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Sheikh Mohammed Al-Amoudi and the Ethiopian Reporter

April 15, 2009

By Gudu Kassa

I believe it is good to get information from various news sources than a single one. For the same reason, I often visit the Ethiopian Reporter website to see events from its perspective. The newspaper publishes lots of factual and sometimes bold information, but in the last couple of months the headline has been dominated by one issue. That is Ato Mohammed Al-Amoudi and Midroc Corporation.

To be frank, I see nothing wrong with a brave stand that the Reporter has taken to challenge the biggest corporation in Ethiopia.  So a point could go to the Reporter as far as the Reporter is taking the issue as public service than a personal crusade.

I admit, we all have learnt something about Midroc and I am also sure that Midroc too have benefited from the feedbacks and critics it is getting from the Reporter to work harder and improve its performance and public image.

In fact, in the developed world, companies send customers’ satisfaction surveys to get feedback from consumers, suppliers, public and other interested groups such as authorities, media and social groups.  The media in that respect provides a great service to corporate performance and brand image. At the same time, in this part of the world, I mean in the developed world, newspapers do understand the clear distinction between the company’s equity holders (owners), executives and the company.

While following the Midroc stories on the Reporter, I feel that the newspaper sometimes fails to understand the difference between the corporate, Midroc, and major equity holder (owners), Sheikh Al-Amoudi. It is this mix up that prompted me to write the following notes.

The Shareholders or Midroc, the legal entity?

From reading some of the articles on the Reporter, Al-Amoudi and Midroc Ethiopia appear to be used interchangeably either deliberately or due to lack of basic understanding of legal distinctions.

Business organisations are classified as sole proprietorships, partnerships, limited liability companies or corporations.  Companies registered as limited or corporations are legally defined, artificial being (a judicial person or legal entity), separate from its owner. In fact companies have many of the legal protection and powers that people have. It can enter into contract, acquire assets, incur obligations, sue or get sued in law of court.

Corporate as a legal entity was first born in the U.S. court in 1819 during litigation between Dartmouth collage and New Hampshire legislators. Since then, in the U.S, companies enjoy equal protection under the U.S Constitution that a person enjoys (US Supreme court decision on Dartmouth Collage v. Woodward, 1819).

Though the Reporter needs to be encouraged to have investigative and factual reporting, it also needs to update its journalistic standard by making an effort to read basic corporate legal and business distinctions.

First, Al-Amoudi is not a sole trader in Ethiopia. He is a shareholder of Midroc. That is why it is wrong to use Al-Amoudi and Midroc Corporation interchangeably. This is legally indefensible. One is not equal to the other.

To illustrate with example, the Ethiopian Reporter is a registered limited company (I guess) and I also believe that Ato Amare Aregawi is a major or the only shareholder of the company. When we talk about the good and bad of the Reporter, we should not be implying or need to stick the picture of Amare Aregawi rather than the Reporter logo, unless Amare Aregawi is an employee of the company who is directly responsible for the article or the decision taken.

The same principle should be applied to Midroc Ethiopia Group and Sheikh Al-Amoudi.
If the paper is referring to any malpractices of Midroc then there is no need to stick the picture of its major shareholder unless the newspaper has personal point to score.

Hence, lesson number one that the Reporter needs to learn is, companies are legal entities separate and distinct from their owners; a company is solely responsible for its own obligations. Consequently, the owners of a corporation are not liable for any obligations the corporation enters into. Similarly, the corporation is not liable for any personal obligations of its owner.

Second, though I have followed Midroc/ Al-Amoudi issues on the Ethiopian Reporter, the newspaper appears to be totally oblivion as to where the responsibility lies. The primary objective of companies is to maximize shareholders’ wealth. The rest in a company report is simply a rhetoric for public consumption.

It is understandable that Ethiopia has not yet got over the Marxism hangover. Particularly those revolutionaries who once were worshiping Marxism-Leninism like a Holy Bible and who wanted to become revolutionary martyrs will not find it easier to let go easily. Wealth creation is the bottom line and what drives companies is profit. That is why I say everything you see on corporate mission or social responsibilities are for public consumption. Because if Mr. nice public image is created, it sells goods to maximise shareholders wealth.

Third, we should not forget that the primary responsibility of the government is to set the rules to facilitate the setting up and smooth running of businesses, monitor and regulate companies’ legal, social and environmental obligations. Of course, we all know governments in the third world countries see themselves not as facilitators but wealth givers due to prevailing feudal upbringing and influence of the leftist ideology and it will take time to get over it.

But the bottom line is that companies get into legal contract with relevant authorities to set-up and run businesses. Once a legal contract has been established, it cannot be changed at the whim of the authorities. But government authorities have responsibility to monitor pre-agreed contracts.  If Midroc was handed assets and land without proper terms and conditions, then it was the fault of the authorities not the company.

Here is what the Ethiopian Reporter grossly misses; the fact that the responsibility rests on governmental bodies that are supposed to set the rules and regulations on how a business should be set-up and run in Ethiopia. Reporter’s excessive interest without addressing regulatory short-comings of various governmental agencies appears to me more of witch hunt against Midroc and particularly the owner than a public service.

I believe the public interest could be better served by addressing broader issues, like the terms and conditions that regulatory bodies often issue when they give business permits. How these authorities monitor progresses of projects deserve more attention than running a weekly commentary on the short-comings of a single company. I am not saying that it shouldn’t have been reported but when I see every issue of Reporter carrying the same topic, I find it very hard to accept that it is done with serving the public in mind.

Addressing these loopholes in the legal system and subsequent monitoring can help to close the door for malpractices not only on Midroc but to all companies. Do all big companies from political affiliated conglomerates like EFFORT to local small investors follow the law to the last dot? I do not know. Do they behave in different ways than Midroc? We do not know. From reading the Reporter, I see no comparison, no examples of best practices or reference to a legal or regulatory loopholes.

Inward investment is a new phenomenon. We are coming out of the last 40 years loony-left ideology where wealth and business men were considered as sinners. As a result, the business law and regulatory bodies in Ethiopia are not fully developed.  Hence,  newspapers like the Reporter could help the system grow up by focusing on the system rather than focusing on one company.

