Egypt steps up plans to launch infrastructure fund with Sudan, Ethiopia

Officials from Egypt, Sudan, and Ethiopia are meeting in Cairo on Tuesday to step up efforts to launch an infrastructure investment fund that would benefit all three countries’ development.

The meetings, hosted over two days by Egypt’s central bank in Cairo, are expected to reach a mechanism of that proposed fund to facilitate infrastructure development projects in the three African nations.

In May, foreign and water ministers of the three countries agreed to set up a joint investment fund in a bid to enhance ties and boost cooperation between their countries, as part of efforts to ease tensions concerning the Grand Ethiopian Renaissance Dam (GERD) under construction by Addis Ababa.