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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 (TPLF).

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 finance, mining, textile, construction, wholesale trade, transport, manufacturing and other sectors, and have long been said to have close ties to the TPLF.

Also read:  Ethiopian govt. says rebels have committed 'atrocities' during two-week Tigray conflict

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

Others are the pharmaceutical manufacturer Addis Pharmaceutical, Izana Mining, Mesfin Industrial Engineering, Selam Public Transport Association, and Mega Printing Company.

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

About Whispers from the North

Whispers from the North is an online platform that appreciates the ecological, cultural and socio-economic diversities of Northern Kenya. We also acknowledge that the lives of the communities of northern Kenya has been shaped by a number of intrinsic and extrinsic factors which have led to complex challenge that calls for a multifaceted approach.

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