Extract
from:
“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:
These questions seem to have clear answers if you look
at the capital flight growth during the same period as the wealth of Ala Moudin
made a tremendous change!
See: Africa: Real Illicit Financial Flows (CED+GER): 1970-2008 ($US millions
2004 deflated)
|
2000 2001 2002 2003 2004 2005 2006
2007 2008 total
|
Ethiopia 65.0
681.6 307.9 88.9 36.3 769.8 1,097.9 1,233.8
1,647.2 7,111.4
|
It doesn’t need a big head to presume that Ala Moudin
is also the source of the illicit
capital flight growth, which came about
in the same period as his wealth! - The transaction; i.e. The payment made by Ala Moudin to TPLF for the
Grants and Services to get the free ride
to invest in every sector of the Ethiopian economy – A “One-Man” dominated
national economy!
***
REFERENCE
**********************************************
Tazebe Techanie
By Admin On March 28, 2010 @
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?
=================
The Unofficial Mohammed Al-Amoudi Homepage
Business
Al Amoudi owns a broad portfolio of businesses in oil and gas as well as in
construction, real estate development, mining, agriculture, hotels, hospitals,
finance, operations and maintenance. Although his investments are far flung and
scattered across the globe, most of his business interests are organized under
four conglomerate holding and operating companies: Corral Group, MIDROC Europe,
MIDROC Ethiopia and ABV Rock Group. His business holdings are privately owned,
either in whole or in part; most are not publicly traded. Businesses registered
under his name employ over 40,000 people worldwide.
CORRAL Group - is a holding company for oil and
gas related business interests based mostly in Sweden, Morroco and Lebanon:
- Corral Petroleum Holdings AB
(Sweden)
- Preem Petroleum AB (Sweden)
- Svenska Petroleum Exploration
AB (Sweden)
- Corral Finans AB (Sweden)
- Corral Morocco Gas and Oil (Morocco)
- Société Anonyme Marocaine de
l'Industrie du Raffinage (Morocco)
- Coral Oil Company (Lebanon)
- Speed Oil Company (Lebanon)
ABV Rock Group - a holding company for
construction related businesses (Saudi Arabia, Sweden). The sister companies of ABV Rock
are:
- Saudi ABV General Contractors
Company
- Innovators Consulting Engineers
- Yanbu Steel Company
- Trans Desert Transport Company
- Metal Service Company
MIDROC Europe - Formed in
1996 through the acquisition of a number of contractors, Midroc Europe operates
in the Scandinavian and international contracting markets, focused on the civil
construction, industrial and environmental contracting sectors. The Midroc
group in Scandinavia is owned by Sheikh Mohammed Al-Amoudi and the Wikström
family (allegedly a front for Al Amoudi holdings). The Midroc group in Europe
consists of the following companies:
- Midroc Construction
- Midroc Engineering
- Midroc Electro
- Midroc Environment
- Midroc Project Development
(MPD)
- Midroc Real Estate
- BAC Corrosion Control
- Metalock
- Alucrom
- GP Ställningar
- Rodoverken
MIDROC Ethiopia Investment Group - is a holding company for over 30 enterprises and business interests in
diversified sectors. Managed under parent MIDROC Group is MIDROC Ethiopia
Technology Group which has 11 businesses under its management:
Other businesses under MIDROC Ethiopia include:
- Sheraton Addis
- Midroc Construction Ethiopia
- Moha Soft Drinks S.C.
- National Mining Corp. (Kenticha Tantalum Mine,
Lega Dembi Gold Mine)
- National Motor Companies
- Ethio Leather Industries (ELICO) P.L.C.
- Bauer-Midroc
- Sara Lamps
- Ethio Coffee & Tea Plantation & Marketing
P.L.C.