At the end of the day, if a company takes advantage of the system, then it is not the fault of the company but the fault of a body or the government that created the system. That is where the blame should rest. In that respect, Reporter is in total denial of the reality or getting personal with one person and one company.

As far as I can see it, Midroc is a company that can only survive by making profit or hope to make profit in the future.  So it is within its right to speculate and position itself as long as the system allows it to do.

The name for companies that do not want to make profit is, “Not for Profit Organisations” (NPOs) or commonly registered as charities. Addis Ababa is full of NGOs (NPOs) and if we mistake investors as charities, then we are going to make life tougher for ourselves.

As far as I have read, I have not read on the reporter showing Midroc breaking the law of the land. As I can see it, the criticism against Midroc is that it hasn’t invested enough that it allegedly promised.  In business world not all promises are honoured or need to be honoured for that matter. In a real business world, business environment changes, market changes, cash flow changes, priority changes, technology changes or risk and rewards ratio changes.  So companies had to change their plan or drop it all together.  It is the responsibility of regulatory bodies to pick this unrealised project and pass it to others who can make it happen.

It is naïve to expect companies to invest regardless of changing circumstances. It is also perfectly legal to speculate and position oneself to capture emerging business opportunities. Again it is the responsibility of the authorities to set-up a tighter investment pre-conditions and follow-up projects to make sure that promised development plans are realised and jobs and opportunities are created. Hence, it would be better for the reporter to focus on basic investment loopholes to help close these holes than dedicate every week front pages to Sheikh Mohammed Al-Amoudi pictures.

The fourth confusion I see in the Ethiopian Reporter reports is that mixing up of company liquidity with that of the shareholder’s wealth. I didn’t expect the Reporter to miss this basic business concept. The wealth of Al-Amoudi doesn’t mean liquidity of Midroc Ethiopia. To demonstrate with example, Reporter Ltd is a legal entity with its own assets, liabilities and owner’s equity. But the wealth of Amare Aregawi does not equal to Enterprise value of the Ethiopian Reporter Ltd. Ato Amare may have a car, a house, cash at a bank, a goat in backyard, chickens in a shade or expensive painting on his living room that has nothing to do with the Reporter Ltd. It doesn’t also mean Ato Amare has to pay wages for his company employees using from his personal savings.  Of course, he must have put equity when he started the business but that doesn’t make him liable or has to continuously fund the company.

A shareholder net wealth does not mean the wealth of the company.  The owner could have excess wealth while the company struggle under high Debt to Equity Ratio.  Why companies chose to fund their growth through debt is a complex business school theory that cannot be explained in this article. Leverage is a cheep way of funding projects; it provides liquidity, maximise profit and reduces tax. The danger is when a company face cash flow problem shareholders could lose everything to creditors. By failing to put these basic concepts into perspective, I think the Reporter is misleading or unnecessarily confusing the public.

Personal remarks

To be honest, I like the guy called Mohammed Al-Amoudi. I do not know him in person or I haven’t even seen him at a distance. I have no personal and business interest with him. I am an Ethiopian who feel proud when I see another successful Ethiopian.

What we miss is one cannot be a billionaire by being stupid. One has to be hard working, smart, and very calculative to balance the risks against the rewards before making decisions. To be among the top 100 wealthiest persons out of the 6 billion people on planet earth implies some innate talent and business instinct.  As Haile Gebreselase is a talented athlete, I think Ato Al-Amoudi is also a talented businessman who deserves some respect.

I also see his good intention but I do not also see him perfect or a miracle maker because he is rich. Speaking in statistical terms, I know he must have done more right decisions than wrong decisions to reach the position where he is now but that doesn’t mean all his business decisions are right.

What I am not happy about is we should not undermine the net effect of his investment in terms of job creation, promoting the image of Ethiopia and spending his time with his poor countrymen in the local grocery. He can spend his time playing golf with rich or rolling down on Persian carpet in the Middle-East. Instead he chose to go back to his humble root to share his life. To me he is more humble than most of my countrymen I know who rush to build six foot wall around and an iron gate to keep poor relatives and childhood friends at the gate.

His recent interview with a radio station also shows his values, sense of humour, Abesha sense of irony, fun and down to earth personality.http://www.ethiofact.com/index.php?/News/20090325406/news/al-amoudi.htmlSo let’s give him the due credit he deserves.  Midroc Ethiopia is the biggest employer in the country giving opportunities to thousands. http://www.midroc-ethiotechgroup.com/ . That is a fact.

We should not forget that the guy is rich enough to spend the rest of his life at the golf course but he is still driven to do more, to invest more, create more jobs, develop the country and make profits. I do not know why we are expecting more out of him. Of course, he is not beyond criticism and we are free to do so. Criticism could be a feedback that is beneficial to the company, to the individual and to all stakeholders. There is always a better idea or a better way of doing things, but we should do our criticism not with malice but with degree of humility.

Peace!!

Gudu Kassa
gudu.kassa@rocketmail.com

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90 comments on “Sheikh Mohammed Al-Amoudi and the Ethiopian Reporter

  1. It is simply an excellent article. I do not know what Ato Aregawi really wants. His behaviour is just like the saying: ‘ande ayn binorat bezenezena’. We value very highly what Sheik Al Amoudi has done and is doing for Ethiopia. Reporter could serve us better if it tries to highlight government shortcomings to attract more investments in to our economy.

  2. While we all did not like al amoudi during the 2005 election, we can not ignore the good he has done in EThiopia. I believe all this posturing by Reporter is because he is looking for something from Al Amoudi or was told to put pressure on him.
    The charges against Al Amoudi are bogus.
    Nice Article Gudu

  3. Very fair and mature article. However, I don’t believe that Amare was that much stupid not to understand what you wrote. He has a hidden axe to grind. I smell money.

    Time will tell

  4. If Ato Amare Aregawi is serious about fighting corruption, i challenge him to investigate the illegal business dealings of the TPLF business empire. Then, we all will take our hats off for him as it would show that he is not after one prson

  5. Okey, i do not hate Ato Al Amoudi. He is a great man and doing great things for my country. Thus, i have great respect to him

    But, how i wish he supports the Opposition than the TPLF. I know it is his right to support any party including TPLF so long as he is not a party to any Human Rights infringment.

