Ethiopia asks SA to mediate talks over Nile Dam debacle with Egypt

Ethiopia is facing off with Egypt in a contentious debate over the Grand Ethiopian Renaissance Dam, a $5 billion electric dam that has sparked tensions between the two countries. The dam, fully financed and owned by Ethiopia, is set to bring significant economic benefits not only to Ethiopia but to the entire region. Zemedeneh Negatu, the Global Chairman of Fairfax Africa Fund, shed light on the importance of the dam and the implications of the disagreement between Ethiopia and Egypt. Negatu highlighted the economic advantages of the dam, emphasizing that it will provide electricity to millions in Ethiopia and the surrounding nations. Despite the potential benefits, only 44% of Ethiopians currently have access to electricity compared to 100% in Egypt, showcasing the pressing need for the dam's completion. With Ethiopia aiming to elevate its population of 112 million out of poverty, the equitable utilization of the Nile's resources is crucial for the nation's development. Egypt, heavily reliant on the Nile for water supply, has expressed concerns about potential water shortages resulting from the dam. However, Negatu clarified that the dam is focused on electricity production and will not interfere with the water flow to Egypt. He emphasized Ethiopia's commitment to ensure Egypt receives its fair share of water and the collaboration between both countries through technical committees to address water distribution during different climatic conditions. In a recent development, Ethiopia has proposed South Africa as a mediator for the ongoing negotiations with Egypt. Negatu supported this move, stating that African countries should take the lead in resolving the issue. With South Africa set to assume the AU leadership, Prime Minister Abiy's decision to involve President Ramaphosa in the mediation process has been viewed positively. Despite external pressures and global interests in the matter, Negatu believes that an African-led resolution will be more expeditious and favorable to all parties involved. Ethiopia's plea for fair treatment in utilizing its resources to drive economic growth and alleviate poverty among its populace underpins the dam dispute. As the mediation efforts progress, the focus remains on ensuring a mutually beneficial outcome that upholds the rights of both Ethiopia and Egypt while fostering regional development and cooperation.