3rd GERD anniversary marked in Paris

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Addis Ababa, 16 April 2014 (WIC) – Members of the Ethiopian Diaspora residing in Paris and its environs marked the third anniversary of the launch of the Grand Ethiopian Renaissance Dam (GERD) on April 12, 2014.

More than 200 Ethiopians and foreign national of Ethiopian origin as well as friends of Ethiopia attended the program began by an opening remark of Ambassador Extraordinary and Plenipotentiary of Ethiopia to France, Nega Tsegaye.

The dam being built on Nile River has a significant contribution for the attainment of Ethiopia’s vision to join the group of middle income countries, Ambassador Nega said.

Ethiopia has registered a double digit economic growth of 11 per cent in the past 10 years on average as well as it managed to register a 10 per cent economic growth during the past 3 years of the GTP period, he said.
Every year Ethiopia’s power demand is increasing by 30 per cent due to its fast economic growth, “and the dam would help Ethiopia to earn foreign exchange by exporting power to neighboring country besides meeting its local demand,” he said.
The construction of the dam is going as per schedule and so far 27 billion birr was spent on the construction of which 7.1 billion birr was collected from the people, he said.

According to him, members of the Ethiopian Diaspora have so far contributed 435 million US dollars for the dam.

Ambassador Nega has finally called the Ethiopian Diaspora to benefit themselves and their country through purchasing the Grand Ethiopian Renaissance Dam bond.