Gizeshwork Tessema
15/02/2026
I had the honor of participating in the
High-Level Dialogue on “The role of the private sector in realizing Africa's Agenda 2063” event on the margins of the 39th Assembly of the African Union (AU) in Addis Ababa this afternoon, H.E. Mahmoud Ali Youssouf, Chairperson of the AU Commission, emphasized:
“Africa’s era of exporting raw materials and importing value-added goods must end. With 1.4 billion people, 30% of the world’s critical minerals, and the as a foundation, the continent has the assets to industrialize, integrate, and lead.
Public policy alone is not enough, he said, ' Industrialization, energy transition, digital innovation, and value chain development require full private sector partnership,' he added.
He assured that the AU will strengthen regulatory coherence, reduce non-tariff barriers, and launch a Permanent Presidential Mechanism for strategic dialogue with African business, focused on results.
H.E. Mahmoud Ali Youssouf, Chairperson of the AU Commission, concluded by underscoring that "every job is a contribution to peace... every investment is a vote of confidence in Africa’s future.'
21st-Century Adwa Mia Amor Mottley Prim Minister of Barbados
Grand Ethiopian Renaissance Dam ( ) Is the 21st-Century Adwa
Citizens bought bonds.
Citizens made donations.
A nation funded its own future.
Just as at Adwa, Ethiopia stood alone and just as at Adwa, Ethiopia prevailed.
was not built for prestige. It was built out of necessity. Ethiopia has a population of over 130 million people, yet just over half have access to electricity.
When Ethiopia approached international financial institutions for loans, the answer was no. The international community refused to finance the project, for many reasons. So Ethiopians turned inward.
For those who may not know, Adwa was the 1896 battle where Ethiopia defeated Italy, an outcome no one believed possible. Ethiopia united, marched for nearly two years, and rose majestically. Adwa became the spark that ignited the Pan-African movement.
If you visit the Adwa Museum in Addis Ababa, you will see New York Times headlines of the time, astonished that an African nation had defeated a European power.
That victory helped give birth to Pan-Africanism, the great conferences, the 1945 Manchester Congress, and ultimately the independence movements led by figures like Kwame Nkrumah and others. It was the moment the world was forced to acknowledge that Black people could determine their own destiny after centuries of domination.
Today, the Grand Ethiopian Renaissance Dam ( ) carries that same spirit.
It is the largest dam in Africa, nearly two kilometers wide and over 550 feet high. You have to see it to believe it. I have never seen water move with such speed and force. Even after generating electricity, the overspill roars downward with astonishing power.
And yet, the most extraordinary fact remains this: it was built when the world said no.
The was not built for prestige. It was built out of necessity. Ethiopia has a population of over 130 million people, yet just over half have access to electricity.
And this is not only Ethiopia’s story, it is Africa’s story.
While the world speaks of artificial intelligence and advanced technology, nearly 600 million people out of Africa’s 1.4 billion still live without electricity. What makes this project even more remarkable is that it is powered by renewable energy, clean, sustainable, and not a burden on the planet.
But the most fascinating part of this story is not just the engineering. It is how Ethiopia funded it.
The central bank stepped forward. Domestic banks stepped forward. Ordinary citizens stepped forward.
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