Ethiopian-Canadians in Vancouver purchased $80,000 USD for the Grand Ethiopian Renaissance Dam
GERD Support, Vancouver Chapter
Tigrai Online April 08, 2013
Energy chief Alemayehu Tegenu said the plan's centerpiece - the $4.1 billion-Grand Renaissance Dam along the Nile River in the western Benishangul-Gumuz region - was on course to be completed on time in 2015.
VANCOUVER, BC, April 8, 2013 -- Ethiopian-Canadians residing in the greater Vancouver area donated and purchased bonds in the amount of around $80,000 USD for the Grand Ethiopian Renaissance Dam (GERD) through a local organizing committee.
Those who participated in the bond purchase and donation received their guaranteed certificates and thank you letters from the organizing committee at the meeting held on March 24, 2013 in Vancouver. For meeting pictures and videos, check the Vancouver organizing committee's website: http://EthiopianGrandDam.WordPress.com
The Ethiopian government launched the bond sales for the GERD project using the Ethiopian Electric Power Corporation as bond issuer in 2011; and since then Ethiopians with in Ethiopia and all over the world have been purchasing bonds and donating money towards the project. The GERD project bond -- offered to all Ethiopian citizens and also to Ethiopia-born individuals who are citizens of other countries -- was spearheaded by the late prime minister of Ethiopia, Meles Zenawi.
Tweet this: #Ethiopians in #Vancouver, BC, @EthioAbayBC invest $80,000 USD on #GERD #Grand #Ethiopian #Renaissance #Dam Project - http://goo.gl/iaVeW
Supporting Quotes
“The Vancouver area Ethiopians have taken the importance of the GERD project wholeheartedly and have supported the project in a very enthusiastic manner,” says Mr. Estifanos Tesfay, Diaspora Counselor at the Ethiopian Consulate General in Toronto. "Our hope is that every Ethiopian in Canada sees the tremendous progress Ethiopia has made towards the development of the country so far, and seizes this opportunity to participate in building our country by investing in the GERD project. The project is under budget and as of March 31, 2013, it is 20% completed; and is expected to be fully completed in 2015."
"Ethiopians all over the world have joined forces to fund the development of the Grand Ethiopian Renaissance Dam, and this is very evident in the amount of money raised for the project", says Freweyni Tesfay, GERD organizing committee chairperson for Vancouver chapter. "Even though $80,000 USD is smaller amount compared to what other Ethiopian Diaspora groups have been able to invest on this project, the amount is significant based on the number of Ethiopians residing in the Vancouver area -- as compared to other major cities like Toronto, Montreal, Calgary and Edmonton; and it further shows that we can build the dam on our own without the financial help of other countries or external financial institutions”.
Read More at the GRERD support site
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