Eritrea has denied claims its troops are occupying Ethiopian regions along their common border, amid rising tensions between the neighbors and fears of a resumption of conflict.
Ethiopia will return to double-digit economic growth this fiscal year after reforms backed by the International Monetary Fund eased foreign exchange constraints and strengthened exports.
Ethiopia will return to double-digit economic growth this fiscal year after reforms backed by the International Monetary Fund eased foreign exchange constraints and strengthened exports.
Ethiopia’s sole eurobond rallied almost 3 cents on the dollar after the government reached an agreement in principle with bondholders on a restructuring that would impose a relatively modest 15% haircut on the $1 billion note it defaulted on two years ago.
Pedestrians walk on a newly built walkway in Addis Ababa, Ethiopia.
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.
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