*MIDROC = stands
for Mohammed International Development Research and Organization Companies
- WorldSpace - hostile
take over attempt of Naoh Samara's start-up satellite business
- Al-Tad (for Al-Amoudi and Tadelle Yidnekachew, son of renouned Yidnekachew
Tessema) - the first business set up in Ethiopia: a construction company to
build Sheraton Addis
Business Network as sketched by a former employee of Al Amoudi who at
one time ran a website at: www.workinsaudi.com
According to this source, Al Amoudi started out as a cement dealer. He
later became the construction material supplier for the Swedish managed huge
Saudi government project - the Saudi Strategic Storage Programme
(SSSP-Project). The project was run under the aegis of the Ministry of Defense
and Aviation. Al Amoudi is believed to be the front man for Prince Sultan Ibn
Abdul Aziz who is the minister
======================
EU urges responsible foreign farmland
investments
Wed Mar 31, 2010
By Charlie Dunmore
BRUSSELS (Reuters) - Foreign investors in agricultural land in developing
regions such as Africa must respect local human rights, livelihoods and
resources, the European Union said in a policy paper released on Wednesday.
Sharp rises in global food prices in 2008 prompted major food importers
such as Saudi Arabia, China and South Korea to lease farmland abroad -- often
in Africa -- to secure food for their populations.
But critics including the EU have warned that such deals, described by some
as land-grabbing, are often not transparent and can compromise the livelihoods
of local farmers in developing countries.
"The EU and its member states should support the development of
internationally agreed principles for responsible investments in agricultural
land," said the policy document on food security drawn up by the EU's
executive European Commission.
The paper proposes a new EU policy framework for combating food security
problems in developing countries.
Support should focus on increasing food production by small-scale farmers
in countries at risk, particularly in Africa and South Asia, it said.
It called for an "ecologically efficient intensification" of food
production by smallholder producers, especially women farmers, by providing
better access to resources including land, water, credit and other agricultural
inputs.
But it said such intensification should not promote technologies that are
not sustainable or are incompatible with national capacity to regulated and
manage risks.
Other EU priorities should include a 50 percent increase in support to
"demand-led" agricultural research, and a focus on improving the
nutritional quality of food.
The new policy framework "does not directly imply an increase in EU
aid funding," the Commission said.
Last year the bloc pledged aid worth 3 billion euros from 2010 to 2012 under a
20-billion-dollar food security initiative by the Group of Eight developed
nations.
AID GROUPS PRAISE FOCUS, ALSO HAVE CONCERNS
Aid groups praised the policy's focus on combating land-grabbing and
promoting small-scale farming, but warned that other EU policies could work
against its aims.
"Land essential for local food production in poor nations that suffer
high levels of hunger is increasingly being seized from farming communities and
turned over to biofuel production to meet EU targets," anti-poverty group
ActionAid said.
As a signatory to the United Nations' decade-old Millennium Development
Goals (MDGs), the EU -- the world's largest development aid donor -- has
pledged to try to halve the number of people suffering from hunger globally.
But the Commission said the number of people suffering from hunger had
risen to more than 1 billion and this was "affecting human development, social
and political stability, as well as causing widespread suffering and loss of
life."
The new paper is part of a package of policy proposals on health, education
and gender development expected in the next few weeks.
The proposals will form the basis of discussions by member states and the
European Parliament on a common EU position on progress towards meeting the
MDGs, which will be the subject of a UN summit in New York in September.
========================
African farmland deals need rules, grass-roots
warn
Tue Mar 30, 2010
* Secret land deals seen as fodder for
corruption, conflicts
* Rules needed to benefit both foreign
investors, Africans
* Keeping farmers on their land seen key in land
deals
By Laurie Goering
MONTPELLIER, France, March 30 (Reuters) - Large-scale foreign leases of
African farmland risk driving conflict and fuelling corruption in the region
without regulation, regional experts told a conference on agricultural
development.
If rules for responsible foreign land investment can be drafted and
followed, leases could provide a much-needed cash infusion for African
agriculture, which has struggled to find investment elsewhere.
"What's missing is that it has not been done responsibly enough,"
said Kanayo Nwanze, president of the International Fund for Agricultural
Development (IFAD). "Food security is a global issue and global
partnership can contribute."
Rattled by the 2008 food crisis, when falling supplies and surging prices
sparked unrest in several poor countries, and by the prospect of climate change
denting farm output at home, countries such as Saudi Arabia, Kuwait and Qatar
have paid millions of dollars for long-term farmland leases across Africa.
Investors looking for higher returns have also jumped into the market, and
countries like China have locked up African land not just for food but for
biofuel production.
