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ETHIOPIA Issue dated 29/01/2019

Renaissance dam: METEC debacle opens doors for GE and China

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“The Renaissance Dam – a national symbol but a regional quandary”

ETHIOPIA

The Renaissance Dam – a national symbol but a regional quandary

Although the Grand Ethiopian Renaissance Dam (GERD) is due to come into service in 2021, no agreement has yet been found by Egypt, Ethiopia and Sudan regarding their respective rights to the waters of the River Nile. For nearly a decade, the great Ethiopian dam has been a source of tension between the three countries. Ethiopia sees the €4bn project, which has been entirely financed by Ethiopian taxpayers but has not yet been completed, as a means of making itself self-sufficient in energy and affirming its power in the region. [...]

After breaking off its contract with state-owned METEC, Addis Ababa is forced to find partners from further afield. [...] (202 words)

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ETHIOPIA 18/10/2019

GERD turbine orders remain unchanged

The Egyptian president Abdel Fattah al-Sisi and the Ethiopian prime [...]

ETHIOPIA 07/12/2018

A general takes over at the helm of METEC

Following the anti-corruption drive spearheaded by the Ethiopian Prime Minister Abiy Ahmed Ali (ION 1486), the Metals and Engineering Corp [...]

The anti-corruption drive against METEC has multiple positive effects for PM Abiy Ahmed Ali. © Reuters

Spotlight ETHIOPIA 23/11/2018

Behind the scenes of ‘Operation METEC'

Since early November, no fewer than 64 senior executives at the military industrial complex controlled by the TPLF (Tigray People's Liberation Front) have been arrested on suspicion of corruption and human rights abuses. The Indian Ocean Newsletter has the inside [. [...]

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Central bank plans closure of Naushad Merali's former jewel Spire Bank

Rwandan soldiers move in to allow TotalEnergies to resume work

White House remains pro-Tshisekedi despite best efforts of Katumbi's lobbyists

GERD turbine orders remain unchanged

A general takes over at the helm of METEC

Behind the scenes of ‘Operation METEC'

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