Ethiopian Diaspora Trust Fund Ready to Start Fundraising From Ethiopians Abroad



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Ethiopian Diaspora Trust Fund, initiative of the Ethiopian Prime Minister, is now ready to raise funds from the Ethiopian diaspora to support development efforts in Ethiopia

  Ethiopian Diaspora Trust Fund

borkena
July 18 , 2018

A few weeks after popular Ethiopian Prime Minister Abiy Ahmed announced his intention to engage Ethiopians in the diaspora by mobilizing financial support to help develop Ethiopia, Fitsum Agega, chief of Staff, reported on the bank account of the Ethiopian diaspora. Prime Minister's Office, updated Ethiopians about the trust fund on his twitter page.

Here is an update and bank details of #Ethiopia Diaspora Trust Fund. The Prime Minister's Office will provide regular updates. The account is now active. There is no doubt that Ethiopians around the world will make this initiative a success. pic.twitter.com/ys76m2BjuS

– Fitsum Arega (@fitsumaregaa) July 18, 2018

The account is opened at the Commercial Bank of Ethiopia and the account number is disclosed as 1000255726725 – According to the report of Fana Broadcasting Corporation

International money transfer agencies like Western Union and Money Gram must be used to help the trust fund collect money from Ethiopians.

About three million Ethiopians live in different parts of the country. world, including Europe, North America and Australia. In 2016, Ethiopia received more than 4 billion US dollars of funds from Ethiopians living abroad.

Prime Minister Abiy Ahmed presses Ethiopians in the diaspora to spend a dollar a day on development work in Ethiopia. He visits two US cities, Washington DC and Los Angeles, at the end of this month for the sole purpose of meeting Ethiopians and discussing the situation in the country.

Ethiopians canceled the Ahmed remittances embargo

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