China’s Golden Concord Group Ltd. agreed to supply natural gas to Aliko Dangote’s planned fertilizer unit in Ethiopia for 25 years in a deal valued at $4.2 billion.

A landslide in Ethiopia’s southern Gamo region after days of torrential rain led to the deaths of at least 65 people, according to a government agency.

Also: companies including Apple are quitely dropping ESG links to executive pay.

The East African country is making use of cheap hydropower and Chinese electric vehicles to ditch the internal combustion engine.

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.

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 aims to conclude its debt-restructuring process under the Group of 20 Common Framework by mid-2026, Finance Minister Ahmed Shide said.

Ethiopia aims to conclude its debt-restructuring process under the Group of 20 Common Framework by mid-2026, Finance Minister Ahmed Shide said.

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.