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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…
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Desert Locust situation update 4 February 2021 – FAO

FAO | Numerous immature swarms persist in southern Ethiopia and Kenya. There has been increased swarm movement in Oromia (East Harerge, Bale, Borema, Arsi) and SNNP (South Omo) regions of the south. The few swarms that moved to northern Ethiopia (Afar…
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Ethiopia Faces a New Crisis

Bloomberg | First there was a war, now Ethiopia faces a debt crisis. The nation’s request to restructure its external debt under a Group-of-20 program highlights how much circumstances have changed for the country and Prime Minister Abiy…
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Ethiopia asks for debt relief as Covid takes toll

Financial Times | Pandemic adds to pressure on developing economies trying to meet repayments Ethiopia has asked for debt relief under a G20 programme to help poor countries reeling under the economic impact of coronavirus, making it the second…
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Airtel won’t bid for Ethiopia licence, but China’s Sharing Mobile will

Capacity | Indian operator Airtel, which has 110 million customers in Africa, will not bid for one of the upcoming Ethiopian licences, China’s Sharing Mobile will do so.The Xinhua News Agency, the official state-run press agency of the People’s…
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Ethiopia updates debt sustainability assessment with IMF help

NAIROBI (Reuters) - Ethiopia is updating its debt sustainability assessment with International Monetary Fund help and will then talk to official creditors, its finance ministry said in an apparent attempt to allay market concerns over a possible…
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Chinese ambassador, Ethiopia capital mayor agree to enhance economic partnership

ADDIS ABABA, Jan. 29 (Xinhua) -- Chinese ambassador to Ethiopia Zhao Zhiyuan and Mayor of Ethiopia's capital city Adanech Abiebie agreed on Friday to enhance the economic partnership between the two countries. In a press statement, Abiebie…
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Exclusive: Ethiopia to seek debt relief under G20 debt framework – ministry

NAIROBI (Reuters) - Ethiopia plans to seek a restructuring of its sovereign debt under a new G20 common framework and is looking at all the available options, the country’s finance ministry told Reuters on Friday. Ethiopia’s government…
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Ethnic conflict could unravel Ethiopia’s valuable garment industry

Source: The Conversation | Dorothee Baumann-Pauly Ethiopia has long been considered one of Africa’s economic wunderkinds. Until recently, it had relative political stability in comparison to other countries on the continent. And, with an…
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Mysterious Wheat Deals Complicate Hunger Fight in Ethiopia

Source: Bloomberg | Samuel Gebre, Agnieszka de Sousa and Simon Marks Nation scrapped import tenders for grain after no progress Ethiopia is seeking outside assistance to help feed its people Back in November, Ethiopia unveiled two deals to…