Tag Archive for: Economy
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…
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…
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…
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…
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…
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…
Ethiopia’s privatization program threatened by security risks
(Ecofin Agency) - Ethiopia’s initiative to privatize public companies could be hampered by security risks.
"In recent months, the conflict between Ethiopia's central government and the leaders of the Tigray region has dominated the news.…
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…
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…
Ethiopia is set to end its $3.6 billion oil deal with a controversial US firm after probe
Source: Quartz Africa | By Zecharias Zelalm
Senior officials at Ethiopia’s Ministry of Mines and Petroleum say the government is set to rescind an agreement with a US-based self-described energy firm after an investigation by Quartz Africa revealed…