Your account has been succesfully created.

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

Reading time 5 minutes
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.

Read also

Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!