Native name | ትካል እግሪ ምትካል ትግራይ |
---|---|
Industry | Textiles, Transportation, Agriculture, Construction, Mining, Construction Materials |
Founded | 1995 |
Area served | Ethiopia |
The Endowment Fund for the Rehabilitation of Tigray (EFFORT; Tigrinya: ትካል እግሪ ምትካል ትግራይ) is a conglomerate of businesses factories mainly based in Tigray Region, Ethiopia.
Name | Industry |
---|---|
Mesebo Cement/Building | Construction |
Sur Construction | |
Mesfin Engineering | |
Maichew Particleboard | |
Romanat Packaging | |
Almeda Textile/Garment | Textiles |
Sheba Leather | |
National Geotextile/Gabion | |
Guna Trading | Agriculture |
Hiwot Agriculture | |
Bruh Tesfa Irrigation | |
Raya Field Agroprocessing | |
Abergelle Livestock | |
Ezana Mining | Mining |
Saba Stones | |
TransEthiopia | Transportation |
Addis Pharmaceuticals | Pharmaceuticals |
EFFORT holds a 51% stake in Addis Pharmaceuticals, the miniority shareholder being a Private Equity Company [2] EFFORT no longer owns Selam Horticulture, Dimma Honey, and Raya Field Agroprocessing.[1]
EFFORT was founded in order to improve the local economy Tigrayan economy, which was devastated by the Ethiopian Civil War and the 1983–1985 famine.[1][3]
On 18 November 2020, BNN Bloomberg reported that EFFORTs fund were frozen because its subsidiaries had allegedly "participating in financing ethnic-based violence, acts of terrorism, connection with the TPLF, which seek[ed] to overthrow the constitutional order."[4]
EFFORT was damaged significantly by the Tigray War, with Almeda Textile, Ezana Mining, Saba Stones and Sheba Leather being left completely destroyed.[5]