The article gives another reason:
Authorities say the river will help expand agricultural land and reduce the need to import food and wheat.
The Russian invasion of Ukraine in February last year drove a global surge in wheat prices, leaving Egypt struggling as it is the world’s biggest wheat importer.
In addition, in recent years there have been droughts in East Africa as well, which can’t have been good for the amount of water the Nile carries, and the dam you mention just adds to the whole thing.
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