Tag Archives: Africa corruption

Can Al-Amoudi Pay a Billion Dollar to Win Back His Freedom?

We’re talking about someone who owns 4.7% of Ethiopia’s economy, but …

At the end of the day, Sheik Mohammed Hussein Al-Amoudi shall be set free or has to bail himself out of the Saudi prison. Could his multi-billion dollar Ethiopia investments end up as collateral for his freedom? Bloody Egypt.

BY ABRAHA BELAY | ETHIOMEDIA

Saudi Arabia has released Prince Miteb bin Abdullah, the 65-year-old son of the late King Abdullah and former head of the elite National Guard, after he agreed to pay $1 billion to settle corruption allegations against him.

How about billionaire Mohammmad al-Amoudi? Is he able to pay $1 billion up front to secure his freedom? Continue reading Can Al-Amoudi Pay a Billion Dollar to Win Back His Freedom?

African Pop up Billionaires!

Once upon a time Slavery was legal and tax avoidance and exporting 50 billion dollars from “starving Africans” is legal today.

By Berhane Woldu,

Wealthiest and richest people in human history Queens and Kings and Pharaohs from centuries past Rockefellers, Vanderbilt and Nicholas II of Russia might have become rich through luck and time of opportunity.

Bill Joy the founder of Sun Microsystems and Bill Gates of Microsoft not only become billionaires through innovation; they were most critical players in the computer revolution and most influential persons in the modern history of computing. Continue reading African Pop up Billionaires!