Spotlight | Ethiopia
Al-Amoudi's empire sheds its skin as rivals circle his stronghold

Sheikh Mohammed Hussein al-Amoudi
Sheikh Mohammed Hussein al-Amoudi © Mohammed al-Amoudi-DR/Facebook
The Ethiopian conglomerate owned by billionaire Sheikh Mohammed Hussein al-Amoudi, whose Swedish assets were recently sold to Varo Energy, is seeking fresh funds. In recent years, the Midroc group has found itself edging closer to Prime Minister Abiy Ahmed's administration. [...]
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