The United States announced the freezing of $130 million worth of aid to Ethiopia. The measure is to pressure the country as part of the negotiations for the Grand Ethiopian Renaissance Dam (GERD).
The Trump administration, which has so far acted as a mediator in this tripartite dispute, wants to pressure parties into showing more flexibility in talks. The frozen resources were initially earmarked for security, counter-terrorism, and anti-human trafficking programs.
Indeed, the new measure reflects the impasse currently facing these Egyptian-Ethiopian negotiations led by the USA. Addis Ababa has consistently accused Washington of siding with Cairo, one of its traditional allies, and has suspended talks, calling on the African Union to moderate the dispute.
The USA, for its part, blames Ethiopia for having decided to fill the dam's water reservoir when a final agreement has not yet been reached with its neighbors. "The dam is ours! We will finish it together! With our efforts, our Ethiopia will shine!” said Fitsum Arega, the Ethiopian ambassador to the United States, who announced that he had officially sent a request for an explanation to the U.S. State Department.
As a reminder, the Renaissance Dam is a private-equity funded infrastructure built by Ethiopia (more than $4 billion) on the Blue Nile, which Egypt depends on its freshwater supply.
Moutiou Adjibi Nourou
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
World Bank to mobilize $550 million for Kenya road project Project to upgrade 508 km, boosting regional trade links Corridor to cut...
Egypt signs deal on $100 million dry port with EDECS, MEDLOG Facility aims to ease port congestion, shift freight from road to...
NSIA Banque CI, OEC-CI sign three-year SME support partnership Deal offers financing, training, and support for accountants and SMEs Aims to improve...
This week in Africa, health news highlights progress in kidney disease research, new investments in health security, and efforts to strengthen...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...