Business

Ethiopia: Lest Backbreaking Inflation Boils Over Into Instability, Chaos The hopes of leading a decent life are becoming dimmer by the day for the vast majority of Ethiopians. From the raft of ethnic-based conflicts in [Read More]

IMF, Ethiopia agree framework for loan deal reviews By Omar Mohammed NAIROBI (Reuters) – The International Monetary Fund said on Tuesday it had agreed a blueprint for the completion of reviews of Ethiopia’s loan programme, taking [Read More]

World Bank questions Ethiopia’s stance in telecoms competition (capacitymedia)—The World Bank has warned the government of Ethiopia not to take measures that hinder the development of telecoms in the country. It is criticising the restriction [Read More]

S&P joins Fitch in downgrade of Ethiopia on potential debt restructuring (Reuters) – S&P Global Ratings on Friday downgraded Ethiopia’s long-term foreign and local currency sovereign credit ratings to ‘B-’ from ‘B’ on potential debt [Read More]

Taming the Beast: Accepting the Parallel Market and Adopting a Dual Exchange Rate Published by Ayele Gelan on 2019-06-05 (dinagddee)—-PM Abiy Ahmed has done his level best to cope with Ethiopia’s foreign exchange crisis that he inherited. He [Read More]

Paris Club of international creditors accept Kenya debt relief request LONDON (Reuters) – The Paris Club of international creditors said on Monday it had accepted a request from Kenya for a debt-servicing suspension from January [Read More]

Ethiopia’s Economy in 2021 By Samson Berhane How low would economic growth be? (Thereporterethiopia)–The Coronavirus pandemic and the heightened level of natural disasters across the world prompted people from across the globe to be a [Read More]

In Ethiopia, Vodafone secures up to $500m in loans amid pandemic By Quentin Velluet (theafricarepor)—In early January the US International Development Finance Corporation (DFC) gave the green light for a loan to support Vodafone in its [Read More]

Ethiopia: Gold mining sees record growth despite Covid-19 By Samuel Getachew, (Theafricarepor)—High gold prices are boosting Ethiopia’s mining revenue and attracting more investor interest in a sector that is largely dominated by artisanal and smaller players. [Read More]