Back to the complete issue
Sunday, 29 May 2022

Ethiopia to start third GERD filling by end of summer

Ethiopia will start the third filling of the Grand Ethiopian Renaissance Dam (GERD) in August and September, the dam’s project manager told Al Arabiya Friday (watch, runtime: 11:37). The filling of the dam is an “automatic process” that cannot be stopped, Kifle Horo told the broadcaster.

The dam has long been a source of tension between Egypt, Ethiopia and Sudan: Talks over the filling and operation of the dam have been deadlocked for the past year as Ethiopia perseveres with filling the reservoir without an agreement with Cairo and Khartoum. Earlier this year, Ethiopia began to generate power from the dam.

Sudan’s foreign ministry denounced Horo’s “irresponsible statements” and reiterated its demands for a “fair and binding” agreement before Ethiopia continues to fill the reservoir, the state-run Sudan News Agency reported.

Also in diplomacy:

  • Shoukry, Blinken discuss impact of Ukraine war: Foreign Minister Sameh Shoukry and US Secretary of State Antony Blinken discussed the repercussions of the war in Ukraine and its impact on the economies and living conditions of countries around the world, the Foreign Ministry said in a statement yesterday.
  • Plans to export gas to Lebanon are not going as smoothly as the two sides had hoped, Lebanese Foreign Minister Abdallah Bou Habib told Bloomberg Asharq (watch, runtime: 1:24). The plan will not go through until Egypt gets further assurance from the US that the move will not run afoul of sanctions against Syria, Bou Habib cited the Egyptian Oil Ministry as saying.

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 HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; 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; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.