European Investment Bank abandons Ethiopia mega dam
|The Mursi are one of the tribes that will be affected by Gibe III |
© Eric Lafforgue/Survival
The European Investment Bank (EIB) has announced it is no longer considering funding Africa’s tallest dam, in Ethiopia. The hydroelectric dam, called Gibe III, has drawn international criticism because of the devastating effect it is likely to have on the food security of at least eight Ethiopian tribes.
In a statement, the EIB claims to have withdrawn from Gibe III because the Ethiopian government has found alternative funding sources for the dam. However the ICBC, the state-owned Chinese bank recently discussed as a potential funder, recently made it clear that the deal is not yet settled and far from guaranteed.
Before stepping back from Gibe III, the EIB completed a review of existing environment and social impact studies for the dam. The review confirms concerns from Survival and others that the lives of the tribes living in the Lower Omo Valley, downstream of Gibe III, will be fundamentally altered and their food security threatened if the dam is complete. The study also acknowledges that these tribes have not been adequately consulted.
Related news articles
- Catastrophic dam inaugurated today in Ethiopia December 17, 2016
- Survival reports Italian corporation to OECD over dam disaster March 14, 2016
- Experts meet to ‘prevent humanitarian catastrophe’ in Ethiopia and Kenya October 1, 2015
- Outrage as tour operators sell “human safaris” to Andaman Islands October 17, 2017
- “Pygmy” man pleads with Bronx Zoo organization after son is killed for conservation October 12, 2017
- Renowned indigenous leaders call for end to uncontacted ‘genocide’ October 9, 2017
- New report exposes widespread abuse funded by big conservation organizations September 25, 2017