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Ethiopia

Uncomfortable Truths

The Great Ethiopian Renaissance Dam Bond – An Invitation
“ All Ethiopians and Ethiopian Origins who are committed and determined to the growth and

development of their country- Ethiopia, those who would like to see an electrified and
industrialized Ethiopia and an interconnected and stable region through the 6000 Mega watt

power generated from the Great Ethiopian Renaissance Dam are invited to make their bond
savings by transferring following the steps indicated below: “

"The Great Ethiopian Renaissance Dam Bond – An Invitation" 150
The Embassy of the Federal Democratic Republic of Ethiopia – Canberra Australia. (February
2014)

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Dam Rising in Ethiopia Stirs Hope and Tension
" Ethiopia is a poor country, often known best for its past famines, but officials say the dam will

be paid for without foreign assistance -- a point of national pride. Computer-generated images
of the finished structure are framed in government offices, splashed across city billboards and

broadcast in repeated specials on the state-owned television channel.
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Ethiopia, one of the world's fastest-growing economies, has poured its resources into a slew of
megaprojects in recent years, including dams, factories, roads and railways across the country.

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In Ethiopia, Africa's second most populous nation, constant power shortages stifle economic

growth. The hydropower plant is expected to bring the country's electricity generation to more
than triple its current capacity.
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"But in the long term, the investment is likely to pay off well," Mr. Moller added, noting that
Ethiopia's plan to sell excess energy to neighboring counties could bring in about $1 billion in

annual export revenue starting in 2021, four years after the dam is scheduled to be completed.
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More than $357 million spent so far has come from Ethiopians, both domestically and abroad,
who have been encouraged to donate money or purchase bonds, according to Mr Zadig.”

"Dam Rising in Ethiopia Stirs Hope and Tension" 151
Fortin, Jacey, The New York Times (October 2014)

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Ethnic Federalism and Political & Ethnic Instability

“ Ethiopia, after Eritrea's breakaway, can claim credit for being the only African country trying to
confront head-on the challenge of tribalism or ethnicity by recognizing territorially based ethnic

groups, granting them not only a large measure of autonomy, but also the constitutional right