Government of Ethiopia (Addis Ababa)

Ethiopia: UAE Diaspora Bought U.S.$2.5 Million in Bonds

Ethiopians living in the United Arab Emirates (UAE ) have so far bought US$2.5 million worth of bonds for the construction of the Grand Ethiopian Renaissance Dam (GERD). They have also pledged to buy another $ 95,000 worth of bonds.

Ethiopia's Consul General in the UAE, Misaganu Arega, speaking on the occasion of a festival held to celebrate the second anniversary of the beginning of the construction of the Dam, said "Ethiopians in UAE who rightly understood the significance of the GERD has been supporting the project in enthusiastic manner." This, he added, was "exemplary and showed that we can build the dam on our own".

Reiterating his appreciation, he said "the overall support and enthusiasm shown by the Ethiopian people as a whole reflects its desire to extricate the nation from poverty."

Ads by Google

Copyright © 2013 Government of Ethiopia. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.