Private Bank Purchases 5 Million Birr GERD Bond


Addis Ababa April 8/2021 (ENA) Berhan Bank has purchased 5 million Birr bond to support the construction of the Grand Ethiopian Renaissance Dam (GERD).

At a ceremony held today, Berhan Bank President Abraham Anaro said the bank has been making contributions in donation and bond purchase since its commencement.

“The accomplishment of GERD is the fulfillment of the dream of all Ethiopians,” he noted, adding that “we feel happy as the construction of the dam has reached a critical stage.”

Office of the National Council for the Coordination of Public Participation to the Construction of GERD Director-General, Aregawi Berhe commended the bank for its contribution at this critical time.

He further extended his appreciation to all those that had contributed in bond purchase and donation to finance the construction of dam which is now 79 percent completed.

The public has contributed 15 billion 352 million Birr since the commencement of the construction of GERD, according to Aregawi.

Meanwhile, 1 billion 672 million Birr has been collected from the public during the last 9 months, it was learned.

The director-general finally called on banks, insurance companies, factories and various institutions as well as  the general public to renew their commitment and purchase bonds and contribute in cash.