The Grand Ethiopian Renaissance Dam has been a source of discord for years. AP
The Grand Ethiopian Renaissance Dam has been a source of discord for years. AP
The Grand Ethiopian Renaissance Dam has been a source of discord for years. AP
The Grand Ethiopian Renaissance Dam has been a source of discord for years. AP

Sudan returns to Nile dam talks but breakthrough remains elusive


Hamza Hendawi
  • English
  • Arabic

Sudan has ended its boycott of negotiations with Egypt and Ethiopia over a disputed Nile dam being built by Addis Ababa, but the chances of a breakthrough in the prolonged talks remain slim.

The latest round of talks ended in disagreement on Sunday when Sudan insisted that African Union experts be given a greater role in finding an agreement.

A statement by the Egyptian Foreign Ministry said both Egypt and Ethiopia rejected the Sudanese proposal, arguing that the experts were not qualified to carry out the task.

“The African Union experts are not specialised in the engineering and technical fields relevant to managing water resources and operating dams,” said the statement.

Sudan stepped back from talks on the Grand Ethiopian Renaissance Dam on January 4 to highlight what it said was a lack of response to its request for a bilateral meeting with African Union water experts.

"Saturday’s meeting was held in response to Sudan’s demand that African Union experts are given a greater role in facilitating the negotiations between Sudan, Egypt and Ethiopia with the aim of drafting an agreement that combines requests made by the three nations,” said Sudan’s water ministry in a press release.

Khartoum’s demand was met on Saturday night when its delegates met with the experts for technical discussions designed to narrow differences between the three nations.

Foreign and water ministers from the three Nile basin nations are due to return to the AU meet later on Sunday. All meetings are taking place virtually because of the pandemic.

After nearly a year of AU sponsorship of the negotiations, some analysts have become sceptical of whether the pan-African organisation, chaired by South Africa, has the clout to push through a deal.

“Will Ethiopia accept the views of the African Union experts? I doubt that very much,” said Hany Raslan, an expert on African affairs from Egypt’s Al Ahram Centre for Political and Strategic Studies.

“The negotiations have become absurd and the African Union has neither a carrot nor a stick to use.”

When completed, the Gerd will be Africa’s largest dam and will eventually generate 6,000 megawatts of electricity. Ethiopia says it will pluck millions of its citizens out of poverty, energise its economy and make the country a key exporter of electricity in Africa.

  • A satellite image of the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia. Maxar Technologies via AP
    A satellite image of the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia. Maxar Technologies via AP
  • A satellite image of the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia. Maxar Technologies via AP
    A satellite image of the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia. Maxar Technologies via AP
  • A 2013 photo showing the Blue Nile river flowing near the site of the Grand Ethiopian Renaissance Dam near Assosa in the Benishangul-Gumuz region of Ethiopia. AP, File
    A 2013 photo showing the Blue Nile river flowing near the site of the Grand Ethiopian Renaissance Dam near Assosa in the Benishangul-Gumuz region of Ethiopia. AP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • Construction workers are seen at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    Construction workers are seen at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • Sudan's Minister of Irrigation and Water Resources Yasir Mohamed (C) takes part in a video meeting over the Grand Ethiopian Renaissance Dam on June 9, 2020. AFP
    Sudan's Minister of Irrigation and Water Resources Yasir Mohamed (C) takes part in a video meeting over the Grand Ethiopian Renaissance Dam on June 9, 2020. AFP
  • Egyptian Foreign Minister Sameh Shukry. AP
    Egyptian Foreign Minister Sameh Shukry. AP
  • The Nile in the Sudanese capital, Khartoum. AFP
    The Nile in the Sudanese capital, Khartoum. AFP
  • The Nile in the Sudanese capital, Khartoum. AFP
    The Nile in the Sudanese capital, Khartoum. AFP
  • The Nile in the Sudanese capital, Khartoum. AFP
    The Nile in the Sudanese capital, Khartoum. AFP
  • A pleasure boat carrying tourists and locals sails on the Nile at sunset in Aswan, Egypt. AP, file
    A pleasure boat carrying tourists and locals sails on the Nile at sunset in Aswan, Egypt. AP, file
  • Sayed Ahmed Abdoh poles his boat to check fish traps in the Nile, near Abu Al Nasr village, about 770 kilometres south of Cairo, in Egypt. AP, file
    Sayed Ahmed Abdoh poles his boat to check fish traps in the Nile, near Abu Al Nasr village, about 770 kilometres south of Cairo, in Egypt. AP, file
  • An aerial view shows the Nile before sunset in the Egyptian capital, Cairo. AFP
    An aerial view shows the Nile before sunset in the Egyptian capital, Cairo. AFP
  • An aerial view shows the Nile before sunset in the Egyptian capital, Cairo on June 20, 2020. AFP
    An aerial view shows the Nile before sunset in the Egyptian capital, Cairo on June 20, 2020. AFP

The Gerd has also become a national symbol of unity in the ethnically and religiously diverse nation, with Ethiopian Prime Minister Abiy Ahmed’s government amplifying Egypt’s colonial past and the cultural divide between North African nations and those of the Sahel.

In a mostly symbolic but significant move, Ethiopia on Saturday laid the foundations for a new, albeit small, Nile dam in its Amhara region, making good on its repeated pledges to build a series of dams on the Nile to make more water available for agriculture.

