Nile Basin countries
The conversation also touched on Egypt's ongoing efforts to complete the construction of the Julius Nyerere Dam, a key infrastructure project on an internal river in Tanzania.
The Minister’s remarks were given to the Cabinet Information Center. He noted that these Egypt-funded initiatives include water harvesting projects, well drilling, drinking water stations, rain forecasting centers, and dams.
Abdelatty explained that the fund will rely on three sources of funding: the Egyptian state budget, partnerships with the Egyptian private sector, and collaborations with Nile Basin countries and other African partners, including regional and international organizations. He emphasized that Egypt hopes these partners will direct a portion of their investment commitments in Africa through this fund.
In the speech he gave in the press conference that was held following meeting with the new Cabinet members, Madbouli said that these initiatives aim to optimize the utilization of water resources while bolstering their economic development.
The Nile Basin countries include: (Sudan - Ethiopia - Uganda - Congo - Kenya - Tanzania - Rwanda - Burundi - Eritrea - South Sudan).
Egypt's exports to the Nile Basin countries recorded $1.11 billion during the period from January to the end of September 2021, compared to $835 million over the same period last year, with an increase of 33.7 percent.
“97 percent of Egypt's renewed water resources come from abroad,” the minister said adding that the country’s water sector is facing challenges of water shortage and growing population.
World Water Council president is willing to cooperate with the Egyptian government to save every single drop of water.
Both leaders tackled the latest developments in the African continent, counter-terrorism efforts, trade issues, and infrastructure development.
It has been estimated that the final cost of the feasibility study of the project could reach $10 million.
Egypt spent LE 400 million during the last four years to help the Nile Basin countries, and it will double the amount in the upcoming four years.
Climate change impacts could force five million people to be displaced from the Delta if the solutions and mitigation strategies are not heeded.
Egyptian Minister of Foreign Affairs Sameh Shoukry discussed several issues of mutual interest with his Burundian counterpart, Alain Aimé Nyamitwe, on Tuesday.
Leaders of Egypt, Ethiopia and Sudan will meet on sidelines of 30th summit of the African Union in Addis Ababa to discuss GERD
We have agreed on several bilateral legal instruments that we shall sign tomorrow in the presence of the two states’ leaders,” said Samah Shoukry.
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