^^ I really can't stand this woman. And what's up with the hat? At least take it off when making a speech. 
hno:
hno:
Effort and other endowment companies
1 - 20 of 37 Posts
Large scale garment factory construction in Mekelle nears completion
http://capitalethiopia.com/2017/09/...uction-mekelle-nears-completion/#.WdQZb02ovDA
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http://capitalethiopia.com/2017/09/...uction-mekelle-nears-completion/#.WdQZb02ovDA
^^ :lol: Anti Tigre comments about to rain down. :storm:
^^ If you're referring to my comment, then it's not anti-Tigre. It's just anti-dumb ass. Only in Ethiopia will a dumb ass with no qualification (other than being the wife of an ex-prime minister) is made CEO of a multi-million $ company.
^^ I was referring to Adenagers post I didn't even see your post, but since you brought it up, of course Azeb Mesfins position can only be described as a classic case of nepotism, she is a CEO only because she was the wife of Meles, and she is well connected with the share holders. But my opinion is , EFFORT is not a state owned corporate , it is a privately run corporate set up with capital that was previously owned by the TPLF , and it is their business who they appoint to be their CEO.
And do you know that the constitution doesn't allow any political party from engaging in any type of business ? The first and only entity that defy the so called "constitution" is TPLF itself. Hypocrisy^^ I was referring to Adenagers post I didn't even see your post, but since you brought it up, of course Azeb Mesfins position can only be described as a classic case of nepotism, she is a CEO only because she was the wife of Meles, and she is well connected with the share holders. But my opinion is , EFFORT is not a state owned corporate , it is a privately run corporate set up with capital that was previously owned by the TPLF , and it is their business who they appoint to be their CEO.
Don't make up things, EFFORT is not owned by TPLF, its board members might be TPLF affiliates and loyalists, but that doesn't make it a TPLF owned, I totally support what Sebhat Nega said, when asked about EFFORT by Anemut from ENN, he said "many people advised us to invest this money in places like Vietnam or some Asian country where it will be financially great for us but despite all the expert advise we chose to use it in our country" , I know there is a lot of hate on EFFORT mostly based of unfounded smear campaigns, but I say if this people wanted to fill their pockets, they could have taken that money out of the country like many Nigerian politicians, but they didn't do that, they are building factories in Ethiopia instead, that is patriotic to me and I respect that.And do you know that the constitution doesn't allow any political party from engaging in any type of business ? The first and only entity that defy the so called "constitution" is TPLF itself. Hypocrisy
https://youtu.be/3PbaXXNbcuk
You are very funny, Kebe
Don't make up things, EFFORT is not owned by TPLF, its board members might be TPLF affiliates and loyalists, but that doesn't make it a TPLF owned, I totally support what Sebhat Nega said, when asked about EFFORT by Anemut from ENN, he said "many people advised us to invest this money in places like Vietnam or some Asian country where it will be financially great for us but despite all the expert advise we chose to use it in our country" , I know there is a lot of hate on EFFORT mostly based of unfounded smear campaigns, but I say if this people wanted to fill their pockets, they could have taken that money out of the country like many Nigerian politicians, but they didn't do that, they are building factories in Ethiopia instead, that is patriotic to me and I respect that.
https://youtu.be/3PbaXXNbcuk
:lol::lol::lol:. :lol:Don't make up things, EFFORT is not owned by TPLF, its board members might be TPLF affiliates and loyalists, but that doesn't make it a TPLF owned, I totally support what Sebhat Nega said, when asked about EFFORT by Anemut from ENN, he said "many people advised us to invest this money in places like Vietnam or some Asian country where it will be financially great for us but despite all the expert advise we chose to use it in our country" , I know there is a lot of hate on EFFORT mostly based of unfounded smear campaigns, but I say if this people wanted to fill their pockets, they could have taken that money out of the country like many Nigerian politicians, but they didn't do that, they are building factories in Ethiopia instead, that is patriotic to me and I respect that.
https://youtu.be/3PbaXXNbcuk
EFFORT???
All the politics aside, who really owns EFFORT? What is this "Endowment Found for Tigray Rehabilitation"? If it is a non-profit NGO, per the Ethiopian Commerce code, it should not be allowed to own factories and sale products as any other business entity. How much taxes did they pay in the past ten years?
All the politics aside, who really owns EFFORT? What is this "Endowment Found for Tigray Rehabilitation"? If it is a non-profit NGO, per the Ethiopian Commerce code, it should not be allowed to own factories and sale products as any other business entity. How much taxes did they pay in the past ten years?
Effort is part of the problem this government has. My understanding is it was started with excess cash the TPLF had when they took over the government in 91 (cash they had amassed during their struggle). So Effort is owned by TPLF, or individuals who are leaders in TPLF. But as usual with this government, the whole thing is opaque. Most of the companies under effort make profits, so who takes that profit? Or is it all just reinvested in the different companies? Anyways, having Azeb Mesfin as CEO, you can't really expect Effort to be an efficiently run business enterprise. It's pretty obvious most of the work it does is due to its connection to the ruling party, and not because it is an innovative business.All the politics aside, who really owns EFFORT? What is this "Endowment Found for Tigray Rehabilitation"? If it is a non-profit NGO, per the Ethiopian Commerce code, it should not be allowed to own factories and sale products as any other business entity. How much taxes did they pay in the past ten years?
EFFORT It is not a non profit NGO, it is a business enterprise, you can ask the Ethiopian Inland Revenue ministry for the tax report, to denounce EFFORT in behalf of the Ethiopian Constitution is just a joke,it is just like splitting hairs for argument sake, the most important thing is , EFFORT is building in Ethiopia, creating jobs and bringing money in our impoverished homeland, i don't know what faults you find in that regard.All the politics aside, who really owns EFFORT? What is this "Endowment Found for Tigray Rehabilitation"? If it is a non-profit NGO, per the Ethiopian Commerce code, it should not be allowed to own factories and sale products as any other business entity. How much taxes did they pay in the past ten years?
If your problem is with the owners being TPLF affiliates, then you have to quote the law that forbids political party affiliates form owning a business, anyone can own a business and be a supporter and a member of a political party. Every corporate in America and Europe sponsors a political party, many corporate executive board members belong to one or another party , why do you scream foul when it happen in Ethiopia?
We have to base our opinions on factual evidence, not on hearsay and internet smear allegations, I personally don't believe that Azeb Mesfin is a poor women with nothing to her name, as she say she is some days ago, but I will not go as far as joining the social media conspiracy theory band wagon, that go as far as making her a billionaire, at the head of an international business empire, because there is absolutely no evidence to prove that she is.
EFFORT It is not a non profit NGO, it is a business enterprise, you can ask the Ethiopian Inland Revenue ministry for the tax report, to denounce EFFORT in behalf of the Ethiopian Constitution is just a joke,it is just like splitting hairs for argument sake, the most important thing is , EFFORT is building in Ethiopia, creating jobs and bringing money in our impoverished homeland, i don't know what faults you find in that regard.
If your problem is with the owners being TPLF affiliates, then you have to quote the law that forbids political party affiliates form owning a business, anyone can own a business and be a supporter and a member of a political party. Every corporate in America and Europe sponsors a political party, many corporate executive board members belong to one or another party , why do you scream foul when it happen in Ethiopia?
We have to base our opinions on factual evidence, not on hearsay and internet smear allegations, I personally don't believe that Azeb Mesfin is a poor women with nothing to her name, as she say she is some days ago, but I will not go as far as joining the social media conspiracy theory band wagon, that go as far as making her a billionaire, at the head of an international business empire, because there is absolutely no evidence to prove that she is.
Let me paraphrase my questions for you:
Who are the stockholders of the Companies (I didn't say the board members or the CEOs) ? I don't care about their political affiliations but they should be legal entities to run businesses. When is their scheduled annual stockholders meeting where they would announce their previous year earnings and profits?
So you become more knowledgable that the TPLF creator/master mind devil-person?? Who are you man? Don't think of yourself super smart. It's a known old fact:bash: It's tiring talk now..... so why do you think then all leaders in EFFORT are the old TPLF core people if it were independent, are you the one who made it a share holding company?, It has been labeled as an endowment. OMG to lousy argument....get lost manDon't make up things, EFFORT is not owned by TPLF, its board members might be TPLF affiliates and loyalists, but that doesn't make it a TPLF owned, I totally support what Sebhat Nega said, when asked about EFFORT by Anemut from ENN, he said "many people advised us to invest this money in places like Vietnam or some Asian country where it will be financially great for us but despite all the expert advise we chose to use it in our country" , I know there is a lot of hate on EFFORT mostly based of unfounded smear campaigns, but I say if this people wanted to fill their pockets, they could have taken that money out of the country like many Nigerian politicians, but they didn't do that, they are building factories in Ethiopia instead, that is patriotic to me and I respect that.
https://youtu.be/3PbaXXNbcuk
Let me paraphrase my answer to you, i don't care about what type of company it is, public limited or private limited and so on,,,, , I have not made any inquiry into EFFORT and its leadership, so I am not an EFFORT expert, all I care about is they are investing in Ethiopia and creating jobs in Ethiopia and creating wealth and bringing technology to Ethiopia, that is all, and I have no problem with that, if anyone has any problem with that that is their problem.Let me paraphrase my questions for you:
Who are the stockholders of the Companies (I didn't say the board members or the CEOs) ? I don't care about their political affiliations but they should be legal entities to run businesses. When is their scheduled annual stockholders meeting where they would announce their previous year earnings and profits?
Ohh the damn TPLF blood sucking vampire Illuminati Freemasons.So you become more knowledgable that the TPLF creator/master mind devil-person?? Who are you man? Don't think of yourself super smart. It's a known old fact:bash: It's tiring talk now..... so why do you think then all leaders in EFFORT are the old TPLF core people if it were independent, are you the one who made it a share holding company?, It has been labeled as an endowment. OMG to lousy argument....get lost man
FKebede, I'm not sure if you're pretending to be ignorant of the issues, but let me spell them out for you. Most people are not mad that Effort is investing in Ethiopia. Far from it. Actually, if their start-up capital was in birr, I don't know where else they could have invested that money, unless they used the black market, which would have been hilarious. I digress. The main point here is, companies under Effort are directly competing with local and foreign companies that also have invested in Ethiopia. As you very well know the biggest client for any business in Ethiopia is the government. Let's take Messobo cement factory. Let's say the government is building a huge concrete dam (as in Gibe III, GERD, Tekezze, etc). Now those projects require a HUGE amount of cement. Guess who gets priority to sell cement to these projects? It's not Dangote. Do we know if there was a proper bidding process for these supply deals? Maybe there was, maybe there wasn't. My guess is there wasn't. A couple of phone calls to Salini and the deal is done.Let me paraphrase my answer to you, i don't care about what type of company it is, public limited or private limited and so on,,,, , I have not made any inquiry into EFFORT and its leadership, so I am not an EFFORT expert, all I care about is they are investing in Ethiopia and creating jobs in Ethiopia and creating wealth and bringing technology to Ethiopia, that is all, and I have no problem with that, if anyone has any problem with that that is their problem.
http://www.tigraionline.com/articles/article130127.html
Same thing with Trans Ethiopia. The government wants a contract to lift fertilizer from Djibouti port. Who gets priority? Trans Ethiopia. I can go on and on. I mean the whole thing looks really bad for the government. They can never convince the average Ethiopian that there are no improprieties. They should just get rid of it all. In my opinion it's not worth it.
Kebe knows all too well. He is just being obtuse. How many businesses that invested in Ethiopia went bankrupt because of EFFORT? We all know....
FKebede, I'm not sure if you're pretending to be ignorant of the issues, but let me spell them out for you. Most people are not mad that Effort is investing in Ethiopia. Far from it. Actually, if their start-up capital was in birr, I don't know where else they could have invested that money, unless they used the black market, which would have been hilarious. I digress. The main point here is, companies under Effort are directly competing with local and foreign companies that also have invested in Ethiopia. As you very well know the biggest client for any business in Ethiopia is the government. Let's take Messobo cement factory. Let's say the government is building a huge concrete dam (as in Gibe III, GERD, Tekezze, etc). Now those projects require a HUGE amount of cement. Guess who gets priority to sell cement to these projects? It's not Dangote. Do we know if there was a proper bidding process for these supply deals? Maybe there was, maybe there wasn't. My guess is there wasn't. A couple of phone calls to Salini and the deal is done.
http://www.tigraionline.com/articles/article130127.html
Same thing with Trans Ethiopia. The government wants a contract to lift fertilizer from Djibouti port. Who gets priority? Trans Ethiopia. I can go on and on. I mean the whole thing looks really bad for the government. They can never convince the average Ethiopian that there are no improprieties. They should just get rid of it all. In my opinion it's not worth it.
Let me paraphrase my answer to you, i don't care about what type of company it is, public limited or private limited and so on,,,, , I have not made any inquiry into EFFORT and its leadership, so I am not an EFFORT expert, all I care about is they are investing in Ethiopia and creating jobs in Ethiopia and creating wealth and bringing technology to Ethiopia, that is all, and I have no problem with that, if anyone has any problem with that that is their problem.
My worry is it is neither a private limitednor a publicly traded company. Investing is one thing which we all support, butplaying by the rules of the game in a plain field is a different thing which ismore important. Effort may create a 1000 jobs here by killing 2000 jobs elsewhere.Not all types of investments are important for the development of a nation. Wewill see how far they will move without corporate transparency.
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