Egypt’s Keen on financing Angolo Dam project between Ughanda, Kenya

CAIRO - 13 August 2025: President Abdel Fattah El-Sisi expressed Egypt’s readiness to contribute to financing the Angololo Dam project between Uganda and Kenya through the mechanism Egypt launched to invest in infrastructure projects in the Nile Basin, with an initial funding of $100 million.

This came during a meeting with Ugandan President Yoweri Museveni on Tuesday at Al-Ittihadiya Palace.

During the meeting, both leaders reviewed ways to advance and strengthen bilateral relations between the two countries, in addition to a number of regional and international issues of common interest.

They witnessed the signing of five MoUs for collaboration in different fields.

The two presidents held a joint press conference, during which President Sisi stressed Egypt's complete rejection of unilateral measures in the Eastern Nile Basin, reiterating that anyone who believes Egypt will turn a blind eye to its water rights is "mistaken."

He further explained that the Nile water issue was the subject of lengthy discussions with President Museveni, emphasizing the importance of water and development for the Nile Basin countries.

"Egypt does not oppose any development for our partners in the Nile Basin countries, but Egypt's only concern is that this development does not affect the volume of water reaching Egypt," he added.

Moreover, Egypt’s President highlighted that Egypt is only talking about approximately 85 billion cubic meters, the share of Egypt and Sudan's share of the Nile water, which represents only about 4% of the total.

"We want to cooperate together to achieve stability for our country. Egypt has no other water resources and does not receive significant amounts of rainfall. If we give up this portion, it means we are giving up our lives," he said.

He also signaled that the water issue is being used as part of a broader campaign to pressure Egypt in pursuit of other objectives.

President Sisi reassured Egyptians saying: "We will never allow water to be tampered with, and we are counting on the people's awareness."