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Today: December 20, 2024

Ethiopian Government short of cash to pay GERD contractors

December 22, 2023

Work on the Grand Ethiopian Renaissance Dam (GERD) on the River Nile, which has been entirely self-financed by government bonds, could shortly suffer new delays. Ethiopian Electric Power (EEP), which is managing the project, is struggling to pay its contractors in a reasonable time.. [.Read more..]

 

Ethiopia: The Dam Dammed by Cash Flow? – By Pro. Alemayehu G Mariam

 

1 Comment

  1. Bigots here among us are dancing until they drop on this news. Delays on such huge projects that was never done at such magnitude in the entire continent are inevitable. This dam is the property of all Ethiopians including those among the Diaspora who backed the project monetarily and morally. Those of you who rejoice this news should consider yourself to be the enemy of the Ethiopian people. You are sick and make everyone sick. At the last reporting this dam is more than 85% complete and some of the turbines have started generating electricity anyway. So bigots! Eat your crows!!!

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