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 Tygrai
(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.
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