World Bank concerns about ‘unrest in Ethiopia’
Anadolu Agency | It would engage with relevant officials ‘to safeguard the rights and interests of all Ethiopians,’ says World Bank Group-
The World Bank Group (WBG) on Friday expressed “great concern” about unrest in Ethiopia, saying…
Uganda, Ethiopia, Egypt… the hidden cost of internet blackouts
African Report | Communication technology is a double-edged sword. It can empower people to access and share information globally, or be used as an instrument of political and economic control. While hopes were raised by the Arab Spring a decade…
World Bank questions Ethiopia’s stance in telecoms competition
Capacity | The World Bank has warned the government of Ethiopia not to take measures that hinder the development of telecoms in the country.
It is criticising the restriction of digital financial services to Ethiopian firms and nationals and…
EU development chief calls for united response on Ethiopia
DevEx | The European Union’s top representative for development aid said Tuesday that the bloc needs to “plan very carefully” when it comes to Ethiopia, as Brussels continues to withhold funding from the government over the conflict in…
S&P joins Fitch in downgrade of Ethiopia on potential debt restructuring
(Reuters) - S&P Global Ratings on Friday downgraded Ethiopia’s long-term foreign and local currency sovereign credit ratings to ‘B-’ from ‘B’ on potential debt restructuring, announcing the move days after Fitch Ratings downgraded…
Why is the Grand Ethiopian Renaissance Dam contentious?
The Economist | The project has been a source of disputes in north-east Africa for a decade
DAMS HAVE several uses. They generate electricity, store water for crop irrigation and help to prevent floods. They can also cause dispute and heartache—for…
Ethiopia in debt restructuring, downgrade after printing money, despite low deficit
ECONOMYNEXT – Ethiopia had been downgraded to ‘CCC’ from ‘B’ by Fitch Ratings after it applied for ‘Paris Club’ debt relief having printing money through central bank advances, despite relatively low government debt and a budget…
Ethiopia dollar bonds drop after Fitch downgrade
NASDAQ | Ethiopia's sovereign dollar bonds dropped nearly 2 cents after Fitch downgraded the country to CCC, citing the government's plan to make use of the new G20 common framework to overhaul its debt burden.
The country's outstanding 2024…
Ethiopia debt restructuring plan faces hurdles of transparency
The African Report | Ethiopia’s plan to seek debt restructuring under a G20 common framework agreed in November triggered a sell-off in African debt at the end of January on fears of a contagion effect.
The framework enables debtor countries…
Fitch Downgrades Ethiopia to ‘CCC’ – Rating Action Commentary
Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of 'CCC' or below.
KEY RATING DRIVERS
The downgrade reflects the government's announcement that it is looking to make use of the G20 "Common Framework for…