Altogether close to 20 countries have leased tens of millions of acres of
land in Sudan, Ethiopia, Congo, Nigeria and other African countries,
agricultural experts say. The deals have provoked international criticism, not
least because opponents fear the proceeds may end up in the hands of
politicians rather than small farmers who could be pushed off their land.
FOOD SECURITY AT HOME
"The real issue in Africa is that a lot of these deals are done in
secret," said Namanga Ngongi, president of the Alliance for a Green
Revolution in Africa, a project funded by the Bill and Melinda Gates
Foundation.
"The small-holder farmers who stand to lose their land are not
consulted. No one is sure the amount of money declared is the real
amount," he added.
"Increased foreign investment is what everyone has been crying for for
years," he said, adding though that on a continent already struggling with
widespread hunger, investment that did not build food security at home did not
make sense.
Regulating new investments, however, could help ensure Africans, notably
farmers, get some benefit, IFAD's Nwanze said.
The IFAD and others are trying to create a new international framework on
responsible land investment, which would set out guidelines on how local people
must benefit from such deals.
That could require investors to hire local farmers already on the land rather
than bringing in their own workers.
Land investors cannot be forced to sign on to such rules, Nwanze said. But
faced with international criticism, many might sign up as a way to defuse
tensions and improve their image, particularly in the countries where they are
leasing land. The reality, Nwanze said, is that the investment is going to
happen, and "I'm looking for a win-win situation."
(Laurie Goering is an editor at AlertNet, a service of the Thomson Reuters
Foundation, which aims at alerting humanitarians to emergencies. Check AlertNet
news on www.alertnet.org) (Editing by xxx)
=====The Reference ======================= ==================================
*MIDROC stands for
Mohammed International Development Research and Organization Companies
- WorldSpace - hostile
take over attempt of Naoh Samara's start-up satellite business
- Al-Tad (for Al-Amoudi
and Tadelle Yidnekachew, son of renouned Yidnekachew Tessema) - the first
business set up in Ethiopia: a construction company to build Sheraton Addis
Business Network as sketched
by a former employee of Al Amoudi who at one time ran a website at: www.workinsaudi.com
According to this source, Al
Amoudi started out as a cement dealer. He later became the construction
material supplier for the Swedish managed huge Saudi government project - the
Saudi Strategic Storage Programme (SSSP-Project). The project was run under the
aegis of the Ministry of Defense and Aviation. Al Amoudi is believed to be the
front man for Prince Sultan Ibn Abdul Aziz who is the minister.
*
Al Amoudi's Oil and Gas
Holdings (extracted from the article:
SAUDI ARABIA - The Private Placements, published on 20 October 2003 by APS Review Gas Market Trends):
Corral Petroleum Holdings
(CPH) is a Swedish-registered firm owned by Mohamed Hussein Al Amoudi, of a
Jeddah-based merchant clan. CPH in the first quarter of 1999 assumed control
over the refining and retail businesses in Morocco. This was done through a
merger of the country's two refining firms in which CPH had held the majority
since May 1997: Socit Anonyme Marocaine de l'Industrie de Raffinage (Samir) and
Socit Chrifinne de Petroles (SCP). The smaller refinery, at Sidi Kacem, has a
nameplate capacity of 1.5m t/y. Samir's refinery has a capacity of 6.25m t/y.
CPH's local unit, Corral
Holdings Morocco (CHM) merged Samir and SCP so that their resources were pooled
together to gain economies of scale and help CHM prepare a $700m programme for
expansion. This was to include an upgrade of the two refineries, as gasoline
and gasoil specifications in Morocco were to be changed by 2003. CHM was to
increase their retail networks in a single system. The project was to upgrade
and raise Samir's capacity from 6.25m to 8.25m t/y by 2005, with high quality
gasoil/diesel to exceed 55% and that of fuel oil to fall below 15% (down from
33%) of production. Foster Wheeler made the FEED and was the PMC.
However, Samir's refinery was
badly damaged by floods and fire in late November 2002. MCE Voest of Austria
was contracted subsequently to assess the damage in 2003. As a result, the
$700m has since been delayed and the suspension of refinery operations has
caused Morocco to import products to meet its requirements. CHM holds a 67.33%
equity in Samir.
