Ethiopian Diaspora Trust Fund Raises Half a Million Dollar

Date:

Share post:

Ethiopian Diaspora Trust Fund (EDTF) an initiative which was established nearly six months ago raises half a million dollar in just six weeks campaign. The trust fund was started following PM Abiy challenge call for the diaspora to at least contribute one dollar a day from their daily macchiato expense.

According to EDTF “The Fund aims to finance projects that meet critical needs selected based on their potential to make the highest positive impact on groups and communities in Ethiopia in such areas as health, education, water and sanitation facilities, habilitation and rehabilitation of persons with disability, agricultural development, technology, small-scale entrepreneurship and other income and employment generating projects. The EDTF will give priority attention to projects focusing on youth, women, smallholder farmers, small enterprises and entrepreneurs, who can be agents of inclusive social and economic development.”

Already 3000 donors contributed for the campaign and breaking down the demography of the donors who contributed for the Trust fund the United States leads with 83.19% of the total donation followed by Canada, Germany, and Kenya. Also the leading donations by states in the US: Maryland, California, and Virginia.

To learn more about EDTF recent fundraising you can follow the following link.

Addis Insight
Addis Insighthttps://www.addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

Related articles

Banks Fight for Dollars: Birr Plummets Near 160/USD in Massive NBE Auction

ADDIS ABABA — The National Bank of Ethiopia (NBE) today concluded its highly anticipated special foreign exchange auction,...

6 African Airlines Now Led by Ethiopian Aviation Executives

On April 8, 1946, a modest fleet of five surplus postwar Douglas C-47 aircraft took off from Addis...

National Bank of Ethiopia Announces Massive $500 Million Special FX Auction

ADDIS ABABA — In a major move to inject deep liquidity into the financial sector, the National Bank...

MEXC Delists ETB, Finalizing the Global Exchange Exodus From Ethiopia

The financial landscape for cryptocurrency traders in Ethiopia has been dealt a defining blow. According to an official...