Endowment Fund for the Rehabilitation of Tigray

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]

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]