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
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
S&P Global Ratings ranked 25 African sovereigns by exposure to the Middle East war on April 23 When read against IMF and World Bank reports issued in...
Guinea launches MPS30, MPS32 to reform higher education system Projects aim to align curricula with labor market needs Low graduate employment drives...
Guinea plans second subsea cable via Medusa to boost resilience MoU expected May 6; system capacity designed at 480 Tb/s Move aims to cut costs,...
Desert Gold launches 4,250m drilling at SMSZ project in Mali Program targets resource expansion across five priority prospects Campaign supports...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...