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Egypt signs Nile dam deal with Ethiopia after years of dispute. What changed?

Addis Ababa, Ethiopia — A new agreement between Egypt, Ethiopia and Sudan on a controversial Ethiopian hydroelectric dam is a diplomatic breakthrough that supporters say could fuel economic development in the Nile basin.

Egyptian President Abdel Fattah al-Sisi called it “a new chapter in the history of Egyptian-Ethiopian relations” and opened the door to further negotiations on the $4.8 billion Great Ethiopian Renaissance Dam.

Ethiopia says the dam will ultimately provide 6,000 megawatts of power in a country where it’s desperately needed. The UN’s International Energy Agency estimates that 70 million Ethiopians don’t have access to electricity – the most on the continent, and East Africa is one of the most energy-impoverished spots on the globe.

Source: www.csmonitor.com

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