27 August 2014

Ethiopia: Ethio Nipon Donates Automobile for GERD Fundraising

The National Council for the Coordination of Public Participation on the Construction of the Grand Ethiopian Renaissance Dam (GERD) got an automobile valued at 570,000 Birr in donation to be used as a prize for the proposed SMS and lottery fundraising program.

The government introduced the new program to raise funds locally for the GERD project, a multi-billion dam being built over River Nile, in addition to the selling of bonds.

Raising funds using mobile SMS and lottery are the programs introduced by the Council.

Various private companies are donating cars, TV, laptops, refrigerators, bicycles, apartment and mobile apparatus to be used as presents for winners of the SMS and lottery programs, introduced to enhance the participation of the public for the construction of the dam.

Ethio Nippon is one of the companies that donated cars. Company General Manager Birhanu Yoseph said on the occasion that his company will continue to provide assistance until the completion of the dam.

The company has also purchased saving bonds worth 282,000 Birr previously, he said.

Deputy Director-General for the Office of the Council, Zadig Abreha, said Ethiopian businesspersons have been supporting the construction of the dam starting from the beginning through providing finance and by mobilizing the public.

Currently, the Council is actively engaged in resource mobilization, by rallying the general public and the Diaspora.

The Council this month signed agreement with Fana, a radio broadcaster, to raise funds using mobile SMS; the broadcaster will cover the cost related to the SMS service.

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

The Council proposed mobile SMS and lottery to raise funds to reach low-income citizens who do not have capacity to buy saving bonds.

Niyala Motors, Ethiopian Motor Corporation (Moenco), Riyes Engineering, Metal & Engineering Corporation (METEC), Marathon Motors Company & Equatorial Business Group offered 6 modern vehicles previously for the new fundraising program.

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