The increase in his net worth follows a $1-billion wealth loss in the first half of 2022.
Zepz, the parent company of WorldRemit, stated that it has yet to formally announce an IPO timeline.
WorldRemit was founded by Ahmed, Richard Igoe, and Catherine Wines in 2010.
Al-Amoudi has lost his position as Africa's sixth-richest man to Nigerian billionaire Mike Adenuga.
The most recent addition to the list is U.S. businesswoman Emma Grede.
His company Dahabshiil has grown into a leading African money transfer business.
Duale said the awards highlight the company's socioeconomic development work.
The funds will supplement his existing philanthropic projects.
His net worth fell after Preem, Sweden's largest oil refiner, reported a 31-percent drop in revenue.
The drop in the Ethiopian billionaire's net worth can be attributed to a fall in the collective valuation of his industrial assets in Sweden, Saudi Arabia,...