    By the way, can’t we make him support the Opposition as TPLF did make him their supporter? What shall we do to get him change his allegiance?

  6. What is it man! Is it a PR excersie for Al Amoudi? How much is paid to the writer for this PR job? Shame on the writer!

    As far as ai am concerned, TPLF is AL Amoudi and AL Amoudi is TPLF. Full stop.

  7. Hagere,

    You wrote ‘as far you are concerned he is TPLF’. So what? Is a TPLF supporters have no right to set-up and run a business?

    Don’t jump on conclusion before understanding what the article is about. We are talking about business and the role of media, not politics. For that matter Amare was a TPLF official, but that is not the issue. His political choice is his right.

    Was reporter right to criticise Midroc? Yes. Is reporter right to get fixated with Midroc and fail to address contributing factors, such as regulatory bodies? No. For me he went too far giving an impression of vindictiveness than a public service that would damage the credibility of the paper. What I wrote above is not PR for Al-Amoudi or condemnation of the reporter. It is a balanced view the way I see it. If anyone has alternative view then they are free to publish it.

  8. When I read some of the point you mentioned specially the one which can not be explained; needs further so so —. It reminds me of my younger school age. One teacher use to say Ethiopian students are tape recorders they never have their own mind once you give them an example they stay with it never improve it or bring other, of their own. That is what you look like you are only trying to tell us what you are feed. Though I don’t ignore the ambitious PR position you are looking. My friend capitalism has failed too, as you are trying to demean followers of socialistic ideas. af yallew yeff yekolal honkbegn. my friend unless you try to relate your education to the cultural, traditional all in all ways of living your people live, it will always be a failure. That is why the so called rich world imposes so many criteria on others. If you get what I meant to say.

    have a good day

  9. i think AMERE has a point by challenging al-moudi about his investment plans specially sits/land kept ideally for the past 10 or more years.

    In my personal opinion ALAMOUDIN is trying to put way much in his mouth than he actually can chew.

  10. Good point. I don’t think smear cmpaign is allowed in Ethiopia. But there is a probability thate Ato Amare is taking advantatage of his close ties to some of the officials and also the fact that he was a long time gurella fighter of TPLF might have earned him sympathy hence untouchable.

  11. It is obvious that the reporter is picking on the good Alamudine for he mentions him weekly or sometimes twice weekly. That to me is obsessionality. But compared to the smear campaigne waged aginst Lidetu before and after election, the Ethiopian Reporter is more civilized. That actually shows even those members of the free press who have no connection to the rulling party were engaged in staining others.

  12. I don’t think if most of us know Amare and/or Reporter very well. Amare has never portrayed the characteristics of investigative journalists. His stories are usually based on ‘alubalta’ and with a motive. I remember when Amare reported about government projects in which I was professionally involved. In those reports, Amare used to mislead its readers by misstating who the project sponsors were, the names of individuals in the evaluation committees, the project cost (outlay) etc. Amare usually doesn’t go inside to dig for info. He solicits information from guards at the doors of public offices. In one of its editions, I was named as chair of the project evaluation committee while the actual chair was a person with a state-minster portfolio.
    In another report, Amare exchanged my middle name with my coworker while applauding our performance. In another edition, Amare reported that I was making 20K per month while I was making only 6K.
    To conclude, reporter remains the only source of information from within Ethiopia though we should not believe in all what reports.
    Kebede

  13. from some of the comments written i can observe the truth of the gosip which Mr. Lidetu is trying to denay. i mean the discussion he have with the man. read adem will be the hint

  14. We are discussing about Al-mudin & the reporter (Amare). I do not understand why you are bringing the putrid Lidetu here.
    Kebede

  15. However, you try to cover it, Al Moudin is a shareholder if Tigrayans attempt to colonize the other nations in Ethiopia.

    His investment is sure helping Tigray and the ruling party at the expense of others. Whatever he is doing I am against this tyrant supporter. Though Amare himself is among the ruling family, I applaud his criticism regardless of his motive

    Sol

  16. What Gudu Kassa has done is to underline the obvious by being courageous enough to tell nothing but the reality. The current furore over Sheik Al Moudi stems from the smear campaign that the avatars of hate politics especially from amongs the Ethiopian Diaspora have been ventilating amongst us. According to them Al Moudi does not have the right to side with the party of his choice. It is this sort of attitude which is the bane of democracy anywhere in the world.

    As far as the Reporter’s reportage is concerned, however, I view it from a slightly different perspective. As a journalist, Ato Amare Aregawi is, of course,absolutely right to regard both Sheik Mohamed (because of his celebrity status) and Midrok Ethiopia (because of its no.1 corporate status)as issues of public interests. Gudu Kassa is also right to point out the legal pitfalls a convergence of Al Moudi, the person, with Midrok, the corporation,would entail.

    It is public knowledge that Ato Amare once enjoyed all the fringe benefits offered to those within the Sheik’s friendship orbital.Nothing worng in that so far, but where it clashes with journalistic ethics is this. Ato Amare is owner/editor of The Repoter and as such must not been seen to indulge in “Kiss-and-tell-stories.” The overegging of the Al Moudi issue by The Repoter has all the hallmarks of a kiss-and-tell-story.

  17. sol, don’t forget Tigray is one province of Ethiopia. Beside that Gash Alamoudin concentrate in almost every area of the country. So your statement makes no sense. Melkam Fasika!

  18. We all Ethiopian Should appriciate what Alamoudin did for that country regardless of his support or affiliation with the ruling party. Ato Amare Get a Life!

