EconomyLens.com
No Result
View All Result
Thursday, October 2, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Ethiopia’s mega dam on the Nile ‘now complete’: PM

David Peterson by David Peterson
July 3, 2025
in Economy
Reading Time: 5 mins read
A A
1
88
SHARES
1.1k
VIEWS
Share on FacebookShare on Twitter

The Grand Ethiopian Renaissance Dam (GERD) is considered Africa's largest hydroelectric project. ©AFP

Addis Ababa (AFP) – Ethiopia’s Prime Minister Abiy Ahmed on Thursday said a multi-billion-dollar mega-dam on the Blue Nile that has long worried neighbouring countries is complete and will be officially inaugurated in September. The Grand Ethiopian Renaissance Dam (GERD), launched in 2011 with a $4-billion budget, is considered Africa’s largest hydroelectric project, stretching 1.8 kilometres (just over one mile) wide and 145 metres (475 feet) high.

Related

US farmers hit by trade war to get ‘substantial’ aid: Treasury chief

Spain hosts record number of summer tourists

G7 ministers to target those increasing Russia oil purchases

Supreme Court blocks Trump from immediately firing Fed governor

EU eyes higher steel tariffs, taking page from US

Addis Ababa says it is vital for its electrification programme, but it has been a source of tensions with downstream nations Egypt and Sudan, who worry it will affect their water supply. Speaking in parliament, Abiy said GERD “is now complete, and we are preparing for its official inauguration.” “To our neighbours downstream — Egypt and Sudan — our message is clear: the Renaissance Dam is not a threat, but a shared opportunity,” he added. “The energy and development it will generate stand to uplift not just Ethiopia.”

The country first began generating electricity at the project, located in the northwest of the country around 30 km from the border with Sudan, in February 2022. At full capacity, the huge dam can hold as much as 74 billion cubic metres of water and could generate more than 5,000 megawatts of power — more than double Ethiopia’s current output. The east African nation is the second most populous on the continent, with a rapidly growing population currently estimated at 130 million, and has growing electricity needs. Around half of its people live without electricity, according to estimates earlier this year by the World Bank.

– Opposition – Egypt and Sudan have voiced concerns about GERD’s operation without a three-way agreement, fearing it could threaten their access to vital Nile waters. Negotiations have failed to make a breakthrough. Egypt, which is already suffering from severe water scarcity, sees the dam as an existential threat because it relies on the Nile for 97 percent of its water needs. Earlier this week, Egyptian President Abdel Fattah al-Sisi and Sudan’s de facto leader Abdel Fattah al-Burhan met and “stressed their rejection of any unilateral measures in the Blue Nile Basin.” According to a statement by Sisi’s spokesman, the two are committed to “safeguard water security” in the region.

But Abiy said Addis Ababa is “willing to engage constructively,” adding that the project will “not come at the expense” of either Egypt or Sudan. “We believe in shared progress, shared energy, and shared water,” he said. “Prosperity for one should mean prosperity for all.”

© 2024 AFP

Tags: ethiopiainfrastructurerenewable energy
Share35Tweet22Share6Pin8Send
Previous Post

Strike by French air traffic controllers disrupts summer travel

Next Post

Stock markets, dollar steady before US jobs data

David Peterson

David Peterson

Related Posts

Economy

ECB chief says eurozone weathering Trump tariff storm

September 30, 2025
Economy

US tariffs on lumber imports set for October 14

October 1, 2025
Economy

Germany’s Lufthansa to slash 4,000 jobs as headwinds mount

September 29, 2025
Economy

Germany’s Lufthansa to slash 4,000 jobs by 2030

September 29, 2025
Economy

China at UN warns of return to ‘Cold War mentality’

September 26, 2025
Economy

US Fed’s preferred inflation gauge rises, with more cost pressures expected

September 26, 2025
Next Post

Stock markets, dollar steady before US jobs data

Strike by French air traffic controllers disrupts summer travel

Tesla reports lower car sales, extending slump

UK's Starmer backs finance minister after tears in parliament

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

79

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US Treasury chief says ‘fully prepared’ to support struggling Argentina

October 2, 2025

US farmers hit by trade war to get ‘substantial’ aid: Treasury chief

October 2, 2025

US stocks end at records as government shutdown drags on

October 2, 2025

Boom or bubble: How long can the AI investment craze last?

October 2, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.