Endowment Fund for the Rehabilitation of Tigray

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.

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

Companies

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 minority shareholder being a Private Equity Company ^[2] EFFORT no longer owns Selam Horticulture, Dimma Honey, and Raya Field Agroprocessing.^[1]

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.^[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]