CHM's 1,500 service stations
throughout Morocco were also to be improved under a separate project. Having a
monopoly on the local refining industry in Morocco, CHM was aiming to meet all
the country's mogas and distillate requirements by 2010. CHM has been getting
is crude oil needs from Saudi Aramco, Iraq, Iran and the spot market.
CHM's LPG retail network in
Morocco has been expanded through a merger agreed in October 1998 with Tayssir
Primagaz, Azizgaz, and Elf Intergaz (Elf now is part of Total). The merged
entity has 85% of the LPG market and has invested in new plant and equipment
for gas bottling centres to meet the growth in local demand. Previously CHM had
10 LPG filling units accounting for 40% of the filling sector but only 5% of
the LPG market.
Corral's first move was on
March 16, 1994, when it acquired Stockholm-based OK Petroleum AB (OKP) for
$738m. In July 1994 OKP bought Sweden's 400 Texaco petrol stations,
representing a 7% share of the market. The total deal was worth around $1.2 bn.
Since mid-1996, OKP has been renamed Preem Petroleum. (Nimir had initially
wanted to buy OKP but decided against it. Then Al Amoudi hired Nimir as a PMC
prior to buying OKP. Nimir undertook the negotiation and acquisition of OKP, on
behalf of Corral. Later Nimir got a PMC contract from Preem). Preem is the
biggest refiner in Scandinavia with a capacity of 300,000 b/d, in two
refineries: the 200,000 b/d Scanraff plant, jointly owned with Norsk Hydro, and
the 100,000 b/d Preem refinery. A $200m upgrade at the latter refinery was
completed in 2002. Preem Petroleum has extensive storage facilities. Preem has
E&P concessions in three North Sea fields, in the Baltic and in Angola. In
January 1995 it bought Polish oil company Va-Po, which has a storage farm in
Poznan and 20 retail outlets. Now Corral owns some 500 retail outlets under the
Preem brand name. Corral also owns Svenska Petroleum and Exploration, which
produces 15,000-18,000 b/d of crude oil and has annual sales of around $160m.
In mid-1995 Corral teamed up
with Dubai-based Gulf Interstate to take a 15% share in oil retailer Fortuna of
Lebanon, at a cost of $50m. Corral's share has since been raised to 70% and
Gulf Interstate is out. Fortuna has two units: Coral Oil and Speed Oil
operating 150 retail outlets in Lebanon. Amoudi has bought from the Saudi firm
Al Mawarid Naft Services Co. which has the largest chain of petrol stations in
the kingdom. Its stations are concentrated around Jeddah, Riyadh and Al Khobar.
*****
Private Saudi oil refining and
distribution businesses are linked to the Saudi royal family in one way or
another. Their acquisitions abroad are seen as a backdoor way for Saudi oil and
refined products to penetrate overseas markets where Saudi Aramco has no
presence. Al Amoudi’s oil and gas business holdings in the Sweden, Morroco and
Lebanon could not be seen disconnected from this reality. It is not clear what
portion of his holdings represent his actual private ownership and what portion
belongs to others in the tangled webs of complex front and shell holding
companies. Other than Al Amoudi’s Corral Petroleum Holdings (CPH), the other
main Saudi private operators involved overseas include: i) Nimir Petroleum Co.
Ltd (NPC), owned by the Bin Mahfouz family of Jeddah; ii) the Delta Oil Co.,
based in Jeddah, part of Delta Investment Co. which groups about 50 prominent
Saudi businessmen; iii) the Dallah Al Barakah Group, a Jeddah-based Saudi
corporate giant controlled by Shaikh Saleh Al Kamel; and iv) the little known
Ningharco linked to the Arab Group International (AGI) based in Riyadh and
headed by Prince Sultan Ibn Saud Ibn Abdullah Al Saud.
*****
Svenska Petroleum Exploration AB is a private Swedish oil and gas company engaged in offshore
exploration and production of oil and gas in fields worldwide. Currently, it
has production activities in Angola, Côte d’Ivoire, Norway and the United
Kingdom. Svenska’s workforce has a large percentage of geoscience
professionals. The organisation is divided functionally into Exploration,
Development & Production and Business Support. Management is divided
between the operating offices. The company is a subsidiary of Petroswede, a
holding company established in 1996. Petroswede is wholly owned by Sheikh
Mohammed H. Al-Amoudi, one of the largest private investors in Sweden.
********************************
