Ethiopia Announces Diaspora Trust Fund Bank Account

ADDIS ABABA (Semonegna)–The Government of Ethiopia has announced the bank account of the Ethiopian Diaspora Trust Fund (DTF) on July 18, 2018.

DTF is a recent call by Prime Minister Abiy Ahmed for the global Ethiopian diaspora to contribute as little as $1-a-day to the transformation and development of a better Ethiopia, saying that if the Ethiopian Diaspora contributes one dalar per day for a year or two, it is possible that Ethiopia would have sufficient number of high schools for students and as many hospitals as needed for Ethiopian mothers. He further promised that the every dollar the comes to the DTF account will never go to any other service or project rather fully used for the benefit of the public.

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According to the Office of the Prime Minster, the bank account for the Ethiopian Diaspora Trust Fund has been opened at the Commercial Bank of Ethiopia (CBE). A press statement was given by Ato Ahmed Shide, Government Communication Affairs Office Minister, and Ato Bacha Gina, President of CBE.

The account opened in the name of “Ethiopian Diaspora Trust Fund” is as follows in detail

Account Name: Ethiopian Diaspora Trust Fund
Account Number: 1000255726725
Bank Name & Address: Commercial Bank of Ethiopia, Addis Ababa, Ethiopia. P.O. Box 255. Tel: +251 (0)11 5515004, +251 (0)11 5515000

You can download the official letter by clicking here.

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Ato Fitsum Arega, Prime Minster Office’s Chief of Staff tweeted on the same day that, “The Prime Minister Office will provide regular update. The account is now active. No doubt Ethiopians all over the world will make the initiative a success.” Ato Fitsum also expressed how much Ethiopians living aboard are motivated by this initiative by mentioning one particular individual, as an example, who has already contributed he part to the Fund. In his tweet, At Fitsum said, “A civic minded & patriotic, Dr Tesfaye Mekonnen from USA wrote a heartfelt letter to the PM. Dr Tesfaye said he wants to pay off the “debt” he owes #Ethiopia since the PM’s announcement of the Diaspora Trust Fund ( DTF). The PM read it. We will share further update on the DTF.”

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Semonegna.com