ADDIS ABABA – Over the past six years, around 500 members of the Ethiopian Diaspora have invested in projects worth 30 billion Birr, according to the Ethiopian Diaspora Service (EDS). This investment surge has created thousands of jobs and contributed significantly to the nation’s development.
EDS Communication Director Wondoson Girma stated that the Diaspora’s involvement extends beyond investment to include technology and skill transfer, public diplomacy, and remittances. “About 700 Diaspora members have provided training in health, human resources, and education, and donated medical equipment,” he noted.
Ethiopia receives an average of four to five billion USD in remittances annually from the Diaspora community, a figure that continues to grow alongside their investment participation. Wondoson also mentioned that recent macro-economic reforms have opened new opportunities for Diaspora engagement in trade, further boosting their contribution to the economy.
Despite these efforts, the country is not yet fully capitalizing on the Diaspora’s potential, though ongoing initiatives aim to maximize these benefits. Additionally, the Diaspora has supported the construction of the Abbay Dam, purchasing bonds and providing in-kind contributions totaling 1.5 billion Birr since the project’s inception.
The Ethiopian Diaspora Association Deputy President Demeke Negasa emphasized the significant role the Diaspora plays in investment, social, and political spheres. “They are leaving a lasting legacy in infrastructure development and supporting healthcare facilities,” he said. Demeke urged the Diaspora to set aside political differences and focus on national interests, such as agriculture and medicine, to further aid their homeland.
The association is actively working with government agencies to create a conducive environment for Diaspora engagement, aiming to improve service delivery to returning members. Diaspora Association Board Advisor Ermias Mekonnen highlighted that the Diaspora can significantly benefit their country through knowledge transfer and investment, regardless of their political views. “They should focus on developing our nation and provide support through knowledge or financial means,” he stated.
BY MISGANAW ASNAKE
THE ETHIOPIAN HERALD THURSDAY 29 AUGUST 2024
