Team | Carnevale Group

Leadership

The Carnevale Family

Two generations running the Group’s five divisions. The first generation built the business; the second now leads day-to-day operations, strategy, and growth.

Geom. Antonio Carnevale

Founder & MD · Antonio Carnevale General Contractor

Trained in Eritrea and Ethiopia under the Italian surveyor schooling system. Worked with a consulting firm and three construction companies across road, industrial, and residential projects before founding Antonio Carnevale General Contractor in 1985. Over four decades he has built the company into one of the recognised private contractors in Addis Ababa, delivering landmark projects for the Catholic Church, diplomatic missions, and Ethiopian Airlines. Antonio continues to set operating standards and underwrite the Group’s technical reputation.

Adamandia Stavrou

Co-Founder & Group Matriarch

Built the Group’s original administrative and financial backbone. Served as Deputy General Manager of Antonio Carnevale General Contractor (1986-1995), overseeing operations across up to four regions and a workforce of 600. Founded Tensae Medical Centre in 1995, one of Addis Ababa’s first 24/7 higher medical centres, with 27 in-patient beds and seven practitioners, and AMCAST PLC, the Group’s original import-export business (1995-2009) with around USD 1M annual turnover. Earlier career at UNECA (1981-1986) and the French Embassy’s Cultural & Technical Cooperation office (1973-1981). Fluent in Amharic, Greek, French, English, Tigrinya, and Oromiffa. Melvin Jones Fellow, Lions Club International.

Sergio Carnevale

Head of Strategy, Antonio Carnevale General Contractor · CEO, Carcon Capital

MPhil in Development Studies, University of Cambridge; BA (Hons) Economics & Linguistics, SOAS University of London. Fifteen years of senior consulting across East Africa, delivering policy and private-sector development work for the European Union, the World Bank, UNDP, AFD, GIZ, DAI, Mercy Corps, Technoserve, and Big Win Philanthropy. Representative engagements: team-leading the policy trigger matrix for AFD’s €300M budget support to Ethiopia (2024), the EU Investment Guide to Ethiopia with the Ethiopian Investment Commission (2022), and Ethiopia’s national Trade Policy Framework for UNDP (2020). Previously Deputy General Manager at Antonio Carnevale General Contractor (2010-2011), where he restructured operations for a 30% improvement in cost-efficiency. Leads Group strategy for Construction and runs the Advisory & Investments division.

Alessandro Carnevale

COO, Antonio Carnevale General Contractor · CEO, Alessandro Import/Export

BSc Civil Engineering. Runs the Group’s execution engine. As COO of the Construction division, Alessandro directs site operations, project delivery, equipment deployment, and subcontractor management across the active portfolio, currently Agober, Olympia, Cathedral mixed-use, Consolata Training Centre, and the Moplaco coffee plantation facilities. As CEO of Import/Export, operating as Alessandro Import Export, the trade division the Group revived in his name, he leads supplier development and the current expansion into commodity trade. His style is direct and site-first.

Advisors

Advisory Board

Experienced professionals who bring strategic insight, institutional networks, and sector expertise to the Group.

Constantine Seferis

Investment & Equity

Investment and equity expert. Partner in the Group’s European endeavours.

William Lloyd-George

Go-To-Market & Frontier Markets

Advises on go-to-market strategy, with deep expertise in frontier-market operations.

Ulrik Kristensen

Government & Senior Advisory

Supports the Group’s engagements with government counterparts and senior-level advisory work.

Additional partners and local advisors support the Group's operations across its markets.

How We Operate

A family holding, professionally run

Each of the Group’s five divisions runs as its own business with its own leadership, client book, and P&L. The family sets direction and long-term capital allocation, but day-to-day execution sits with division leads. We recruit outside the family where the role requires it, and we work with external advisors, auditors, and specialists, the same way any institutional client would.