Thu, 26-Feb 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    U.S Cuts $130Million in Foreign Aid to Ethiopia over Disputes on the Nile dam Project

    Mwakaneno
    By Mwakaneno Gakweli
    - August 29, 2020
    - August 29, 2020
    African Wall StreetPublic Policy
    U.S Cuts $130Million in Foreign Aid to Ethiopia over Disputes on the Nile dam Project

    Earlier this week, U.S. Secretary of State Mike Pompeo approved the Trump administration plans to withdraw some foreign aid to Ethiopia as the United States mediates tension over the Grand Ethiopian Renaissance Dam (GERD). A Foreign Policy exclusive shows that the decision could escalate tensions between Washington and Addis Ababa.

    The cuts, amounting to nearly $130 million could affect security assistance, development funding, counterterrorism, anti-human trafficking programs and military training. Nevertheless, the U.S. government will not cut foreign aid in emergency humanitarian relief, food or health assistance programs.

    Details on the cuts are yet to be finalized.

    The cuts on foreign aid aim to address the impasse between the tripartite nations on the dam. Construction and filling of the Nile Dam threaten Egypt’s freshwater supply for agriculture while Sudan holds that GERD will endanger its dams. On the other hand, Ethiopia believes that the $4.6 billion dam could be the answer to alleviating poverty for its population.

    Several Ethiopian officials believe that the White House is taking Egypt’s side in mediating conflict around the Nile dam, pointing out that the administration is yet to set similar policy initiatives against Egypt.

    Nevertheless, officials from the U.S. government assure the countries that they maintain an impartial stand on the project saying,

    “The U.S. role is to do everything it can to help facilitate an agreement between the three countries that balance their interests. At the end of the day, it has to be an agreement that works for these three countries.”

    On Tuesday, Sudan and Ethiopia promised to make every effort to reach a successful conclusion between the three countries after Prime Minister Abiy Ahmed visited Khartoum.

    Read Also:

    Tensions Ease as Ethiopia, Sudan, Egypt to Agree to Fill GERD in Two Weeks

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa