Economics - East Africa - Ethiopia - Kenya - Development - Energy
Kenya’s Energy Minister, Kiratu Murangi has expressed his country’s readiness to cover half the cost of Ethiopia’s Gibe III Hydropower Project, that is, if international financial institutions reject their funding request. The surprise announcement was made when he met Alemayehu Tegenu, his Ethiopian counterpart, last Friday. Kenya has until now not only expressed misgivings over the construction of the Gibe III hydropower plant, which it claims would negatively impact its environment, but also suspicions over Ethiopia’s alleged plans to use the project’s water resources for a huge irrigation project.

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