5 February 2013

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."

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