Abay by Melaku Zelalem

Great Millennium Dam moves Ethiopia The Millennium Hydroelectric Power Project has officially started construction. Prime Minister Meles Zenawi vowed for all Ethiopians to be involved in what he calls “Ethiopia’s contribution to the region”: a 3.3 billion euro dam, fully financed by Ethiopia. Both positively and negatively, the launching of what is to be the largest dam on the African continent has moved Ethiopians all over the country. The central bank of Ethiopia issued bonds in order to raise funds for the construction of the Great Millennium Dam. The Labor Union of Sheraton Addis Hotel, one of the luxury facilities in the hospitality business of Ethiopia, announced that its members will buy bonds valued over 800000 birr. The union has over eight hundred members. Abreham Hagos, Head of Finance at the labor union told Capital that the members of the union will buy at least two bonds per head valued at five hundred birr each. “This project is one of the most valued milestones in the 21st century Ethiopia, it is a national call, and it needs national response” he said. In a related development, the workers of Adika Tour and Travel Plc have come to terms with the management of the company to withdraw some portion of their provident fund to buy a bond. The company has 91 staff members. Ashenafi Zeleke, General Manager at Adika Communications and Events, a sister company of Adika Tour and Travel, told Capital that workers at their companies will buy bonds worth 500000 birr …