Ethiopian Diaspora buy bonds worth over $4.9 million

28 Jul 2017

The Ministry of Foreign Affairs said the Ethiopian diaspora have purchased bonds worth over $4.9 million to contribute towards the construction of the Grand Ethiopian Renaissance Dam, during the concluded Ethiopian fiscal year.

The Grand Ethiopian Renaissance Dam

Diaspora Engagement Affairs Directorate General with the Ministry, Demeke Atnafu, said that Ethiopians are participating in the overall growth and development of their country through investment, skills and knowledge transfer and foreign exchange schemes.

Mr Atnafu said more than 440 discussion forums have been organised by Ethiopian embassies abroad to mobilise over 43,000 members of the Ethiopian diaspora in different countries to scale up national consensus. New diaspora associations have been established and over 230 former associations strengthened.

Over 5,000 Diaspora bank accounts have been opened, saving over $25 million in the past eight months.

Over 600 members of the Diaspora have also registered to invest in Ethiopia and 234 of them have started running their own business so far, mostly in the manufacturing sector in the Oromiya Regional State.

With regards to skill and knowledge transfer, 93 members of the Ethiopian Diaspora have linked to 20 governmental sectors to assure health and engineering knowledge and skill transfer.

Diaspora members from the United Kingdom and the Netherlands are contributing to course and curriculum preparation and research and thesis advice for second degree and PhD candidates at Jimma and Bahir Dar Universities.

Diaspora
Prev Article Next Article

Latest News

Browse all
We are delighted to announce that Ethiopia will take part in this year’s World Travel Market, the leading global event for the travel industry, scheduled to take place from Monday 4th November – Wednesday 6th November at ExCeL London.
17 Oct 2019
Ethiopia at World Travel Market, London
The Office of the Prime Minister is pleased to express our pride in the selection of Prime Minister Abiy Ahmed as the 2019 Nobel Peace Prize Laureate. This recognition is a timeless testimony to the MEDEMER ideals of unity, cooperation, and mutual coexistence that the Prime Minister has consistently been championing.
11 Oct 2019
Statement from the Prime Minister’s Office following the announcement of the 2019 Nobel Peace Prize
The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2019 to Ethiopian Prime Minister Abiy Ahmed Ali for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighbouring Eritrea.
11 Oct 2019
Nobel Peace Prize awarded to Prime Minister Abiy Ahmed
The Government of Ethiopia affirms its position to advance the trilateral technical dialogue concerning the filling and operation of the Grand Ethiopian Renaissance Dam and will reinforce its efforts to realize the development of its water resource to meet the present and future needs of its people that deserve development and an adequate standard of living.
5 Oct 2019
Statement from the Government of Ethiopia following Khartoum round of trilateral talks on the Grand Ethiopian Renaissance Dam
A high-level delegation, led by President Sahle-Work Zewde, took part in this year's UN General Assembly in New York. President Sahle-Work delivered her maiden speech, since being elected President of Ethiopia in October last year.
30 Sep 2019
Ethiopia at the UN General Assembly
The annual meeting of ambassadors, heads of missions and senior officials offered an opportunity to take stock of the annual performance of the ministry. The previous year focussed on promoting peace and security and advancing economic integration in the Horn of Africa region.
30 Sep 2019
New Year, New Hopes and Renewed commitments
Alex Lewis and the Wild Wheelchairs team paid a courtesy call on Ambassador Fesseha ahead of their trip to Ethiopia, which will see Alex, a quadruple amputee, embark on a monumental challenge – ascending Ras Dashen, Ethiopia’s highest mountain.
27 Sep 2019
Alex Lewis and the Wild Wheelchairs team set off on their Ethiopian adventure
The Great Ethiopian Run has won the “Best International Road Race” award of The Challenge Awards. Dubbed ‘the Oscars of the endurance industry’, Challenge Awards is organised by one of the world’s biggest online entry platforms Let's Do This in partnership with Runner's World, the biggest specialist running magazine.
26 Sep 2019
Great Ethiopian Run wins “Best International Running Event”
Two blue plaques in honour of Emperor Haile Selassie’s life in Bath and visits to Weston-Super-Mare were unveiled on 22nd September by the Emperor’s grandson, Prince Michael Mekonnen. Other dignitaries including the Lord Mayor of Bath, Councillor Gerry Curran, were also in attendance.
25 Sep 2019
Blue plaques for Emperor Haile Selassie unveiled in Somerset
The Ethiopian Pulses, Oilseeds and Spices Processors-Exporters Association, in collaboration with the Federal Democratic Republic of Ethiopia Ministry of Trade and Industry, is hosting the 9th International Conference on Pulses and Oilseeds at Sheraton Addis Hotel in Addis Ababa, Ethiopia, on November 29 and 30, 2019. For further information, visit the conference website.
16 Sep 2019
International Conference on Pulses and Oilseeds in Ethiopia
On 12th September, Ethiopians from across the country and abroad ushered in the New Year – 2012 in the Ethiopian calendar. On the occassion, Ambassador Fesseha outlined the previous year's activities and projections for the next year.
11 Sep 2019
Ethiopian New Year Message from the Ambassador