18 August 2014

Ethiopia: Council Introduces New Fundraising Schemes for Gerd

The government of Ethiopia has introduced new methods to raise funds locally for construction of the Grand Ethiopian Renaissance Dam, a multi-billion dam being built over River Nile.

Selling bonds was the main fundraising method the government has been using so far.

Now the National Council for the Coordination of Public Participation on the Construction of the Dam has introduced two programs to raise funds - mobile SMS and lottery.

The Council has signed agreement with Fana Broadcasting Corporate, a radio broadcaster, to raise funds using mobile SMS.

The SMS fundraising program which will last for six months is expected to be launched soon.

Deputy Director of the Council, Zadig Abraha on the occasion said the program would create opportunity for the public to contribute for the construction of the dam.

Cars, TV, laptops, refrigerators, bicycles, apartment and mobile apparatus, donated by various private companies, will be used as prizes for winners of SMS and lottery, introduced to enhance the participation of the public for the construction of the dam.

Director General of Fana Broadcasting Corporate, Woldu Yemsel for his part said his organization will cover running costs for the SMS program.

He urged the public to actively participate in the fundraising.

The Council proposed SMS and lottery to raise funds to reach low-income citizens who don't have capacity to buy saving bonds.

- Ethiopian News Agency

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