Endowment Fund for the Rehabilitation of Tigray

Endowment Fund for the Rehabilitation of Tigray
Native name
 ንዳውመንት ፈንድ ፎር ዘ ሪሃብልቴሽን ፎር ትግራይ
Industry Textiles, Transportation, Agriculture, Construction, Mining, Construction Materials
Founded 1995
Area served
 Ethiopia

The Endowment Fund for the Rehabilitation of Tigray (EFFORT) is a conglomerate of businesses factories mainly based in Tigray Region, Ethiopia in order to improve the local economy that was devastated by the Ethiopian Civil War and the 1983–1985 famine.[1][2]

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

Note: EFFORT only has a 49 percent stake in Addis Pharmaceuticals, the majority holder being Mulugeta Guade Mengiste (a large Amhara private capitalist).[3] EFFORT no longer owns Selam Horticulture, Dimma Honey, and Raya Field Agroprocessing.[1]

References

  1. 1 2 3 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. ↑ Young, John (March 1997). "Development and Change in Post-Revolutionary Tigray". The Journal of Modern African Studies. 35: 85–86. JSTOR 162055.
  3. ↑ Milkias, Paulos (August 2018). "Ethiopia, The TPLF and Roots of the 2001 Political Tremor". International Conference on African Development Archives: 18.
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