  19. Well done Gudu Kassa!!!
    And thank you Ben for being a voice of all kinds of thinking, including the opposition whose voice is shut by the government.
    God bless Mohammed Al-Amoudi, even though I don’t like his affiliation with the tyrant Meles Zenawi, I admire him for helping the poor country of mine. It is a fact that the gigantic chunk of Ethiopian private investment comes from Al-Amoudi. Hence, we Ethiopians should be proud of him and thankful to his contribution to job creation and development of Ethiopia. I don’t think without Al-Amoudi’s investments Meles could have said there is much change in private investment compared to the previous regimes. After 19 years of EPRDF regime, Ethiopians still can’t feed themselves 2 times a day. 18 years ago Meles told us that Ethiopians will be able to eat 3 times a day within 10 years. However, 19 years later 11 million Ethiopians are still looking for food aid.
    Al-Amoudi, on his interview with Sheger radio, mentioned that his next focus is going to be on agriculture. I am hoping that he will be successful and we will see Ethiopians eating 3 meals a day in our life time. I believe that this man will do his best to make sure the agriculture sector flourishes and Ethiopians are fed 3 meals a day.
    I wish Al-Amoudi would run for office in 2010. Michael Bloomberg, the mayor of New-York city is also a self accomplished billionaire who entered to the public sector to give back to his society. The same would be true for our Billionaire.
    Let me come back to reporter’s involvement in criticizing Al-Amoudi, it seems unjust to me. As much as I loved reading reporter for years, I am tired of it these days. “Egi-Egi Alegn” marim sibeza yimeral inkuan neger yilal yagere sew. Amare is saying “Aynachihun chefinuna lamognachuh”
    If Amare was really concerned about Ethiopian rule of law and investment, he could have talked about the illegal businesses owned by the various branches of EPRDF (now headed by Meles’s wife Azeb Gola). Amare is well aware (more than anybody) of how these businesses operate. EFFORT manages billions of dollars in capital. These businesses have never been audited and never reported their financial results to the public and they get what they want from the government owned commercial bank of Ethiopia and other government services. Small businesses were crippled because they entered areas that are owned by EFFORT and others. But Amare doesn’t have the courage to criticize these establishments. Amare perfectly knows where he can end up by criticizing them because they are owned by people who are armed and they can do whatever they want. He perfectly understands that they can put him behind bars for life, like they did to Biritukan Mideksa. But why is Amare after the Sheikh? It seems suspicious.
    Al-Amoudi is not exploiting Ethiopia. He is bringing his profits from everywhere else and investing in this country. He is helping thousands of people not only by creating jobs but also charity work. I don’t think we can expect more from Al-Amoudi. Rather, we should follow in his feet and contribute to our country, in whatever way we can. “Yalewn yesete nifoug aybalim newna”.

  20. You said it well Gudu when it comes to the diference between Alamoudin the person ,and Medrock the corporation Alamoudin is the celebrity, the rich man, the charity guy…etc in the minds of all Ethiopians including Amare Aregawi. There is a difference between Bill Gate and Microsoft inc. Hope Reporter will get this message and refrain from mentioning the name of Alamoudin and deal with the company if there is anything for public consumption. In this part of the world where i reside Reporter could have paid dearly for defamation had those articles were written on the person Bill Gate to get Microsoft. Midrock is not a charity group,if it cost me less to leave my property fenced than investing a coin on it, yes i will do it. Its upto the regulatory body to deal with that if it has any alternative to do so.

  21. I have read it some where that most rich persons are stupid in that they have no knowledge of other things except profit. Look at the shiek’s doings during the 2005 election. He openly came out in support of the ruling party. He did not have to do that if he is infact billionare, but he did it! Why did he do that for? love of party? ignorance of public attitiude?
    but he did it. I bet he regret it now.

  22. abebebch I will be surprised if hre regrates it. Whether he sopports Meles, Beyene or Hailu shawel it is non of our business.

  23. Abebech,

    I don’t think you have any idea of what democracy is all about. just as much as you have a right to chose whom to support, Alhamudin also has the right to chose whom to support. No ethiopian is more ethiopian or less ethiopian than the other my dear. I can’t believe any one with the right mind would argue against one’s right to chose. In fact, you should admire his courage to go out and vote.

  24. viva gudu kasa your comment was very nice i wish amare learns some thing from this .alamudin is sent from god to save our country but we can not to appreciate what we have because of that we are still at the some please we were 30 years ego

  25. What a great Article. I really appreciate the article in terms of its educational content. It is not b/c Amare or the reporter writers do not know about these facts but since there is a possibility that their repeated articles could mislead many people, your article may reduce that damage.

    Concerning the issue, it is right that Alamudin has been close to the ruling party. But for me he is much better than some of the position leaders. He has a right to support whoever he believes personally shares his ideas. We can’t disregard his contribution to our country and talk about baseless news.

    Nice articles and keep it up.

  26. I think it’s healthy to the writer to question why Reporter publish Alamoudin/Midroc’s failures of some of his/its invesment on its series of publications, whether it’s for personal crusade or for public interest as the question is closely related with the credibility of the news paper. I still think that the public has the right to know the truth and medias have obligation to impart informations so long as the stories are facts and supported by evidence and therefore stories published on mass communications needs to be diagnsed on the merit of their factual nature regardless of personalities, legal or natural. I wish the writer inquires more whether those published facts are fabricated or real.But what I think is that the writer is convinced or doesnot care about those stated facts but the personalities affected in the process . The legal fiction narrated in the article to separate the owner with the company is true in the legal sense but the facts echoes more than the legal technicalites which is used to support the ego of the writer which later is confessed by the writer as an admirer of the individual. There is nothing wrong to credit the person for his contribution unless it impairs the professional judgment in evaluating the story.I believe the reporter could have done better job had it considered certain ponts that the writer has commented like to focus on the weak system of the government that neglects or favours certain investors, as balanced views are required from professional journalist and its papers but I still don’t see any wrong in reporting the facts no matter how big or small the person behind the story is. I value the investment made by the person or the Company mentioned by the writer likewise it is hard for me to devalue the medias contribution in the creation of enlightend society,as reporter is doing.

  27. We all Ethiopian Should appriciate what SH.Alamoudin did for that country .He is a great father for all .I want put my strong message for all ethiopians.all of us we should ask ourselves what we did for our country always we are blaming the gov.haile,mengestu ,weyane we are the same in the past also.did we remind & pray for your country. Please altleast letus tolk nice words,wish good for our country if we dont have money like Sh.Al Amoudi.wish good.God bless ethiopia.

