Business Emerging Markets Features Headlines

Russia powers up Africa ties with landmark Ethiopia nuclear deal

Russia and Ethiopia have officially signed a long-anticipated nuclear cooperation agreement, marking a major milestone in Moscow’s growing strategic engagement across Africa. The deal, finalized at a nuclear energy forum by Ethiopian Electric Power Company and Russia’s state-owned Rosatom, outlines the construction of Ethiopia’s first nuclear power plant. The agreement includes a comprehensive roadmap for […]

Energy Features Headlines

Ethiopia charts bold future with mega nuclear power plant and $30bn development drive

Ethiopia is set to break ground on a mega nuclear power plant, Prime Minister Abiy Ahmed announced Tuesday (9 September), unveiling a sweeping $30 billion infrastructure agenda aimed at transforming the country’s energy, transport, and industrial sectors. Speaking at the inauguration of the Grand Ethiopian Renaissance Dam (GERD) — Africa’s largest hydropower project — Ahmed […]

Africa Americas Egypt Headlines International

US urges Ethiopia to sign Nile dam deal

The United States has urged Ethiopia to sign in the shortest possible time a deal with Egypt and Sudan about the giant dam it is building on the Nile. According to Steven Mnuchin, the US treasury secretary, the final testing and filling of the dam should not take place without an agreement. The government of […]

Egypt Headlines

Egypt calls for urgent consultations on Ethiopian dam

Egypt has called for urgent consultations with Ethiopia and Sudan over the construction of the Grand Ethiopian Renaissance Dam (GERD) after the consultancy firms contracted to submit a report on the impact of the dam on the Nile failed its deadline twice. Cairo has always stressed that the dam will affect the livelihood of its […]