Shoukry says Ethiopia talks on GERD were “positive”: Foreign Minister Sameh Shoukry said talks with Ethiopian Prime Minister Abiy Ahmed this week in Addis Ababa over the grand Ethiopian Renaissance Dam (GERD) had yielded positive results, Al Shorouk reports. The minister did not discuss any details, adding only that Ethiopia showed willingness to take steps that would benefit all the parties involved in the issue. Egypt and Ethiopia had agreed in June on adopting a “joint vision” on GERD’s construction, which would see Ethiopia catering its timeline of filling the dam to Egypt’s needs in exchange for economic cooperation. The two sides also looked into activating a joint investment fund that will be set up alongside Sudan to finance infrastructure projects.
More from Enterprise
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…