Private Bank Purchases 1 Mln Birr Bond for GERD

Addis Ababa June 14/2018 The private-owned Zemen Bank purchased 1 million birr Grand Ethiopian Renaissance Dam Bond today. Zemen Bank CEO, Dereje Zebene said the completion of the dam will significantly contribute to the economic development of the country which in turn creates fertile ground for the expansion of banks and other financial sectors. He stated that staff members of the bank had contributed one month salary each by purchasing bond for the dam. Office of National Council for the Coordination of Public Participation on the Construction of the Grand Renaissance Dam Deputy Director-General, Tagel Kenubih appreciated Zemen Bank for its contribution and urged other banks, financial institutions, and investors to follow in its footsteps. Tagel noted that purchasing the bond will not only contribute for the construction of the dam but also promotes saving culture.