wife Jezebel (Azeb) never do anything good or bad without first consulting this Islamic tycoon Al Amoudi, and if one wants to know where Meles and Jezebel put their assets, one has to ask Al Amoudi, the personal treasurer of the two demonic personalities. Al Amoudi has suddenly become an important person like one of that important Ethiopian official who was in charge of all the treasury of Candace, queen of the Ethiopians (Acts 8:26); the only difference between this greedy Al Amoudi and that loyal and trustful treasurer is that Al Amoudi has many wives as prescribed by the false prophet, Muhammad, but that Ethiopian treasurer, for an unknown reason, was an eunuch, so he never married, but he brought Christianity to Ethiopia, and Ethiopia flourished because of the Ethiopian Christians, and later Ethiopia declined because of the Ethiopian Arab Muslims who conspired from time to time against the Christian Kingdom of Ethiopia, and now there is a great fear that one day Al Amoudi may become a second Gragn Muhammad to completely destroy Christianity in Ethiopia and replace it with the fake religion – Islam, a scum.

  30. atuba dolla
    | #30

    City Events:- Every year hundreds of girls disappeared in Addis alone.

    The stolen little girl was alone in the farm collecting corns and sugarcanes;her mother was in the kitchen prepearing a meal for the girl,and the father was out for the day to buy farm tools.

    An Arab merchant crossed the border into Ethiopia and stole a little girl from the villagae and took her very far from the village and rapped her.After the little girl gave birth to a baby boy,she was disgarded.The thief fed the baby with sour milk and he then wrapped the baby with a piece of rug and stached him in a sack and disappeared.

  31. Anonymous
    | #31

    Assta B. Getu, you sound and act like one of those extremist Tea Baggers and Militias. It is one thing to oppose and despise Meles and Al Moudi, but why do you go around insult and attack Muslims. Please, in the name of God, stop attacking people’s religion. It has no purpose. May the spirit of Ethiopian Easter help you to heal your heart.

  32. Assta B. Gettu
    | #32


    I don’t really hate any religion but Islam that authorizes the killings of Christians and other non Muslims and guarantees the killers free tickets to enter paradise. Islam teaches violence and submissiveness to worship the moon-god, allah. Not only that, Quran also teaches its followers to revenge against those who reject Islam and accept Christianity: it says, “If they turn back from Islam, becoming renegades, seize them and kill them wherever you find them.” (Quran 4:90)

    Ever since 9/11, I have hated Islam and never allow them to be my neighbors, and I will never fly with them when I go back to Ethiopia. Once I’m in Ethiopia, I will give the Ethiopian Arab Muslims two choices: Convert to Christianity or leave the country within a year or two. One may say: “Who are you to command the Arab Muslims who are living in Ethiopia as refugees from Mecca to leave Ethiopia and go back to their original home – somewhere in the Arabian Desert?” Well, I cannot reveal what I’m going to be and what kind of authority I may have once I am back in my homeland.

    By the way what the Arab merchant did to the little Ethiopian girl confirms the true teaching of Muhammad, the false prophet, the rapist, and the terrorist.

    My fellow Ethiopian Christians, be aware of the Arab Muslims living next to your doors!

  33. Anonymous
    | #33

    Assta B. Getu, Evangelical Pastor and his son were convicted of Genocide in Rwanda…Oklahoma city was bombed by Christians…millions of Americans who hate Obama because of his skin color are Christians…Millions of Christians steal from the poor and treat people badly everyday…If you take your own analogy in all these cases, that means you consider Christianity an evil religion? I am a Christian, who disagree with you totally. We all have to take a personal responsibility to be good and kind as Jesus teaches us and win others with our deeds. Being hateful and bitter like some of those extremists is what the devil wants us to be. We all need to look in the mirror and ask if we are free of sins before we judge others. And we need to ask ourselves if we say the same thing what we say on cyber space in front of our Muslim brother and sisters and our Muslim co-workers.

    Read more about the evil Pastor and his son:

  34. Assta B. Gettu
    | #34


    The Hutu tribe man, (Rev.) Pastor Eizaphan Natakirutiman from the Seventh Day Adventist Church had done wrong if it is true, and his evil act does not, by any means, represent the other devoted and dedicated Seventh Day Adventist Christians who have been contributing through their effective Christian ministries indispensable and world class education everywhere in the world. In regard to this particular Christian Church, I ask you to read some of its Christian books written by Ellen G. White, one of the pillars of the Seventh Day Adventist Church, books such as Steps to Christ, The Desire of Ages, The Great Controversy, the Ministry of Healing, The Acts of the Apostles, and many other valuable Christian books. In reality, I’m not qualified to defend the Adventist Church for the crimes committed by one of its pastors against humanity; there are several distinguished Seventh Day Adventist theologians who are able to defend their members from various groundless or well-grounded religious and secular controversies that pop up from time to time.

    To make our discussion clear and relevant, I only represent my Ethiopian Orthodox Tewahido Church, and I’m so proud there have been no major crimes committed by the Ethiopian Orthodox Tewahido Church clergies or priests; therefore, any crime perpetrated by some insane people from other church denominations, the Ethiopian Orthodox Tewahido Church is not responsible for, and this does not mean my Church is not concerned about any crime committed by any person against humanity: it prays for the victims as well as for the perpetrators.

    My big problem is Islam, and Islam only, Islam that teaches that war is ordained by Allah, and all Muslims must be willing to fight, whether they like it or not (Quran 2:116). It also teaches that non Muslims (Christians, Jews, and others) will be rejected by Allah after they die (Quran 3:85).

    As to the crimes Muslims have been committing so far is well documented, and I invite you to read the following documentation:

    Muslims by far has failed to take personal responsibilities for the everyday destructions they bring upon the innocent lives of millions of Christians and upon their properties. In fact, in Ethiopia, the land of Christianity, Ethiopian Arab Muslims have attacked Christians and burned their Churches and their properties: Read the following article:

    You wrote: “…millions of Christians who hate Obama because of his skin color are Christians….” You must also remember that it was these Christians, who brought Obama to the White House, and you have no concrete evidence that these Americans hate Obama because of his skin color; they also hated George W. Bush, a white President, who looks like them. Some Americans hate a person who is not performing his duties properly just like many Ethiopians who detest Meles Seitanawi (Zenawi) for abusing them on a daily basis. And those Americans who hate Obama must be the Arab Muslim communities who are concerned about the war in the Muslim country of Afghanistan, but those of us American Christians are very satisfied for what Obama is doing in silencing and slaughtering the Islamist Jihadists all over the world. Hallelujah!

  35. Assta B. Gettu
    | #35

    Correction: Muslims by far have failed, not has failed.

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