Ethiopia says it reached an agreement in principle with bondholders over the restructure of a $1 billion bond on which it defaulted in 2023, and sees progress in efforts to revamp the debt this year.
Ethiopia says it reached an agreement in principle with bondholders over the restructure of a $1 billion bond on which it defaulted in 2023, and sees progress in efforts to revamp the debt this year.
Pedestrians near Merkato open-air marketplace in Addis Ababa, Ethiopia, on Thursday, Jan. 9, 2025. Ethiopia is opening a stock exchange after a five-decade gap, in its latest step to lure investors to a nation that’s struggling to control regional strife as it recovers from a civil war. Photographer: Amanuel Sileshi/Bloomberg
Ethiopia aims to conclude its debt-restructuring process under the Group of 20 Common Framework by mid-2026, Finance Minister Ahmed Shide said.
Traffic along a main road in central Addis Ababa, Ethiopia, on Thursday, Dec. 7, 2023. The Horn of Africa nation has been seeking to rework its liabilities since 2021 as a civil war in the northern Tigray region soured investor sentiment and sapped economic growth.
Ethiopia aims to conclude its debt-restructuring process under the Group of 20 Common Framework by mid-2026, Finance Minister Ahmed Shide said.
Traffic along a main road in central Addis Ababa, Ethiopia, on Thursday, Dec. 7, 2023. The Horn of Africa nation has been seeking to rework its liabilities since 2021 as a civil war in the northern Tigray region soured investor sentiment and sapped economic growth.
Bank of America Corp. plans to sponsor the Great Ethiopian Run, a rare venture by an international lender into Africa’s most populous nation after Nigeria.
Bank of America Corp. plans to sponsor the Great Ethiopian Run, a rare venture by an international lender into Africa’s most populous nation after Nigeria.
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