Destruction of 100 billion birr businesses in Tigray now spreads to Amhara

The $26 million investment by Velocity in Mekelle which was 70% funded by loan from the Development Bank of Ethiopia was a total loss due to destruction by the ENDF and Eritrean forces. Thousands of jobs and loan repayment are gone.

Abiy Ahmed and Esaias Afwerki beserk destruction destroyed thousands of workers lives, millions in foreign investment, and cancelled the future repayment of millions of dollars in loans made by the Development Bank of Ethiopia to foreign investors in Tigray.  The false message of liberation of the Tigray from the TPLF by Abiy Ahmed’s genocide which continues today was countered by some like Abera Niguse in the interim administration of occupation. Now with carpet bombardment of Amhara killing thousands of civilians and businesses, the Abiy Ahmed war machine continues the same in Amhara.

The false message of liberation of the Tigray from the TPLF by Abiy Ahmed’s genocide which continues today was countered by some like Abera Niguse in the interim administration of occupation.   Niguse appointed as Head of the Bureau of Justice for the Tigray Interim Administration during the Ethiopian occupation complained in February 2021 that the destruction of factories and businesses in Tigray was illegal. He noted that the procedure undertaken was a “law enforcement operation” that should not have constituted mass destruction in a radio broadcast on FM 104.4 in Mekelle. The damage done would require an investment of over 100 billion birr to repair he stated. Essentially every factory and business including pharmaceuticals, construction, mining, truck and agricultural equipment manufacturing, garments, steel, poultry, farming, cement production, etc. was destroyed.

I was involved in trying to help Velocity, an Indian and Dubai based garment company in Mekelle which also produced oxygen for industrial use, be allowed to produce medical oxygen but instead Eritreans were allowed to destroy the factory and take components to Asmara. The Velocity investment in Mekelle was $26 million dollars with a 70% loan from the Development Bank of Ethiopia. Now thanks to Abiy Ahmed’s destructive mania thousands lost jobs and loans outstanding to the Development Bank of Ethiopia will never be paid. This is just one example of many examples of how Abiy Ahmed’s will ultimately help break the economy of Ethiopia.

Niguse complained “This is not about getting rid of TPLF or capturing some clique. This war had no discipline. It has created insurmountable social and economical issues for the foreseeable future for the people of Tigray. It has caused serious insecurity in the region. Tigrayans are abused and suffering. Churches are burning. Women and young girls are being raped. Improper house checks and raids. All types of machinery, cars and many other properties of Tigray have been looted and taken out of the country’s border, some are taken to central Ethiopia”.

 

Author: Professor Tony Magana

Professor Tony Magana is Head of the Department of Neurosurgery, School of Medicine, College of Health Sciences at Mekelle University in Mekelle, Ethiopia. He directs a neurosurgery residency and training program as well as neuroscience research.

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