TIRET was established in 1995 as an Endowment Organization registered in Amhara National Regional State. The initial capital of Birr 26,173,813.00 which was equivalent to US$969,400.48 dollar was contributed by the founders.
As an endowment organization TIRET has been engaged in profitable businesses whose profits and assets are to be used for the rehabilitation and Socio-Economical development of Amhara National Regional State and its people.
Our present total assets valuation inclusive of shares and stocks in other companies estimated above 9.8 billion birr /USD $460 million, TIRET is set to become the biggest social Endowment business in the whole of East Africa.
To be a leader in social business endowment in East Africa
To become an investment institution with considerable contribution to the growth and prosperity of Amhara National Regional State, as well as the country at large through the creation of profitable and competitive enterprises and using part of the profits for advancing social services and development.
As stated in article 7 of TIRET’s memorandum of association:-
TIRET by the Laws of Ethiopia can engage in sustainable income generating activities that are incidental to the achievement of its Socio-Economic development to alleviate poverty. Creating job opportunities, transferring technology and taking a share in any investment to escalate the business of the company.