Grand Ethiopian Renaissance Dam
The Grand Ethiopian Renaissance Dam (GERD) is estimated to cost close to 5 billion US dollars, about 7% of the 2016 Ethiopian gross national product. The lack of international finance for projects on the Blue Nile River have had long been alleged to Egypt’s persistent campaign to maintain presumed hegemony on the Nile water share. Ethiopia has been forced to finance the GERD with crowd funding through internal fund raising in the form of selling bond and persuading employees to contribute a portion of their incomes. Contributions are made in the newly official website confirmed by the verified account of the Office of the Prime Minister of Ethiopia