IS TPLF LEADING
THE COUNTRY OR EXPANDING
IT’S BUSSINESS EMPIRE?
Since the dictator
TPLF seized power, it has been clearly engaged in massive corruption
and unethical business practices by national or international
business rules. As a ruling party, it not only owns strategic sectors
of the economy and engages in commercial and trading activities, it
also puts competing private sectors in a hopeless no-win situation.
This preponderant economic dominance is also used as a political
weapon to harass, incarcerate, dominate, weaken and control
opposition forces in order to stay in power indefinitely.
The TPLF, the core
political power of Ethiopian government, has transformed the
Ethiopian economy from State ownership to the private ownership by
political parties, mainly the TPLF, by buying investment assets
formerly owned by the government of Ethiopia, as prescribed by the
World Bank Report and political coercion by the United States
Government. At the same time, the TPLF has also started a huge
investment program of its own through sham corporate structures. For
example, the TPLF controlled Endowment Fund of Rehabilitation of
Tygreai (EFFORT) is a conglomerate with an asset estimated well over
a billion Ethiopian Birr involved in business investment in all
aspect of the Ethiopian economy.
It was established
by expropriating capital equipments from different parts of the
country and by the infamous defaulted bank debts. Currently there is
no business sector that is free from the involvement of EFFORT. It
stretched from production to distribution, from finance to insurance,
from wholesale to retail, from real-estate to horticulture, from
mining to IT. Peculiarly, this trade empire hasn’t ever been
audited by external auditor nor repays the loan it borrowed
periodically.
Surprisingly, almost
99.9% of the employees in these innumerable companies of EFFORT are
Tigrian; which means that majority of the economy is occupied by
either the Tigrian private companies or by the extractive trade
empire called EFFORT; and they primarily privileged job opportunity
for Tigrians. As the complete cycle of economic dominance and
privileged labour market portrays, we are under a severe economic
genocide. The following tables show TPLF companies under EFFORT.
Companies with
investment capital of < 20,000,000 Million Ethiopian Birr
|
Company Name |
Yr.Est(EC) |
HQ |
Capital |
Board chairman |
|
Selam Transport |
1995 |
Mekele |
10,000,000birr |
Arkebe Ekubay |
|
Segel Construction |
1995 |
Mekele |
10,000,000birr |
Araya Zerihun |
|
Mega Net Corp |
1995 |
Mekele |
10,000,000birr |
Alemseged Gebreamlak |
|
Hitech Park Axion Association |
1995 |
Mekele |
10,000,000birr |
Shimels kinde |
|
Fana Democracy plc |
1995 |
Mekele |
6,000,000birr |
Negash Haile |
|
Express Transit |
1995 |
Mekele |
10,000,000birr |
G/selassie Gidey |
|
Ethio Rental Axion Association |
1995 |
Mekele |
10,000,000birr |
Atikilt Kiros |
|
Dilate Brewery |
1995 |
Mekele |
15,000,000irr |
Kahsay Tewolde Tedla |
|
Dessalegn Caterinary |
1995 |
Mekele |
15,000,000birr |
Dr.Maru Erdaw |
|
Addis Consultancy House |
1995 |
Mekele |
10,000,000birr |
Sibhat Nega |
|
Birhane Building Construction |
1995 |
Mekele |
10,000,000birr |
Bereket Mazengiy |
|
Total Capital |
|
|
116,000,000birr |
|
Companies
with investment capital between 20-49 Million Ethiopian Birr
|
Company Name |
Year Est (EC) |
Capital |
HQ |
Board Chairman |
|
Sheba Tannery Factory Axion Assoc |
1995 |
40,000,000 |
WUKRO |
Abadi Zemu |
|
Meskerem Investment |
1995 |
40,000,000 |
Axum |
Tewodros Ayes
|
|
Africa Insurance Axion Association |
1995 |
30,000,000 |
A.Ababa |
Yohannes Ekubay |
|
Global Auto Sparepart |
1995 |
26,000,000 |
A.Ababa |
Teklebirhan Habtu |
|
Experience Ethiopia Travel |
1995 |
26,000,000 |
Mekele |
Tony Hiki |
|
Addis Engineering consultancy |
1995 |
25,000,000 |
A.Ababa |
Arkebe Ekubay |
|
Hiwot Agricultural Mechanization |
1995 |
25,000,000 |
Mekele |
Yohannes Kidane |
|
Berhe chemical Axion |
1995 |
25,000,000 |
Mekele |
Abadi Zemu |
|
Rahwa Yibenal Fiyel Export |
1995 |
25,000,000 |
Mekele |
Yassin Abdurahman |
|
Star Pharmaceuticals |
1995 |
25,000,000 |
Mekele |
Arkebe Ekubay |
|
Tesfa Livestock |
1995 |
20,000,000 |
Mekele |
Yohannes Kidane |
|
Total Capital |
|
307,000,000 Birr |
|
|
Companies with
a paid-up capital of >50.000.000 Million Ethiopian Birr
|
Company Name |
Year Esr(Ec) |
Capital |
HQ |
Board chairman |
|
Almedan Garment Factory |
1995 |
660,000,000 Birr |
Mekele |
Abadi Zemu |
|
Mesfin Industrial Company |
1995 |
500,000,000 Birr |
Mekele |
Arkebe Ekubay |
|
Mesob Cement Factory |
1995 |
240,000,000 Birr |
Mekele |
Abadi Zemu |
|
Almeda Textile Factory |
1995 |
180,000,000 Birr |
Mekele |
Abadi Zemu |
|
Sur Construction |
1995 |
150,000,000 Birr |
A.Ababa |
Arkebe Ekubay |
|
Trans Ethiopia |
1995 |
100,000,000 Birr |
Mekele |
Shimelis Kinde |
|
Dedebit Saving & Loan |
1995 |
60,000,000 Birr |
Mekele |
Atkilit Kiros |
|
Ezana Mining Development |
1995 |
55,000,000 Birr |
A.Ababa |
Tewodros H. Berhe |
|
Addis PharmaceuticalsProduction |
1995 |
53,000,000 Birr |
A.Ababa |
Abadi Zemu |
|
Tana Trading House Axion Association |
1995 |
50,000,000 Birr |
A.Ababa |
Sibhat Nega |
|
Total Capital |
|
1,868,000,000 Birr |
|
|
Companies that
did not make their paid-up capital public.
|
Ambassel Commerce |
Dinsho Share Company |
Tigrai Tagai Association |
Brook Chemical Share Company |
|
Dashen Beer Factory |
Express Ethio Travel Service |
Tigrai Development PLC |
Computer Networking Technology |
|
Amhara Meleso MaquaQuam |
Berhan Building Construction |
Star Pharmaceutical Importers |
National Electromechanical |
|
Saba Emnebered |
Guna Trade Services |
Biftu Dinsho |
Oromia Credit Bank |
|
Adwa Flour Factory |
Wendo Trading |
Shala Advertisement |
National Geo-Textile |
|
Trans Ethiopia |
Tikal Agri Tigrai |
Walta Industry |
Alage Forest Products |
|
Sebhat Nega PLC |
Addis Transport |
Tikur Abbay Transport |
Martha poultry |
|
Dima Honey Processinf plant |
Zeleke Agricultural Mechanization PLC |
|
Beruk Tesfa Plastic Factory |
|
Aberdele Animal Export Company |
Maichew Particle Board |
|
|
*Some Board
Chairmen might have moved within the parastatals.
*The amount shown on the tables above are initial start-up
capitals. The total net worth of the parastatals has quadrupled.
Table
Source:Ginbot 7





