Over 1.9 billion Birr has been secured from various income generating schemes for the construction of the Grand Ethiopian Renaissance Dam (GERD) during the past 11 months of the current fiscal year, Office of National Council for the Coordination of Public Participation on the Construction of GERD disclosed.

Office Public Relations Head Hailu Abraham told The Ethiopian Herald that the performance has surpassed the target by over 400 million Birr. The office has managed to collect a maximum one billion Birr in previous years and the 1.9 billion Birr contribution is unprecedented in this regard.

Noting the Office has planned to raise two billion for GERD in the current year, Hailu said that the public has demonstrated overwhelming participation in financing the construction of the mega dam.

“During the past 10 years we have managed  to collect 15.6 billion Birr from the public to the GERD,” he stated, adding that the office plans to develop a national network that will provide timely information about the dam for Ethiopians residing in home and abroad.

As to the head, preparation has been finalized to launch the GERD network that would have multiple importance in mobilizing funds for the mega dam thereby supporting Ethiopia’s vision to prosper.

The network would bring individual and societal knowledge to support the national efforts to ensure the development and utilization of natural resources, it was learned.

The Ethiopian Herald July 4/2021


  • History Will Always Remember Positive Roles of Ethiopian Diaspora
    DPM and FM Demeke Mekonnen: History Will Always Remember Positive Roles of Ethiopian Diaspora The Government of Ethiopia recognized 52 Ethiopian diaspora associations from 25 countries that actively support their homeland in times of need. According to H.E. President Sahle-Work Zewde, the recognition is for all Ethiopians in the diasporaContinue Reading
  • IMF projects Ethiopia, Angola economies to overtake Kenya
    Kenya is set to be replaced as the third-largest economy in sub-Saharan Africa by Angola and Ethiopia, weakening the East African country’s power to tap investors enticed with a population that has more cash to spend. Faster GDP growth in Angola and Ethiopia will see Kenya relegated to number fiveContinue Reading
  • Ethiopia in Talks With Russian, Chinese and UAE Petroleum Production Companies
    Ethiopian Ministry of Mines announced that the government is holding consultations with petroleum production companies from Russia, China and the United Arab Emirates over potential partnerships on extracting the country’s gas resources. During a briefing to government media on the ministry’s six months performance report, Takele Uma, Minister of Mines & Petroleum,Continue Reading
  • Germany, France Express Readiness to Support Ethiopia Along with EU
    Germany’s Federal Minister of Foreign Affairs, Annalena Baerbock, and France’s Minister for Europe and Foreign Affairs, Catherine Collonna expressed their countries’ readiness to support Ethiopia in its effort for development and peace building activities. In a joint press briefing they gave to local and foreign correspondents along with Deputy PrimeContinue Reading
  • “There is no peace that can be lasting without justice” 
    The foreign ministers of France and Germany used a visit to Ethiopia on Thursday to call for accountability for widespread abuses committed during the Tigray conflict as a condition for the European Union to normalize relations with the country. Speaking in the capital, Addis Ababa, German foreign minister Annalena BaerbockContinue Reading

Leave a Reply