Our Team
A family-led enterprise supported by experienced advisors with deep expertise across markets, sectors, and institutions.
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 Construction
Trained in Italy as a technical surveyor and planner. Worked with a consulting firm and three construction companies across road, industrial, and residential projects before founding what is now Carcon Construction (legally Geom. Antonio Carnevale Construction Company) 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 Construction (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, Carcon Construction · 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 Carcon Construction (2010-2011), where he restructured operations for a 30% improvement in cost-efficiency. Leads Group strategy for Construction and runs Carcon Capital.
Alessandro Carnevale
COO, Carcon Construction · CEO, Alessandro Import Export
BSc Civil Engineering. Runs the Group’s execution engine. As COO of Carcon Construction, 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 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
Strategic Advisor
William Lloyd-George
Strategic Advisor
Ulrik Kristensen
Strategic Advisor
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.