The Nile Basin Initiative (NBI) reportedly said that it rejected Egypt’s request to join the Entebbe Agreement since the country still believes in its right to a larger share of the Nile’s water, Al Shorouk reports. Egyptian officials dismissed the statements, denying ever having asked to sign the pact. Instead, they said, Egypt has been trying to find a way to cooperate with NBI countries outside of the Entebbe Agreement and has been in talks to reactivate its NBI membership.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…