Amidst a jubilant atmosphere, the launch of a nationwide Grand Ethiopian Renaissance Dam (GERD) bond-selling week commenced in Addis Ababa today, heralding a new chapter in Ethiopia's journey towards energy independence and national pride.
Addressing the audience, Hailu Abraham, the Public Relations and Media Communication Director at the GERD Coordination Project Office, shared ambitious goals, expressing hopes of raising a staggering 100 million Birr during the week-long event. This initiative, he emphasized, is not merely a financial endeavor but a testament to the collective vision and determination of the Ethiopian people.
Collaboration with institutions such as the Development Bank of Ethiopia and the Commercial Bank of Ethiopia underscores the nationwide solidarity behind the GERD project. These institutions, alongside others, have meticulously prepared to facilitate the bond sale, coinciding with the auspicious 13th anniversary of the dam's inception.
Reflecting on the remarkable journey thus far, Hailu lauded the indispensable role played by the Ethiopian populace, whose unwavering support has propelled the GERD project to its current stature. It is their dedication and unwavering commitment that has seen the dam's construction soar to an impressive 95% completion rate.
However, Hailu's appeal for continued support echoes the sentiment that the journey is far from over. With the steadfast backing of both the public and the government, the final stages of the grand dam's construction are within reach. Every Birr contributed is a testament to Ethiopia's resilience and determination to forge ahead, undeterred by challenges reported ENA.
The significance of this endeavor is further underscored by the substantial funds already raised over the past 13 years, totaling over 19 billion Birr. This remarkable feat, achieved through diverse fundraising mechanisms, is a testament to the unwavering spirit of the Ethiopian people and their unwavering belief in the transformative power of the GERD.