Nile River News

XSML Capital announces final close of African Rivers Fund at $50 million

XSML Capital announces final close of African Rivers Fund at $50 million

XSML Capital, the fund manager active in Central & East Africa, last week announced its final close of the African Rivers Fund at $50 million.

Grand Ethiopian Renaissance Dam (GERD)

Egypt, Ethiopia and Sudan sign new Grand Renaissance Dam agreement

Egypt, Ethiopia, and Sudan signed an agreement on Tuesday finalizing the two firms tasked with carrying out studies on the potential impact of Ethiopia’s Grand Renaissance Dam on the flow of the Nile.

Billionaire Aliko Dangote at Dangote Cement Plc's new plant in Ndola, Zambia. Photographer: Liezel Hill/Bloomberg

Cement is the new oil as Africa's richest man takes on Lafarge

Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom.

Azeb Asnake, CEO, Ethiopian Electric Power (EEPCo)

Ethiopia eyes extra 12,000 MW in power projects by 2020: Azeb Asnake, CEO, Ethiopian Electric Power (EEPCo)

Ethiopia plans to launch hydropower dams and other renewable energy projects over the five years to 2020 that will add an additional 12,000 megawatts of electricity upon completion, a senior official said on Monday.

Ethiopia to step up role as regional clean power exporter

Ethiopia to step up role as regional clean power exporter

Ethiopia plans to begin exporting renewable energy to a broader range of neighboring nations by 2018 as part of a cross-border effort to meet regional energy demand and limit increases in climate-changing emissions.

Ethiopia Commodity Exchange (ECX)

Ethiopia Commodity Exchange (ECX) considers adding stock & bond trading

The Ethiopia Commodity Exchange plans to broaden the range of crops it trades and wants to introduce stocks and bonds under a five-year expansion plan, Chief Executive Officer Ermias Eshetu said.

The leaders of Egypt, Sudan, and Ethiopia (L-R) - Abdel Fattah el-Sisi (Left), Omar al-Bashir, and Hailemariam Desalegn - sign deal to end Nile dispute.

Ethiopia, Egypt and Sudan sign deal to end Nile dispute

Three African leaders have signed an initial deal to end a long-running dispute over the sharing of Nile waters and the building of Africa’s biggest hydroelectric dam, in Ethiopia.

The Grand Renaissance Dam is under construction on the Blue Nile River in Ethiopia. It is claimed it will generate 6000 MW of energy when completed

The Grand Ethiopian Renaissance Dam: The $5B project that could turn Ethiopia into Africa's water powerhouse

It’s called the Grand Renaissance Dam — and the clue is in the name. With some 8,500 laborers working around the clock on its construction, the imposingly-named dam is surely one of Africa’s most ambitious infrastructure projects.

Sudanese Foreign Minister Ali Karti, right. Nile dam talks between the foreign and water ministers of Egypt, Sudan and Ethiopia have reached a preliminary agreement. Ashraf Shazly / AFP Photo

Sudan, Egypt and Ethiopia reach agreement on use of Nile waters

The foreign ministers of Sudan, Egypt and Ethiopia said on Friday they had reached the basis of an agreement on the sharing of Nile waters and Ethiopia’s Grand Renaissance Dam.

Konza Techno City (Illustration)

Here are seven of Africa's largest infrastructure projects currently under construction (Photos)

Photos of seven of Africa’s largest infrastructure projects currently under construction.

River Dam

Ethiopia's $1.8B Gilgel Gibe III dam project could start power generation by June

A much-delayed $1.8 billion dam project under construction along Ethiopia’s Omo river could begin generating power by June and be fully operational by early 2016, an official said on Thursday.

Addis Ababa

Ethiopia: Africa's fastest growing economy plans to issue first US dollar sovereign bond

Ethiopia plans to sell its first dollar bond as Africa’s fastest-growing economy exploits record demand for the continent’s debt.

Grand Ethiopian Renaissance Dam (GERD)

Ethiopia-Egypt trade deals to ease River Nile row

Egypt and Ethiopia have signed a series of trade agreements which could help smooth diplomatic tensions over use of the River Nile waters.

The Grand Ethiopian Renaissance Dam under construction

As Ethiopia plans to become regional power hub, talks move forward on 6,000 MW Renaissance Dam, which will be Africa's biggest dam

The three main countries that share the Nile River’s waters moved toward an agreement to study whether a planned $4 billion Ethiopian dam would disrupt flows to downstream countries, water ministers of Ethiopia, Sudan and Egypt said after talks on Friday.

Aliko Dangote

Aliko Dangote, Africa's richest man, partners with Blackstone and Carlyle for Africa investments

Blackstone Group LP (BX) and Carlyle Group LP (CG), the world’s two biggest private-equity firms, sought a partner in Africa to invest in the continent’s burdened energy infrastructure.