Corporation Purchases a 20mln Birr Bond of GERD

Addis Ababa, October 7, 2021 (FBC) – Federal Houses Corporation has purchased Grand Ethiopian Renaissance Dam (GERD) bonds worth 20 million Birr in order to help accelerate its construction.

Director of Public Participation Coordination Office on the Construction of the dam, Aregawi Berhe (PhD), extended his gratitude to the corporation for the purchase it made.

He also called on others to follow suit.

Executive officer Reshid Kemal said that Federal Houses Corporation continues supporting the construction of the dam until its completion.

He noted that his corporation last year purchased a 20 million Birr GERD bonds, same sum with this one.

GERD construction by now is said to reach at 80% completion.