TPLF To Sell Shares of Three Companies Run Under EFFORT


TPLF To Sell Shares of Three Companies Run Under EFFORT
TPLF To Sell Shares of Three Companies Run Under EFFORT

 

Tigray People’s Liberation Front (TPLF) has announced that the party begins preparations to make shares of Messebo Cement, Sur Construction, Trans Ethiopia available for the public, FBC reports.

The sell is following the previous decision by the party to transfer some shares of companies which run under EFFORT, endowment fund for rehabilitation of Tigray, EFFORT which is assorted of multi-billion Dollar worth business firms consist of major industrial activities in Ethiopia such as banking and insurance, import and export media and communication, agribusiness, construction and mining among others.

Speaking in the press conference, Abraham Tekeste, Tigray regional state trade, Industry, and urban development bureau head Call for Tigray diaspora community to participate actively to possess shares available for sale.

In addition, the share of three private companies will be available for sale during the Tigray Diaspora Festival to be held in July 2019 in Ethiopia, Abraham announced.

In order to make the plan effective, various works to which encourage investors actively make in investment are underway, he added.

Apart from this, the regional government is ready to create favorable conditions for private investors who want to invest in the region, According to Abraham.

Finally, he calls for private investors to get into work after meeting the necessary requirements for investment.


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Solomon Yimer

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