Ashenafi, Tewodros - from Ethiopia

ID: 299526
Organization: WEF
Country of meeting: Davos in the year 2013

Entrepreneur. He currently serves as CEO of SouthWest Energy. Ashenafi is Chairman of SouthWest Energy, Ethiopia’s first and only indigenous oil and gas company. He also serves as Chairman of SouthWest Development, which provides various services to oil and gas companies in Ethiopia, and Chairman of Ambo Mineral Water, a beverage brand in Ethiopia.

Ashenafi started his career at Merrill Lynch & Co in New York. Prior to founding SouthWest Energy in 2005, Mr. Ashenafi carried out international political and economic consulting work advising large international companies and pension funds about investment conditions in emerging markets, mainly in Latin America and the Commonwealth of Independent States.

In July 2016 Ashenafi played a key role in Ethiopia’s largest ever privatisation deal, where Japan Tobacco International (with Ashenafi acting as the local partner) acquired 40% of Ethiopia’s National Tobacco Enterprise. The enterprise value of the deal was $1.4 billion, which is also one of largest private transactions in Africa.

Activities in the Orangization: