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Sahle-Work Zewde (Center L), President of Ethiopia, stands next to Abiy Ahmed (Center R), Prime Minister of Ethiopia, stand during an event to honour the national defence forces in Addis Ababa, on November 17, 2020. - The United Nations on November 17, 2020 expressed alarm at the "large-scale humanitarian crisis" developing on the border between Sudan and Ethiopia, where thousands of people are fleeing the ongoing fighting in northern Tigray every day. (Photo by EDUARDO SOTERAS / AFP)

Ethiopia freezes bank accounts of companies ‘financing TPLF’


The Ethiopian government on Tuesday froze bank accounts of businesses linked to leaders of the Tigray People’s Liberation Front.

The Federal Attorney General issued a statement on Tuesday listing 34 business entities whose bank accounts had been frozen, saying there is evidence that the companies are involved in financing the “Junta” in Tigray and trying to derail country’s constitutional order.


The banned companies are in involved in finance, mining, textile, construction, wholesale trade, transport, manufacturing and other sectors, and have long been said to have close ties to the TPLF.

Among them are Sur Construction, one of the largest construction companies in the country, Guna Trading Enterprise, Almeda Textile Manufacturing, Mesebo Cement Factory, and Trans Ethiopia, which has been involved in transportation and foreign trade.

In addition, the pharmaceutical manufacturer, Addis Pharmaceutical, Mining, Izana Mining, Mesfin Industrial Engineering, Selam Public Transport Association, and Mega Printing Company, a printing company.

The closure of the companies’ accounts came two weeks after the government took action against the TPLF-led Tigray Special Forces.


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