Ethiopia working on new GERD proposal: Ethiopian officials are working on a new proposal for filling and operating the Grand Ethiopian Renaissance Dam and will present it soon to Egypt and Sudan, a source in Ethiopia’s Irrigation Ministry told local media. The dispute between Egypt and Ethiopia over access to the Nile’s water has escalated this month after Ethiopia abandoned talks in Washington, accusing the US of being biased in its mediation. “The new proposal is prepared in a way that will protect Ethiopia’s natural right on the use of the Nile waters and in line with international laws and ensures the benefits of the downstream countries,” the source said.
More from Enterprise
FM Abdelatty pitches SCZone to Brazilian and Indian investors
Plus: CIB gears up to launch digital bank Yomo in…
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…
Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads
The fintech pioneer taps Group CFO Abdelmeguid Afifi to run…