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Over 780 million birr has been raised for the Grand Ethiopian Renaissance Dam in the last nine months

More than 780 million 936 thousand birr has been collected for the construction of the Grand Ethiopian Renaissance Dam in the first nine months of the current fiscal year, according to the office of the National Council for the Coordination of Public Participation in the construction of the Grand Ethiopian Renaissance Dam. Hailu Abraham, Director General of the Office's Public Relations, told Bisrat Radio.

More than 242 million birr was collected from the Diaspora and more than 398 million birr was collected from domestic bond sales and donations. As of 2014, over 16 billion 509 million birr has been collected from domestic, foreign and bond sales and various revenues.

The Grand Renaissance Dam Coordination Project Office held a bond week from March 20 to April 5 with the support of the community.

Cement manufacturing companies in Ethiopia are producing only 60 percent of their production capacity

According to Dr. Guta Legesse, Director General of the Ministry of Mines and Petroleum, in addition to Dangote Cement Factory, less than 60 percent of all cement production facilities in Ethiopia are producing.

He added that the current rise in prices in the cement market has also created a shortage of inputs among manufacturers.

He also said that the fact that traders from cement factories are earning more than 30 percent in addition to their expected profit margin is up to 80 percent.

Dr. Gutu also told Bisrat Radio that work is underway to address the shortage of inputs, gaps in the supply chain and to address the shortage of inputs.

Bethlehem Eshetu