The Endowment Fund for the Rehabilitation of Tigray (EFFORT; ) is a conglomerate of businesses factories mainly based in Tigray Region, Ethiopia.
Companies +EFFORT's major companies are:NameIndustryMesebo Cement/BuildingConstructionSur ConstructionMesfin EngineeringMaichew Particleboard Romanat Packaging Almeda Textile/Garment TextilesSheba Leather National Geotextile/Gabion Guna Trading AgricultureHiwot Agriculture Bruh Tesfa Irrigation Raya Field Agroprocessing Abergelle Livestock Ezana Mining MiningSaba Stones TransEthiopia TransportationAddis Pharmaceuticals Pharmaceuticals EFFORT holds a 51% stake in Addis Pharmaceuticals, the minority shareholder being a Private Equity Company EFFORT no longer owns Selam Horticulture, Dimma Honey, and Raya Field Agroprocessing.
History 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.
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." 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
EFFORT was damaged significantly by the Tigray War, with Almeda Textile, Ezana Mining, Saba Stones and Sheba Leather being left completely destroyed.
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