AfDB set to start funding Ethiopia’s Gibe dam
The African Development Bank (AfDB) is making preparations to start funding the Gibe III dam, a mega project on River Omo whose completion is expected to alleviate Kenya’s perennial electricity crisis.
AfDB’s director in charge of infrastructure, Mr Gilbert Mbesherubusa, says the bank is conducting technical, economic and financial assessments of the project to start the works by end of year.
“The project will bring electrical energy to Ethiopia, Kenya and neighbouring countries, thus contributing to regional economic development and poverty alleviation,” he said. Click here to read more