Endowment Fund for the Rehabilitation of Tigray

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.

## Companies

[edit]

EFFORT's major companies are:[1] 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]

## History

[edit]

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]

## References

[edit]

1. ^ a b c Vaughan, Sarah; Gebremichael, Mesfin (2011). Rethinking business and politics in Ethiopia: The role of EFFORT, the Endowment Fund for the Rehabilitation of Tigray. London: Overseas Development Institute. pp. 6–61.
2. ^ "54 Capital Plans Ethiopian Pharma Factory After Deal". Bloomberg.com. 21 January 2016.
3. ^ Young, John (March 1997). "Development and Change in Post-Revolutionary Tigray". The Journal of Modern African Studies. 35 (1): 85–86. doi:10.1017/s0022278x97002346. JSTOR 162055. S2CID 155076002.
4. ^ Gebre, S., & Marks, S. (2020, November 18). Ethiopia Freezes Assets of Fund Accused of Backing War in Tigray - BNN Bloomberg. Retrieved January 18, 2021, from https://www.bnnbloomberg.ca/ethiopia-freezes-assets-of-fund-accused-of-backing-war-in-tigray-1.1524014
5. ^ "News: Regional states presidents, city mayors visit Tigray's war ravaged factories in Wukro". Addis Standard. 27 April 2023.