Ethiopia after US for answers on possible halt to aid: The Ethiopian government is seeking clarification for recent reports that the US could withhold some USD 130 mn-worth of assistance programs to the African nation in order to mediate its dispute with Egypt and Sudan over the Grand Ethiopian Renaissance Dam (GERD), Fitsum Arega, the country’s ambassador to the US said on Twitter. An explanation was due to be issued yesterday evening, Arega claimed. Foreign Policy quoted USD officials and congressional aides last weekend as saying that Secretary of State Mike Pompeo has signed off on plans to suspend US funding to Ethiopia for security, counter-terrorism, and anti-human trafficking. This came as the GERD talks reached yet another impasse last Friday, when the negotiating irrigation ministers failed to see eye-to-eye during a meeting to resolve sticking points on the filling and operating the dam.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…