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,...
Duale, a Somali multimillionaire, is the CEO of Dahabshiil, a global money transfer company founded in 1970.
The mogul controls valuable assets in Sweden, Saudi Arabia and Ethiopia, and is Ethiopia's richest man.
WorldRemit has serviced 5.7 million users in 130 countries, utilizing 70 different currencies.
Somali multimillionaire billionaire Abdirashid Duale owns 95 percent of Somtel.
With a fortune of $6.45 billion, Al-Amoudi is one of Africa's richest men and the wealthiest man in Ethiopia.
DAL Group is a Sudan-based conglomerate with investments and active operations across several sectors.
