Over 1 Million Birr Raised in Second Round Bond Sale

21 Jun 2014

Diaspora Ethiopians residing in the UK have raised £33,200 (1,095,600 Birr) in Grand Ethiopian Renaissance Dam (GERD) bonds in the second bond-selling event organized at the Ethiopian Embassy in London.

The Tigray Women’s Association in the UK pledged £10,900.

It is to be recalled that during the commemoration of the third anniversary of the launch of the GERD on 12th April, Ethiopians residing in the UK bought bonds worth £97,420 (3.2 million Birr). This brings the total money raised since April to £130,620 (4.3 million Birr).

Speaking at the Bond Selling Day, Ethiopian Ambassador to the UK, H.E. Berhanu Kebede urged compatriots to rise to the occasion and mobilize resources for the construction of the Hidasse Dam, a symbol of the bright future and reawakening of Ethiopia.

Energy is critical to feed and supply power to Ethiopia’s fast-growing economy, and having carried out a number of grand projects including the Tekeze, Tana Beles and the Gilgel Gibe dams on their own, Ethiopians have now assumed greater responsibilities with a growing self-reliance and confidence that has given momentum the pro-poor economic development and transformation in the country.

As one of the ten fast growing economies in the world, Ethiopia has plans to fast-track the manufacturing industry on the back of the structural transformation in agriculture, hydropower, telecommunications and infrastructure, and the provision and expansion of education and health facilities.

The Grand Ethiopian Renaissance Dam, which eventually will generate about 6,000MW of power, is one of the mega projects embodied in the five-year Growth and Transformation Plan (GTP), drawn to expedite the fight against poverty and backwardness.

The event was attended by hundreds of community members and invited guests, who enjoyed delicious national cuisines, music, recital of poems and socializing.

Members of the Ethiopian community displayed enthusiasm and commitment to the national development strategies, which have lifted millions out of poverty. They made a solemn declaration to deploy a multi-faceted fund mobilization scheme for the construction of the Renaissance Dam and pledged support to the nation building in all spheres of endeavour including investment, trade, tourism, transfer of skills and knowledge.

Diaspora
Prev Article Next Article

Latest News

Browse all
Leading Ethiopian botanical scientist, Professor Sebsebe Demissew, has been elected as a Foreign Member of the Royal Society, becoming the first ever Sub-Saharan African scientist to be elected in the Society’s 357-year history. Professor Sebsebe is recognised for his lifelong work on promoting Ethiopian biodiversity.
20 Jul 2018
Prof. Sebsebe becomes first African Foreign Member of the Royal Society
Further to PM Abiy’s recent call to the Ethiopian diaspora to contribute $1-a-day to the transformation and development of a better Ethiopia, the Commercial Bank of Ethiopia has officially opened a bank account to support the operation of the “Ethiopian Diaspora Trust Fund”.
18 Jul 2018
Ethiopian Diaspora Trust Fund account officially operational
Statements from UK and US governments, the African Union, Europian Union and the United Nations Security Council, with regards to the historic peace deal between Ethiopia and Eritrea.
17 Jul 2018
Ethio-Eritrea Peace Deal: The World Reacts
In a historic visit to Asmara, Ethiopia’s Prime Minister Abiy Ahmed and President Isaias Afewerki of Eritrea signed a Joint Declaration of Peace and Friendship ending 20 years of hiatus. This landmark visit led to the restoration of diplomatic relations between the two nations.
16 Jul 2018
Ethiopia and Eritrea enter new chapter of cooperation following historic peace deal
The Embassy has recently been made aware of some people engaging in fraudulent acts of soliciting money for the Diaspora Trust Fund, which is still in the process of being set up. Please do not to fall victim to any scams, the Embassy will officially announce the launch of the Trust Fund once it has gone public.
13 Jul 2018
IMORTANT NOTICE: DIASPORA TRUST FUND
London-based British artist Catherine Chambers’ portrait of her Ethiopian friend, Girma, is currently on display at the Royal Academy Summer Show, which runs until 19th August. In an exclusive with the Embassy, Catherine talks to us about her paintings and her love for Ethiopia.
10 Jul 2018
London Artist’s portrait of Ethiopian on display at the Royal Academy Summer Show
More than 300 guests attend a garden party to celebrate Ethiopia’s National Day, which commemorates the triumphant entry of EPRDF forces into Addis Ababa on 28th May 1991.
7 Jun 2018
National Day celebrated at time of renewal
From June 1, all international visitors to Ethiopia can apply for their visa online. This new initiative will promote tourism, trade, and investment to the country.
5 Jun 2018
Ethiopia launches e-visa service to all international visitors
The triumphant entry of the EPRDF forces into Addis Ababa on 28th May 1991 marked the closing of a turbulent chapter of Ethiopia’s history, and the opening of a new one that paved the way for the adoption of an all-inclusive federal and democratic system.
27 May 2018
Reinvigorating Democracy Through Reform
Manchester Airport secures landmark route into the heart of Africa, underlining its pivotal role in connecting the North to the world’s most important markets. Ethiopian Airlines will operate a four-times-a-week service to Addis Ababa from 1st December 2018.
14 May 2018
Ethiopian Airlines comes to Manchester Airport opening up Africa to the North
PM Abiy Ahmed's tenure as Prime Minister of Ethiopia has been characterised by a renewed sense of hope and determination in the country. In an effort to address public grievances the new Prime Minister has engaged in a series of public consultations while setting out the vision for reform going forward.
8 May 2018
Premier appoints new Cabinet, sets out early Reform Priorities