banner books
 
<< Back             Poser >>
Ethiopia inaugurates Africa's biggest dam
Ethiopia was set to inaugurate Africa's largest hydroelectric project on Tuesday that has promised to revolutionise the country's energy sector but sparked diplomatic rows with downstream neighbour Egypt.
For Ethiopia, the Grand Renaissance Dam (GERD) is a national project of historic scale and a rare unifying symbol in a country torn apart by ongoing internal conflicts.
Towering 145 metres (476 feet) high and stretching nearly two kilometres (1.2 miles) across the Blue Nile near the Sudanese border, the $4-billion megastructure is designed to hold 74 billion cubic metres of water and generate 5,000 megawatts of electricity -- more than double Ethiopia's current capacity.
That makes it the largest dam by power capacity in Africa, though still outside the top 10 globally.
Images on state media showed Prime Minister Abiy Ahmed touring the site early Tuesday with Kenyan President William Ruto, Somalia's President Hassan Sheikh Mohamud and African Union chief Mahmoud Ali Youssouf.
The festivities began the night before with a dazzling display of lanterns, lasers and drones writing slogans like "geopolitical rise" and "a leap into the future", watched by Abiy who has made the project a cornerstone of his rule.
Some 45 percent of Ethiopia's 130 million people lack electricity, according to World Bank data, and frequent blackouts in Addis Ababa force businesses and households to rely on generators.
A band performed ahead of the dam's inauguration in Guba
A band performed ahead of the dam's inauguration in Guba. Photo: Luis TATO / AFP
Source: AFP
Analysts argue the GERD, under construction since 2011, could transform Ethiopia's economy, boosting industrial production, enabling a shift towards electric vehicles and supplying power-hungry neighbours through regional interconnectors that stretch as far as Tanzania.
But neighbouring Egypt, dependent on the Nile for 97 percent of its water, sees a looming disaster.
With a population of 110 million and little rainfall, Egypt's reliance on the river is absolute.
President Abdel Fattah al-Sisi has repeatedly called the dam an "existential threat" and vowed Egypt would take all measures under international law to defend its water security.
"Whoever thinks Egypt will turn a blind eye to its water rights is mistaken," he told reporters last month.
The standoff has sharpened regional rivalries. Egypt has strengthened ties with Eritrea and Somalia -- both of which have tense relations with Ethiopia -- and coordinates closely with Sudan, which also worries about reduced flows.
The dam has been under construction for 11 years
The dam has been under construction for 11 years. Photo: EDUARDO SOTERAS / AFP
Source: AFP
Attempts at mediation by the United States, World Bank, Russia, the UAE and the African Union have all faltered over the past decade.
"For the Egyptian leadership, GERD is not just about water, it is about national security. A major drop in water supply threatens Egypt's internal stability. The stakes are economic, political and deeply social," said Mohamed Mohey el-Deen, formerly part of Egypt's team assessing GERD's impact.
The tensions have not been all bad for Ethiopia's government.
"Ethiopia is located in a rough neighbourhood and with growing domestic political fragility, the government seeks to use the dam and confrontation with neighbours as a unifying strategy," said Alex Vines, of the European Council on Foreign Relations.
YEN
Boakai hails deeper strategic ties with Beijing
Liberia and China continue to deepen their decades-long diplomatic ties, as President Joseph Boakai reaffirmed his country’s one-China policy. By Stephen G. Fellajuah Monrovia, September 9, 2025: Reaffirming his country’s One-China policy, President Boakai expressed Liberia’s unwavering respect for the One-China Policy, emphasizing that international partnerships must be grounded in peace, mutual respect, and shared &#8230;The post Boakai hails deeper strategic ties with
Foreign portfolio inflow up 354% to N609.73bn in 3yrs
… As outflow increases by 382.2% By Peter Egwuatu The Foreign Portfolio inflow on the Nigerian stock market has increased by 354.4 % to N609.73 billion in seven months of 2025 (7M’25) against N134.19 billion in seven months of 2022(7M’22). The domestic and foreign transactions report released by the Nigerian Exchange Limited, NGX showed that foreign [&#8230;]The post Foreign portfolio inflow up 354% to N609.73bn in 3yrs appeared first on Vanguard
Strike: Talks with NUPENG deadlocked as Dangote Refinery representatives stage walkout
The deadlocked meeting aimed at addressing allegations of anti-union practices against the Dangote Refinery.The post Strike: Talks with NUPENG deadlocked as Dangote Refinery representatives stage walkout appeared first on Premium Times
N149.39trn Debt: Abbas Clarifies Remarks, Says Tinubu Ensuring Responsible Borrowing, Edun Upbeat
Juliet Akoje in Abuja Speaker of the House of Representatives, Hon. Tajudeen Abbas, yesterday, clarified his earlier comments on Nigeria’s N149.39 trillion debt, stressing President Bola Tinubu was committed toThe post N149.39trn Debt: Abbas Clarifies Remarks, Says Tinubu Ensuring Responsible Borrowing, Edun Upbeat appeared first on
Volkswagen to invest up to €1b in AI to cut costs
German carmaker Volkswagen is planning to streamline production and cut costs by investing up to €1 billion ($1.175 billion) in artificial intelligence by 2030, the firm said at a major auto show in Munich on Tuesday.The post Volkswagen to invest up to €1b in AI to cut costs appeared first on Ghana Business
Ethiopia inaugurates Africa's biggest dam
Ethiopia was set to inaugurate Africa's largest hydroelectric project on Tuesday that has promised to revolutionise the country's energy sector but sparked diplomatic rows with downstream neighbour Egypt. But neighbouring Egypt, dependent on the Nile for 97 percent of its water, sees a looming