Sudan to mediate GERD dispute: Sudan will step in and act as the mediator for an agreement between Egypt and Ethiopia over the Grand Ethiopian Renaissance Dam (GERD), the Associated Press reported the deputy head of the country’s governing council as saying yesterday. General Mohamed Hamdan Dagalo said the Sudanese government will work to “reach an agreement” in the long running dispute following two days’ of talks with President Abdel Fattah El Sisi in Cairo. Tensions have risen between the two states in past weeks after Ethiopia walked out of US-backed talks at the end of February, saying that it needed more time to consider the draft agreement and later accusing the US of being biased in favor of Cairo.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
EGX30 erases March losses with 14.2% April surge
The rally piled on roughly EGP 433 bn in market…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…