Back to the complete issue
Monday, 11 June 2018

Have Egypt and Ethiopia finally reached middle ground on GERD?

Have Egypt and Ethiopia finally reached middle ground on GERD? Egypt and Ethiopia agreed on adopting “a joint vision” on the construction of Grand Ethiopian Renaissance Dam (GERD) “based on mutual respect to the interests and development rights of the other,” Ittihadiya spokesman Bassam Rady said in a Sunday statement. President Abdel Fattah El Sisi met yesterday with Ethiopian Prime Minister Abiy Ahmed during his three-day visit to Cairo at Ittihadiya Palace in what is being touted as a historic summit between the two countries on an issue that have soured relations since 2011.

What’s the compromise? It appears that both sides are looking for an arrangement by which Ethiopia caters its timetable of filling the dam to Egypt’s needs in exchange for economic cooperation. This includes establishing an Egyptian industrial zone in Ethiopia, spurring private sector imports of Ethiopian meat, as well as cooperating in the fields of agriculture, livestock, and health.

Catch the joint press conference held after the meeting (watch, runtime 17;44), or read the text here.

The story is topping coverage of Egypt in the international press this morning and was picked up by newswires including Reuters and the Associated Press.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.