Endowment Fund for the Rehabilitation of Tigray | |
Native Name: | ትካል እግሪ ምትካል ትግራይ |
Native Name Lang: | am |
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.
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 was founded in order to improve the local economy Tigrayan economy, which was devastated by the Ethiopian Civil War and the 1983–1985 famine.[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]