The new dam will cost $125 million and have a reservoir of 55 million cubic metres of water, a government statement said. The Amhara region includes Lake Tana, the source of the Blue Nile, which contributes two thirds of the water of the Nile proper.

Egypt, for its part, sees the Gerd as a threat and, with fellow downstream nation Sudan, has been trying for a decade to persuade Ethiopia to enter a legally-binding deal on the dam’s operation and mechanisms to resolve future disputes and persistent droughts.

Egypt relies on the Nile for more than 90 per cent of its water needs and fears that a significant drop in its share of the river’s water as a result of the dam would mean the loss of hundreds of thousands of jobs and the disruption to its sensitive food supply.

For Sudan, the absence of co-ordination on the operation of the dam built a short distance less than 20 kilometres away from its border could potentially spell disaster for its eastern breadbasket region through flooding and the disablement of its own hydroelectric dams on the Nile.

Ethiopia favours recommendations, rather than a binding deal, on the operation of the dam and the handling of disputes and droughts.

It has said it intended to go ahead with a second filling of the large reservoir behind the Gerd with or without a deal reached with Egypt and Sudan. It also seeks to broaden the negotiations to involve other Nile Basin nations to negotiate a new water-sharing deal to replace colonial-era agreements.

The seemingly deadlocked negotiations threaten to undermine stability in the region.

A dormant border dispute between Sudan and Ethiopia has flared up in recent weeks with deadly skirmishes.

Both nations have reportedly been amassing troops on their border in anticipation of a fresh round of clashes, which will probably be deadlier and involve more firepower.

Egypt and Ethiopia, on the other hand, are engaged in a war of words. Ethiopia’s chief diplomat in Cairo was summoned by the government last week to explain comments by the foreign ministry spokesman in Addis Ababa that Cairo described as unacceptable.

Egypt has said it wants to resolve the dispute through diplomacy, but made clear it would not accept a de facto situation created by Ethiopia. It has not entirely ruled out military action although authorities have repeatedly called on the pro-government media not to speculate on that course of action.

It has been months since President Abdel Fattah El Sisi spoken publicly on the disputed dam, adding to the secrecy shrouding Egypt’s future options in dealing with the dispute. Time, in the meantime, is running out for South Africa. The Democratic Republic of Congo takes over the leadership of the AU in February and it could be weeks if not months before its officials and experts familiarise themselves with the intricate details of the negotiations.

“Egypt will not budge. Offering any concessions will cause the country great damage,” Mr Raslan said.

RACE CARD

6.30pm: Handicap (TB) $68,000 (Dirt) 1,600m

7.05pm: Meydan Sprint – Group 2 (TB) $163,000 (Turf) 1,000m

7.40pm: Curlin Stakes – Listed Handicap (TB) $88,000 (D) 2,200m

8.15pm: UAE Oaks – Group 3 (TB) $125,000 (D) 1,900m

8.50pm: Zabeel Mile – Group 2 (TB) $163,000 (T) 1,600m

9.25pm: Balanchine – Group 2 (TB) $163,000 (T) 1,800m

10pm: Al Shindagha Sprint – Group 3 (TB) $130,000 (D) 1,200m

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

MATCH INFO

Uefa Champions League last 16, second leg
Liverpool (0) v Atletico Madrid (1)
Venue: Anfield
Kick-off: Thursday, March 12, midnight
Live: On beIN Sports HD

Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

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Start-up hopes to end Japan's love affair with cash

Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.

Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.

Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.

Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.

Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.

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2.15pm: Conditions (TB) Dh100,000 (D) 1,400m
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2.45pm: Conditions (TB) Dh100,000 (D) 1,200m
Winner: Hurry Up, Royston Ffrench, Salem bin Ghadayer.

3.15pm: Shadwell Jebel Ali Mile Group 3 (TB) Dh575,000 (D) 1,600m
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3.45pm: Handicap (TB) Dh72,000 (D) 1,600m
Winner: Mazagran, Tadhg O’Shea, Satish Seemar.

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4.45pm: Handicap (TB) Dh84,000 (D) 1,000m
Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly.

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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

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Transmission: eight-speed automatic

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Results

1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m

Winner Al Suhooj, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)

2pm Handicap (TB) 68,000 (D) 1,950m

Winner Miracle Maker, Xavier Ziani, Salem bin Ghadayer

2.30pm Maiden (TB) Dh60,000 (D) 1,600m

Winner Mazagran, Tadhg O’Shea, Satish Seemar

3pm Handicap (TB) Dh84,000 (D) 1,800m

Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer

3.30pm Handicap (TB) Dh76,000 (D) 1,400m

Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly

4pm Maiden (TB) Dh60,000 (D) 1,200m

Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer

4.30pm Handicap (TB) Dh68,000 (D) 1,200m

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'Project Power'

Stars: Jamie Foxx, Joseph Gordon-Levitt, Dominique Fishback

Director: ​Henry Joost and Ariel Schulman

Rating: 3.5/5

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

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Breaking News: The Remaking of Journalism and Why It Matters Now
Alan Rushbridger, Canongate

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
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MATCH INFO

Manchester City 3
Danilo (16'), Bernardo Silva (34'), Fernandinho (72')

Brighton & Hove Albion 1
Ulloa (20')

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5