INSUBCONTINENT EXCLUSIVE:
additional 80 billion Birr ($633.5 million) to finish construction.This situation highlights the complexities of financing large-scale
infrastructure projects in developing nations
support its economic growth.To date, the project has raised over 20.2 billion Birr ($159.9 million) through public bond sales, with the
Development Bank of Ethiopia contributing another 10 million Birr ($79,190).Despite this progress, the remaining 2.4% of construction
requires substantial funds
Dawit Amare from the Development Bank confirmed the funding gap.He stated that the government seeks to raise 1.6 billion Birr ($12.7
million) this year from public contributions to address this shortfall
(Photo Internet reproduction)However, it has sparked tensions with Egypt and Sudan over water rights, as both countries rely heavily on the
Nile River for their water supply
Negotiations among Ethiopia, Egypt, and Sudan have repeatedly stalled over how to fill and operate the dam.Egypt demands legally binding
agreements to ensure fair water distribution while Ethiopia asserts its right to develop its resources
financial hurdles and navigating complex regional dynamics
As Ethiopia aims to complete the project by 2025, understanding these challenges is crucial.This is particularly important for stakeholders
like investors and policymakers who monitor regional stability and energy markets.
