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Azeb Mesfin pushes out TPLF boss Sebhat Nega

Azeb Mesfin, the wife of Ethiopia’s dictator Meles Zenawi (also known as “The Wicked Witch of Ethiopia”), has become deputy head of the Endowment Fund for the Rehabilitation of Tigray (EFFORT), which owns several multimillion-dollar companies. She will serve under Abadi Zemu, the chief executive officer (CEO) of EFFORT, replacing Sebhat Nega, the most senior leader of the TPLF.

[There has been an intense behind the scene power struggle between Azeb and Sebhat as she moved to take total control of Woyanne’s assets.]

This appointment is yet another public role Azeb assumes following the split within the leadership of the TPLF in early 2000. Not only was Azeb elected to the Federal Parliament in 2005 by a constituency in Welkait, she is also a chairperson of its Standing Committee on Social Affairs. She was also elected as a member of the Central Committee of the TPLF, a place she first got four years ago.

Azeb is not new to EFFORT; she has been in charge of one of its subsidiaries, Mega Publishing, whose office and printing facility is inside Mega Building, on Africa Avenue (Bole Road). It is the printing arm of Mega Net Corporation, an umbrella of several subsidiaries, which was first registered in March 1993 as Mega Net Printing & Distribution Share Company, with an initial capital of one million Birr. It was restructured to Mega Net Corporation and increased its capital to 10 million Br, with EFFORT controlling the largest share.

EEFORT was first established in 1995 as a non-governmental foundation. Its leaders often argue that it got its seed money from the TPLF that acquired assets during the period of armed struggle against the Derg. Although this argument has been directed to fierce criticisms from those opposing the administration of the Revolutionary Democrats, its supporters claim EFFORT was created to invest in areas where the public or private sectors are not interested or capable of involvement.

Its first Board of Directors of seven were all senior leaders of the TPLF/EPRDF; EFFORT’s first Chairman of the Board and Chief Executive Officer was Seyee Abraha, a politburo member of the TPLF from the late 1970s, until he was flushed out of the party in early 2000. His chairmanship position was filled by Seyoum Mesfin, who is also minister of Foreign Affairs.

Sebhat took over the chief executive position and served up until this year, before he handed over to Abadi, who has always served as a director of the council. The latter transferred to the board and head of the industrial wing of EFFORT.

The conglomerate has over 25 companies that it controls in the industry, finance, trade, mining, construction, transport and agricultural sectors.

By PAWLOS BELETE | ADDIS FORTUNE

25 thoughts on “Azeb Mesfin pushes out TPLF boss Sebhat Nega

  1. Oh well,

    “wechio ‘nteghelbeTkayo wechio” newna negeru! he is probably tired and needs to be replaced, I suppose. But, really who cares in Weyane land?

  2. Well Mister Elias do not call alone Azeb Mesfin, the wife of Ethiopia’s dictator Meles Zenawi (also known as “The Wicked Witch of Ethiopia”), Because who does care if two donkeys kick each other, I am glad they are doing on each other anyway for the last 18 years they have done on Ethiopians more over I am sure Sibahat has enough money for his remaining 5 or 6 years life.

  3. This reminds me the last days of Mengistu and his cronies. Mengistu was a little bit late and naive, but these voltures are a bit crude, calculating and canning. They are running fast before the tide reaches at them. The sad story however, is that nobody is paying attention and we are all standing idle when they are looting our fortune and the fortune of our future generation.

    Gobez Tensa!

  4. she is a serious threat to ethiopia as she grew up with hatred against her own people and she is the adviser of murder and avenge behind the scene. May God save us from this CHIRAQ!

  5. It’s a Mafia-like organization.No one Knows its financial or material sources.It’s the plundering organization which has been making lucrative business at the expense of the other regions of the country.
    The so-called Endowment must be confiscated when a change of regime occurs.

  6. She looks a transvestite as well. May be she learnt that from her partners – the Legesse and Mesfin. Legesse is definitely a certified tranny and a deviant!!!

  7. We can write the character of Azeb, but to say all this kind of words about one Ethiopian lady for me look like unfair, to be respect we have to respect. What I can see on her face their is no even makeup. Don’t think I’m woyane because I say this.

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