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The lack of international financing for projects on the Blue Nile River has persistently been attributed to Egypt's campaign to keep control of Nile water sharing. [36] Ethiopia has been forced to finance the GERD with crowdsourcing through internal fundraising in the form of selling bonds and persuading employees to contribute a portion of ...
Website. bluenile.com. Blue Nile Inc. is an online jewelry retailer founded in 1999. It is based in New York City. In February 2017, it became a subsidiary of Bain Capital. In 2022, Blue Nile was acquired by Signet Jewelers.
Only a fraction of this potential has been harnessed so far, 1% at the beginning of the 21st century. In order to become the powerhouse of Africa, Ethiopia is actively exploiting its water resources by building dams, reservoirs, irrigation and diversion canals and hydropower stations. The benefits of the dams are not only limited to hydropower.
Over the past 12 months, Blue Nile generated $22.9 million cash while it booked net income of $7.7 million. That means it turned 6.1% of its revenue into FCF. That sounds OK.
The row dates back to 2011 when Ethiopia began building the Grand Ethiopian Renaissance Dam (Gerd) on the Blue Nile, a tributary from where 85% of the Nile's waters flow.
Blue Nile (NAS: NILE) reported earnings on May 8. Here are the numbers you need to know. The 10-second takeaway For the quarter ended April 1 (Q1), Blue Nile met expectations on revenues and ...
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