  28. I strongly support the idea of Redi.we ethiopians most of us have “lips but not mind”. most of us needs to speak alot but to work a little,though it was better speak little do more/work moore/think more.i am too sory for the persons that blamed sheika Al Almoud as well as Amare AREGAWI.THE ONE IS INVESTER BY PROFESSION THE OTHER ALSO IS TOO.FOR A COUNTRY TO HAVE A RIGHT AND GOOD INVESTMENT THERE MUST BE A GOOD MEDIA AS WELL AS PUBLICATION.BECAUSE MEDIA IN GENERAL PRESS IN SPECIFIC IS THE MIRROR FOR THE DEVELOPMENT OF A COUNTRY.SO AMARE’S BLEM FOR MIDROC BY MY SIDE IS GOOD. WHY? THE REPORTER SAYS THERE IS AN IDLE LAND, THERE IS SOMETHING SHORTCOMING SO THIS COME CONSIDER MIDROC FOR REPORTER AS ADVISOR.I PRAY ETHIOPIA TO HAVE HUNDRED’S INVESTORS LIKE SH.AL.ALMOUD.I ADD ONE THING EVERY PERSON HAVE ITS OWN POLITICAL IDIOLOGY/PERCEPTION.BUT THE QUESTION IS WHAT IS DOING THAT PERSON FOR THAT COUNTRY? I REMBER SH.AL.ALMOUD RESPONCE WHEN INTERVIEWED BY SHEGER F.M/F.M 98 “I INVEST IN MY MOTHER LAN/ETHIOPIA BY HEART BUT IN OTHER COUNTRY/OUTSIDE ETHIOPIA BY MIND-THROUGH CALCULATION THE PROFIT AND LOSS HE RETAINED”. ALL IN ALL,SH.A.ALMOUD IS WISE AND WISE MAN, ABIG MAN FOR ETHIOPIA. GOD BLESS ETHIOPIA!!! THANKS

  29. Fantastic article, Ethiopia needs posetive minded individuals who see the glass half full and not half empty.
    Gudu Kassa, I completely agree with you. Dr Alamoudi has taken Ethiopian business operation to a higher standard. His achievement has inspired hundreds of ethiopians, he is a role model to would be ethiopian businessmen and women.

    He has created jobs and is helping flow of Investment from the middle east. Can we imagine what Ethiopia would look like if we had ten Alamoudis ??? I bet you poverty would have been halved, unfortunately we have people who enjoy the talk than walking the walk. Alamoudi is just a great man. Lets always be posetive, lets think of ourselves for a minute-lets think of all the mistakes we make in our day to day life. None of us are perfect, when one finger points on some one the other finger points back at us, lets not rush to blame others.
    Gudu Kassa thanks
    very good article, am sure the Reporter will learn from that article.

  30. I totally agree with the above article on the issue.There is something that I don’t get it.Why are as an Ethiopian including myself so critical in every isuue be it politics,be it economy or investment …etc.We do lack a sense of appreciation.When it comes to Al Amoudi, no body in ethiopia did what he did.He created a job opportunity for over 15000 people and about 70000 house hold members are beneficiary of his investment.Are we jealous that he is #43 in forbes list.I don’t know him personally but he is a great man who needs to be appreciated.Leave him alone.Let’s get out of this backward feudalistic way of seeing things.shame on Reporter for bringing this issue personally against the major stake holder.Are we becoming tools to our enemies. Bravo Al Amoudi!

  31. Alahmudi is the Perfect Business men in africa or world wide and he is very succefull, i really admire and appriciate what he is doing and how he is playing the role,in every nations,
    don’t hate him if you are realy ethiopian just because he is investing in Ethiopia even he is cool with the governement,he knows what is good for him to multiply his money,he is really B.men,people behind bars all over the the they clame them selves as Ethiopian X derg,solgers,tryn to make the government look bad by his own people, you guys are jelouse because Meles did some thing that you can belive from some one you think, they nothig, you forget that students can be smater than the teacher at the end that is what the TPLF do, THEY WILL NEVER DIE BUT MULTIPLY. CHAW

  32. Look. this disfunct local newspaper once annoyed the ethiopian people when it swings from TPLF to an individual’s personal consumption to attach his desert ex-friends and from this individual to TPLF. THis news paper is just nonesense. Now he, using his individual power that he has in the news paper,is trying to collude this true ethiopian with the people.

    Shame on you Amare for u dont have any stand on the ethiopian problems, once causing problems by lying in front of clear facts unfolding and cheating people including your sesert ex friends……. shame on you

    Yimane

  33. sometimes good to be fair folks,sheh al amudin is a very wealthy busness man as every body knows.its his desire and willingness to spend and distribute his billions.as for ato amare aregawi,you should blame the authorities who install rules and regulations of the business companies,not personalities or company owners.my advice to some people is ,we could possibly support whoever is doing agood job to our beloved country ethiopia,regardless,religion,ethnicity,minority e.t.c god bless ethiopia

  34. Stop smearing Lietu. You have fabricated morethan enough and for the last 5 years while he was doing his best for all losers
    He is smart ,capable and ditermined for his goal.God bless Lidetu Ayalew

  35. Sheikh Mohammed Al Amoudi is the World’s No. 86 richest person. This is not a simple achievement. I would like him to support my research work on “Effects of Technological Progress and Productivity on Economic Growth in Uganda”. I am sure he can support me, please let him know about my need to acquire research funding for my PhD research in Economics at Makerere University because I am a self sponsored student. In case you are able to send my research proposal and application to him, please let me know. I am happy that he is a rich Black man. It gives courage to other Black people to strive to become rich like him. Jimmy Alani: jimmyalani.christ1@yahoo.com

  36. I have gone thoroughly through G.K. piece. I think he did a good job and balanced opinion of his. He did also a service to sort out the wheat from the shaff and identify where the confusion is. The malice behind repeated witch hunt is also brought to the surface for public scrutiny. I would like to thank G.K. for his good job to the public service

  37. Dear Ethiopians,
    I feel it is because of your desire to see a country which is well flourished and developed that you are giving your time just to comment on isses that every body thinks concerned him.
    being human, this is quite positive and sth to be encouraged. The problem is some of us fail to be genuine enough to give balanced and unsided opinion about facts in ground.

  38. I recall a single quote so I like different ideas b/c we can come to golden and applicable conclusion.we are human being our nature is dynamic,if we are in position to think positively subordinating our private issues by our mutual objectives we shall achieve common goal but, what is bad is standing(sticking) to damage some one’s good reputation delibrately.

