GERD 98.66% Complete, Six Units Operational, Review Shows

Addis Ababa, April 12, 2025 (FMC) – The Grand Ethiopian Renaissance Dam (GERD) has reached 98.66% completion, with six of its generating units currently operational, according to a progress update presented during the federal government’s nine-month performance review for the 2017 E.C. fiscal year.

Prime Minister Abiy Ahmed officially launched the review session earlier today, which opened with a macroeconomic presentation highlighting key national achievements across economic, infrastructural, and social development sectors.

The update on GERD underscored the project’s continued advancement as one of Ethiopia’s flagship infrastructure investments. Officials noted that the dam is now nearing full completion and plays a critical role in boosting the country’s electricity generation capacity and regional power exports.

The review also showcased broader economic gains. Ethiopia’s economy is forecasted to grow by 8.4% in 2025, with sub-Saharan Africa and the global economy also showing positive outlooks. Macroeconomic reforms introduced in recent years have led to improved savings, rising investment levels, and a significant drop in the external debt-to-GDP ratio, which now stands at 13.7%.

The new foreign exchange regime has contributed to increased remittance inflows and higher foreign currency reserves. Export earnings have grown across key sectors, with coffee, gold, pulses, oilseeds, flowers, and electricity ranking among the top performers.

The performance review concluded with an overview of Ethiopia’s sustainable development priorities, emphasizing inclusivity and long-term growth as key pillars of the reform agenda.

A video posted on the Office of Prime Minister social media page shows that this morning’s session was attended by ministers from all sectors of the government.