New ways of fund raising for Renaissance Dam

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Addis Ababa, January 31 (WIC) - The National Secretariat of the Grand Ethiopian Renaissance Dam (GERD) has announced that it will be introducing new ways of fund raising to help finance the construction of the Renaissance Dam.

A special lottery and musical concerts are among the new fund raising methods which will be introduced shortly. The Secretariat also plans to collect 1 billion birr through Short Text Messages.

Fekadu Ketema, Public Relations Head of the Secretariat, told reporters that from the total of 11.127 billion pledged so far, 4.1 billion birr has been collected.

Government and private employees have contributed 1.8 billion birr and started a second round of pledges of their monthly salaries.

Speaking about the progress of construction at the Dam, Fekadu said that as of November just over 14% of construction had been completed and by the end of the year the project would be 26% complete.