  39. Ah what an mpressive comment, No question about that Gudu have expletely gone through the pros and cons of the reporter critiques on Sheik Mohammed husien AL amoudii.
    Proudly Ethiopian, Keep up Gudu

  40. Brilliant article Gudu Kasa! Loved the criticism. I also sometimes felt like there was a personal vendetta against the sheik in some of the articles.
    Although I have to disagree with you on some accords.
    1. ”If Midroc was handed assets and land without proper terms and conditions, then it was the fault of the authorities not the company.” Both parties are responsible for authorising illegal actions. A briber and bribee are both wrong before the law!
    2. I don’t think Amare missed this concept nor is he ignorant. In fact, as much as I admire the efforts of the Sheik I appreciate what Amare is doing to create an impartial press. I’m not saying he is perfect or that he has succeeded in doing this, but at least it is a good start. It is not like we have any other press doing nearly as good as The Reporter in Ethiopia!
    3. Is Amare the author of those articles? Some of the comments above were attacking Amare but not the author. Not fair! Who cares about the political affiliation of the guy? All we need is fair and impartial news!
    4. You don’t sound happy that the articles are not criticizing the authorities. Don’t we have enough papers doing that? And don’t we all know of their ”happy” ending? I’m glad that The Reporter is keeping a low profile on this aspect, or otherwise they would have been shut down long time ago! I’m not saying they should take sides with the authorities, because then they won’t be reliable anymore, but to play smart!!!
    Adius!

  41. It is good perspective keep it up. The other thing I read almost more than half of the comment, but what I notice that still we have a lot of problem to looking in different angle. One thing we should have to know is there isn’t any change without any sacrifice. So let us stand together by giving up supportive idea. I personally, I didn’t appreciate Amare or Almoudii but from the circumstance of our country it is not bad but I expect more. Any way if we give them or supportive idea one day gradually may be in our age will see the change. Until that let us ask our self before we criticize someone, does we do something to our country or just talking from outside. Let us love, work, think positive and do something to our mother land

  42. Despite the hidden conspiracy thing, this shows that journalists have a lot to learn in achieving professionalism.

  43. Al Mudin one of Ethiopian beast son he do so many things that he have to change(help) has very poor people Mo hammed he have good humanity to especial has Ethiopian people if like mohammed to think every people Ethiopia i am sure to change

  44. I don’t know why. We ethiopians wants only criticism we are not active in creating wealth and doing for public. Let me ask you one thing what we contribute for our country based on our ability. In fact I agree that there are nice people here and there. Offcourse I agree that no body is perfect including al amoudi and others. But why the reporter always wants to criticize the Al amoudi. It is out of ethics and immoral. I agree that he can criticize based on the fact al amoudi and other person or organization. But if he writes always about a single individual it is unfair and shame really. From my knowledge al amoudi is one of the best man in my life b/c he creates wealth outside Ethiopia but he invest so many thing in Ethiopia this means he creates job for thousands it is really great. Not only him any one who creates wealth and make available jobs for others he/she is great. Regarding the 2007 election what is wrong with him for me and for anybody who advocates democracy and tolerance any one has the right to support any party on his willing. Who said that kinijit supporters are Ethiopian and EPRDF supporters are against Ethiopian. Who give this right it is really TEBABENET NEWE any one has the right to support the EPRDF or the opposition party. We should change our attitude the afar, somali, gambilla, amhara, oromo, gamo, tigray, silti, guraghe, argoba, sidama………. All are Ethiopians with equal citizenship right please let me broad our mind and let me think wisely. thanks for gudu and for all who are thinking wisely.

    selamat

  45. [b]Though I don’t like the sheik’s involvement in Ethiopian politics,for his own sake,I adore what he have done for the country.[/b]

  46. I see all parson message believe or not every Ethiopian people is we nos proves life time of Menelk,Tahetu &Haleselase and Mangestu know and TPLF. SH MO AL MUDIN ONE OF ETHIOPAN GOOD & REL SON. NO BODY TO MAKE LIKE AL MUDIN HE MAKE. THIS IS REALTY. EVERY BODY WE HAVE SAY AS HE LIKE, ETHIOPIA LIFE IS NOT CHANGE. BECAUSE SAME PERSON INTERN-ALE NOT THINKING GOOD THIS IS THE PROBLEM OF HUMAN BEING SH MOHAMMED ONE OF COSHES RICH MAN. IF LIKE AL MUDIN ONE OR TWO PERSON LIVE IN LIFE ALL ETHIOPIA PEOPLE LIFE IS CHANG.

  47. Thank you Ato Gudu Kassa, whatever you are the article is right. I am not sure what is the hidden agenda of Amare Aregawi, if we classify between himself and the Reporter. He always point his pen on him. If Reporter is ours we want to get the real information than his interest. We want the man (Sheik) for his investment and development and humanitarian support. We should not deny that. We need to appreciate that than —.
    If there is real problem he can write about the problem and advise for its corrective measures. The Reporter needs to go for a wider scope than MIDROC or THE SHEIK, because there are a lot of problems. Some times the journalists in The Reporter asks perdiems (like the government reporters) to go to meetings. This may be the crack with the Sheik.
    Another point isevery body has the right to support any party. The Sheik also has the right to support. The problem may rise when he forced his employees to support into his side. Otherwise he has the right to support with his money and his life. That is all. It is what happens in the world. Why we want to different situation in Ethiopia. Do not you know about the situation of the Health Bill in the United States. Even if the Senators believe in the Health Bill they go against because they do not want to loose their job from their electors (majority). This is the reality. Not the reality or humanity but the business.
    AHIYAWN FERTO DAWLAWN BANAREGEW.
    SELAM LEHULACHIN INA LEHAGERACHIN YIHUM
    AMEN

  48. In my life, i never had seen an investor like AL-AMOOUDI- MIDROC!!! in Ethiopia.
    May ALMIGHTY GOD Bless always Alamoudi and MODROC.
    Also may GOD forgive him all the wrong he has done!!!!
    No one is perfect on thise Earth. we some Ethiopians in general have a problem of being FLEXIBLE and forgiveness!!!
    If we see some one an opposition, we allways tend to condem him alltimes to death!. Let as change our perception and atitude of shallow approach to things arround us.

