S&P pushes Ethiopia’s ratings into junk territory on delayed debt restructuring (Reuters) -Ratings agency S&P Global cut Ethiopia’s sovereign rating to ‘CCC+’ from ‘B-’ on Friday, citing heightened political instability and delays to debt restructuring. [Read More]
Ethiopia creditors’ committee meets as Addis seeks new IMF facility By Dawit Endeshaw ADDIS ABABA, Sept 22 (Reuters) – Ethiopia’s creditors’ committee held its first meeting on Sept. 16, the state minister of finance said on [Read More]
#Ethiopia: Bringing #Bitcoin To Ethiopia With Kal Kassa Spreading knowledge about the power of Bitcoin doesn’t just happen by accident. Getting information out to those who need it requires expertise and concerted effort from someone [Read More]
Investigation reveals Ethiopian Airlines’ role in cruel global wildlife trade (Worldanimalprotection)—Our new Cargo of Cruelty report reveals Ethiopian Airlines is shipping live wild animals from West Africa around the world for use as exotic pets. [Read More]
Ethiopia secures $408m from IMF to shore up the economy and pay for the Tigray war “Ethiopia’s government officials, sitting on a forex reserve that is only enough to cover two and a half months [Read More]
Banks Pitch In to Help Finance Ethiopian Government’s War Effort By Fasika Tadesse and Simon Marks Lenders contribute millions of dollars to funding drives Federal forces have been battling dissidents since November (Bloomberg)—Banks, businesses and [Read More]
China’s EximBank withholds $339 mln in funds to Ethiopia, cites debt repayment pressures Aug 16 (mobile) – The EximBank of China is withholding about $339 million in credit to Ethiopia on worries disbursing additional credit [Read More]
#Ethiopia : Bankers perplexed by war contributions request clarification. The Ethiopian Bankers Association, on behalf of 18 commercial banks, has asked for an explanation on how to make the financial support, amounting to an estimated [Read More]
MTN opts out of a second bid for Ethiopia telco licence over risk By JULIUS BARIGABA (Theeastafrican)—After losing out to the Safaricom-led consortium in the race for a telecom licence in Ethiopia in May, MTN [Read More]
Banks Ordered to Temporarily Suspend Lending in Ethiopia By Fasika Tadesse August 13, 2021, 7:14 AM EDT Updated on August 13, 2021, 11:51 AM EDT Unclear which loan categories affected by Aug. 11 directive Banks [Read More]
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