  49. Tell you what, i don’t know if Al-Amoudi paid you to write this artcile or not, AND I DON NOT CARE, you told it as it is, nothin else. The article is perfect. I give my hands up to the writer!
    We Ethiopians in general, are not happy when people are getting better than us everyday,when i mean people, i am saying our fellow countryman.
    We worry about the 200birr thats in somebody else’s pocket instead of making the 10birr in our pocket a 100 birr.
    Listen to all, don’t fool yourself, work for your own satisfaction and wealth today instead of talking about others.
    I am not saying information about other is bad, but to the limit.
    BUSINESS IS BUSINESS, WHILE INVESTMENT in A POOR COUNTRY WITH A LESS RATE OF RETURN ON INVESTMENT COMPARED TO OTHERS COMES FROM THE HEART.
    Do your business legally or illegally, atleast you are working instead of all those people sitting at cafe’s, yapping there mouth all day long.
    Don’t forget BUSINES IS BUSINESS, FUN IS FUN. JUST LIVE YOUR LIFE INSTEAD OF OTHERS. Make your living for a purpose useful to you and your family

  50. i like him very much.he is real ethiopian.do you know how much people lives under him ? i pray for God to live long life this real man. by the way i do not have any contact with him or any my relative.

    long live alamudi

  51. the one by the neme sole not coment in a smart way.you try to confuse others that Alamoudi & Tigrians r the same&tigrians r colonizing other ethiopian nations.look ur falacies here aftyer. do u thinc that tigrians r not ethiopians to colonaize ethiopia?do u think the political party TPLF &THE PEOPLE of tikray r one &thesame? if yes what about emperor haileselasie &people of AMARA?IF TIGRIANS r colonizing ethiopia can we say AMARA was colonizing other nations of ethiopia during the feudal regime?sole ur opinionis explaining who u r &it is full of biase& hatred over tigrians not over alamoudi. sole try to answer the mentiond quastions.byby!

  52. mediroc and effort are more important to ethiopia than the so called roporter news paper.

  53. I have read all the above articles intensely and feel sorry ! sorry ! with tears for some comment s.There is always Deficiency (blemish) or shortcoming
    from our side specially those some nonsenses people so called themselves ‘Ethiopians” with such distractive opnions – really you have to feel shame on Sheikh Mohammed Hussein Ali AlAmoudi critic in every issue be it political leader or Economist or any rather than to thanks and make a pray for him in all our life.
    Again and again let us ask ourselves – what we are doing for our country?
    Except some people NOTHING!!! Do you Imagine – The rich country like Saudi Arabia he is the 2nd richest man in Saudi Arabia forbes 2010 report – visit the website (http://www.arabianbusiness.com/saudi-rich-list/list) more than all Royal families of Saudi Arabia Except one who is the 1st HRH Prince Wolid bin Telal – I will tell you what I know (The Olayan Family(the 6th Richest Women in Saudi Arabia is the owner)- 50 big companies more than ½ million workers only in Saudi Arabia – Now you can imagine who is Sheikh Al Amoudi – By the way Arabic translation of his family name Al-Amoudi (Base- meseret ) it is correct base for Ethiopian development.

    He created a job opportunity for over 30000 people and about 100000 even more (Ethiopians only)house hold members , how many students sponsored for Higher Education, sick people and other humanitarian act even UNDP and other Humanitarian Organization are not doing so. No body in Ethiopia did what he did !! & Our people are beneficiary of his investment. Once Dr. Belay Abegaz (respected children’s heart specialist )says “ God send man to Ethiopia 100% correct !!!! this is less to him !!!
    In my sight he is ( THE SECOND THEODROS TO ETHIOPIA )-he is our Hero !!! & his name should be written in Golden for the next Generation !! he is a bright hope for Mother Ethiopia and example for all of us in Diaspora and Local.
    By the way I am living in Saudi Arabia and responsible of 10 family members in my country – I swere in Allah (Wellahi Wallahi Wallahi )I have no any relation with him or his family member 1 day I am not looking him even.
    I am writing all with tears – I swear in the name of God the Almighty (Allah- the creature of the Universe – I swear in all my families !!! realy let Allah kill me before him – (I am young 25 years difference with him) I don’t want to listen any evil even headache about him !! every one according to his belief pls make him Duaa’ (supplication) to give him health and what he wish !! he has a big dream for our poor country !!! I love and respecting you from the top of my heart – let Allah give him every thing in the world and hereafter !!! How we are lucky to have such a man !!! in 21 century !
    For politician who so ever you are pls. give freedom to such great and great man to choose what ever party as every Ethiopian !!!!!!! Read what is Democracy !!!! Don’t interfere in his personal attiture Long live Ethiopia & Dr. Sheikh Mohd Ali Al Amoudi
    (ahmedali304@yahoo.com)

  54. I have read all the above articles intensely and feel sorry ! sorry ! with tears for some comment s.There is always Deficiency (blemish) or shortcoming
    from our side specially those some nonsenses people so called themselves ‘Ethiopians” with such distractive opnions – really you have to feel shame on Sheikh Mohammed Hussein Ali AlAmoudi critic in every issue be it political leader or Economist or any rather than to thanks and make a pray for him in all our life.
    Again and again let us ask ourselves – what we are doing for our country?
    Except some people NOTHING!!! Do you Imagine – The rich country like Saudi Arabia he is the 2nd richest man in Saudi Arabia forbes 2010 report – visit the website (http://www.arabianbusiness.com/saudi-rich-list/list) more than all Royal families of Saudi Arabia Except one who is the 1st HRH Prince Wolid bin Telal – I will tell you what I know (The Olayan Family(the 6th Richest Women in Saudi Arabia is the owner)- 50 big companies more than ½ million workers only in Saudi Arabia – Now you can imagine who is Sheikh Al Amoudi – By the way Arabic translation of his family name Al-Amoudi (Base- meseret ) it is correct base for Ethiopian development.

    He created a job opportunity for over 30000 people and about 100000 even more (Ethiopians only)house hold members , how many students sponsored for Higher Education, sick people and other humanitarian act even UNDP and other Humanitarian Organization are not doing so. No body in Ethiopia did what he did !! & Our people are beneficiary of his investment. Once Dr. Belay Abegaz (respected children’s heart specialist )says “ God send man to Ethiopia 100% correct !!!! this is less to him !!!
    In my sight he is ( THE SECOND THEODROS TO ETHIOPIA )-he is our Hero !!! & his name should be written in Golden for the next Generation !! he is a bright hope for Mother Ethiopia and example for all of us in Diaspora and Local.
    By the way I am living in Saudi Arabia and responsible of 10 family members in my country – I swere in Allah (Wellahi Wallahi Wallahi )I have no any relation with him or his family member 1 day I am not looking him even.
    I am writing all with tears – I swear in the name of God the Almighty (Allah- the creature of the Universe – I swear in all my families !!! realy let Allah kill me before him – (I am young 25 years difference with him) I don’t want to listen any evil even headache about him !! every one according to his belief pls make him Duaa’ (supplication) to give him health and what he wish !! he has a big dream for our poor country !!! I love and respecting you from the top of my heart – let Allah give him every thing in the world and hereafter !!! How we are lucky to have such a man !!! in 21 century !
    For politician who so ever you are pls. give freedom to such great and great man to choose what ever party as every Ethiopian !!!!!!! Read what is Democracy !!!! Don’t interfere in his personal attiture Long live Ethiopia & Dr. Sheikh Mohd Ali Al Amoudi

  55. reporter will mind blaming the only ethiopian billionner in vain i gues u need money from him or he has rejected to give u money.i insist that u better sto doin the evil things and do better things to get acceptance of all ethiopians.

  56. We all Ethiopian Should deeply appreciate what sheik mohammed Alamoudin did for our country . Please for ward my great respect for what he did for our communities and all of us should make historical position in the history of Ethiopia.

  57. You are all bragging about something you don’t really know!
    Amare’s criticism on al amoudi is just like what an elephant feels when a fly sits on his back. At this time for al amoudi whether one local writer puts a good or bad prespective doesn’t make a peny change in his life. But ofcourse he might gets it entertainments. Since rich people joks on poor people!! haha
    So please guys be appreciative!! [b][/b][b][/b]

  58. Amare, Alamudi and Gudu are doing their business. Nothing is wrong about that. They are all right from their own perspectives. I am also proude of those who made seasoned comments in relation to the article. I am nevrthless ashemed of those who have divisive openion, who trys to relate things always with ethnicity. Ethiopia has only one option to sustain as a nation – and that option is when every one of us are transformed in to a new pardigm of thinking which do not accept ethnic associations to every bite of our practices. I want to see a world where people are not judjed by their ethnic belongingness, and yet every ethnic group remains equal not only in front of the law but also in our socio-cultural norms. Let us teach our children to own this vision so that they will be able to see a better Ethiopia.

  59. Dear All
    Firest of all I will apreciate all of you who gave resonable and logocal cretisism abou the two party( DR.Sheke Ali Alamudi and The so called reporter News paper. I Let me brief SW analysis of the two oponents.
    Strength Of Alamudi
    He is a true Ethiopian/ He lov Ethiopians& countries
    He is a true Investore
    He loves peopel( From segement of the socities)
    He has a very good confidence( he doesnt worry any critisism

    Weakness
    He is benivolent( He has been giving money for needy, If u consider it as weakness) Except for me

    Strengtn of Reporter/ Amare/
    We read vacancy from His news letter

    Weakness
    he always write false information
    He is Negative thinker
    He always Enveys on Richest peopel
    He is not loving his countery and peopel and try to get money by writing false information
    He hasnt firm stand

    Here is my coment and my analysis since I have been reading reporter to looking for vacancy for the last 5 years. And I have been reading so many information about Ali Alamudi and If i get suport from any body, I will write a book called ” Investment and News letter in Ethiopia”

    If u want to write both posative and Negative coments, Please write to me at tsededesa2@yahoo.com

    regards
    Tsedeke

  60. Everybody can say his/her thought, but Dr. Shek Ahmed Allah Mudin is a hero person foe his country’s economical & social development.

    Who put a vast construction material preparing companies and construction companies in Ethiopia ?

    Who made a country wide agro-industrial investment activity in Ethiopia?

    Who created a wide range of job opportunities for poor people in every direction of the country?

    Who started internationally standardized & well equipped hotel service in Ethiopia ?

    Who supported zones regions & …. by standing beside the government & the community for developmental activities ?

    Dr. Shek Ahmed Allah Mudin done all the above and other activities which are not explained by me. His Excellency Allah Mudin is the bright Eye & Face of our country. Incapables may blame him, but will not stop him, instead they will accelerate.

  61. I have seen the article which is found educational and entertained but MR. al amudin has tried to invest much walth
    in Ethiopia. How ever , He has to be free from politics to
    run his fresh cakes business. It is better to join some
    charities instead of supporting TPLF. of course I don not forget his contribution for creating many job opportunity to
    Ethiopians. we, all of us has contribute some thing for this poor country by working day and night.

  62. REPORTER IS MY ONLY CHOICE FROM ALL NEWS PAPERS PRINTED IN ETHIOPIA,PLEASE KEEP IT UP.
    FROM DRC CONGO.

  63. I APPRECIATE THE WAY YOU EXPRESSES MIDROC AND ITS OWNER
    FIGHTING WITH REALITY.
    PLEASE IF IT IS POSSIBLE THERE ARE MANY THINGS WHICH ARE UNIQUE TO ETHIOPIANS HERE IN CONGO AND ALLOW ME TO SEND YOU AND
    YOU WILL PUBLICIZE IT.eg DOGS AND CATS ARE VERY DELICIOUS FOODS IN THIS COUNTRY.

  64. GUDU I APPRECIATE THE WAY U EXPRESS THE BUSINESS ENTITY CONCEPT AND HOW YOU FIGHT FOR REALITY. MOST OF US (ETHIOPIANS) HAS NO THE HABIT OF APPRECIATING THE GOOD DOINGS AND CRITICIZING THE WRONG ONES. PLEASE THE SHEIK IS A GENEROUS GAY WE EVER HAD SO MR REPORTER PLZ TRY TO EDIT YOUR PAPERS BEFORE PUBLICATION.

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