News Ethiopia Debt: Ethiopia Secures Deal to Restructure Eurobond Notes due 2024
Ethiopia has reached agreement in principle with Ad Hoc Committee of its Eurobond holders on principal financial terms of restructuring of 2024 Notes. The ...
News Ethiopia Debt: Ethiopia wants to join the BRICS group of nations: an expert unpacks the pros and cons
Ethiopia's Prime Minister Abiy Ahmed (left) with China's President Xi Jinping in Beijing in 2018. Andy Wong / AFP via Getty ImagesA few years ago, the BRICS grouping – Brazil, Russia, China, India and South Africa – had lost salience because three of its members were in severe economic difficulty. Brazil, Russia and South Africa are primarily natural resource exporters and were badly affected by the global commodity price bust of 2014. Russia’s invasion of Ukraine has now given BRICS a new geopo
News Ethiopia Debt: Ethiopia hosts round table dedicated to 2nd Russia–Africa Summit
Ethiopia Wednesday hosted a round table dedicated to the Second Russia – Africa Summit and Economic and Humanitarian Forum. The main topic of discussion was trade and economic cooperation and social ...
News Ethiopia Debt: IMF delays hold up Ethiopia’s debt talks
Ethiopia owes USD 26 billion, mainly to China, and has paid USD 1.7 billion in debt service already in 2022. Bilateral talks with China began in March over USD 13 billion owed to China’s Exim Bank.
News Ethiopia Debt: Zambia Debt Deal Spurs Rally Across Distressed Emerging Markets
(Bloomberg) -- Bonds of developing nations in debt distress gained on Friday in a broad relief rally sparked by Zambia’s precedent-setting deal with bilateral creditors.Most Read from BloombergTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionFive-Star Hotel Guest Leaves Without Paying After 603-Night StayThe Big Names That Got Backstop for Billions in Uninsured SVB DepositsThese Are the World’s Most (and Least) Liveable Cities in 2023US Navy Detected Titanic Submersible’s Implosion Day
News Ethiopia Debt: Zambia Debt Deal Spurs Rally in Distressed Emerging Markets
(Bloomberg) -- Bonds of developing nations in debt distress gained on Friday in a broad relief rally sparked by Zambia’s precedent-setting deal with bilateral creditors.Most Read from BloombergTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionFive-Star Hotel Guest Leaves Without Paying After 603-Night StayThe Big Names That Got Backstop for Billions in Uninsured SVB DepositsThese Are the World’s Most (and Least) Liveable Cities in 2023US Navy Detected Titanic Submersible’s Implosion Day
News Ethiopia Debt: Ethiopia pins hopes on debt bill to woo private creditors
Ethiopia is pinning its hopes for desperately needed debt relief on a New York bill that could force private creditors like bondholders to give terms ...
News Ethiopia Debt: Oxfam Novib and Goodwell target East African startups with €20M Pepea fund
Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7 million) fund, to provide financing to early-stage startups in Kenya, Uganda and Ethiopia. The fund, created with the backing of Oxfam Novib Impact Investments, will provide venture debt with a focus on mezzanine finance, which is a debt that can be turned into equity. Pepea will target early-stage businesses that have been in existence for one to five years, and are generating revenues but yet to raise capital.
News Ethiopia Debt: Oxfam, Goodwell Investments partner to credit Sh2.88 billion to SMEs
The funding is capped between $100,000 (Sh13.2million) and $500,000 (Sh66.3 million).It will mainly focus on sustainable agriculture, energy, clean mobility, logistics and waste management sectors. Small and Medium-sized Enterprises are set to benefit from Sh2.88 billion funding by Oxfam Novib in partnership with Goodwell Investments, pointing towards resilience and increased access to credit.The funding targets enterprises in the country and...
News Ethiopia Debt: How to get out of credit card debt and remain debt free
Americans have racked up nearly $1 trillion in credit card debt, a record amount. High inflation and the end of pandemic stimulus programs have forced many to drain their savings and use credit ...
News Ethiopia Debt: The best credit cards of March 2023
There are so many credit cards available to consumers that it can be hard to choose the best one. There's no "one size fits all" credit card, but instead options for different types of people ...
News Ethiopia Debt: Blinken praises Ethiopia on Tigray peace, no return to trade programme yet
By Daphne Psaledakis and Dawit Endeshaw ADDIS ABABA (Reuters) -U.S. Secretary of State Antony Blinken praised Ethiopia on Wednesday for its progress in implementing a peace deal to end the Tigray conflict but stopped short of ushering the country back into a U.S. trade programme. Visiting Ethiopia to repair relations that were strained by the two-year war in the northern region, Blinken met with
News Ethiopia Debt: Pakistan, Ethiopia agree to evolve plan on debt relief issues
Talking to his Ethiopian counterpart Abiy Ahmed Ali over telephone today (Monday), he emphasized that while debt suspension will help free up resources, enhanced measures are needed to reboot the ...
News Ethiopia Debt: Ethiopia, African Dev’t Bank Discuss on Ways to Further Enhance Bilateral Cooperation
May 28/2022/ENA/ The Ethiopian delegation led by State Minister of Finance Semereta Sewassew, held productive meetings with officials of the African Development Bank on the progress of the Bank’s new initiatives, the Bank’s portfolio performance and how to strengthen cooperation with the Bank.The delegation held the discussion with African Development Bank’s East Africa Regional Director-General Nnenna Nwabufo and Deputy DDG Dr. Abdul Kamara, on...
News Ethiopia Debt: JPMorgan warns 10% of junk-rated emerging markets facing debt crises this year
Rising borrowing costs and the worldwide fallout from the Russia-Ukraine war could see up to 10% of riskier 'junk'-rated emerging market countries suffer debt crises this year, analysts at U.S. investment bank JPMorgan have warned.
News Ethiopia Debt: Ethiopia plays Europe off China in bid to boost investment
This article is part of the occasional series EU in Africa. ADDIS ABABA, Ethiopia — For the past four years, Welibuw Buzenehe watched as China built a new national sports stadium in the heart of the ...
News Ethiopia Debt: Ethiopia-China cooperation benefits both sides: Ambassador
"That's why Ethiopia has joined the Belt and Road Initiative from the very beginning." Refuting 'debt-trap diplomacy' The ambassador rejected accusations that China is pursuing a policy of "debt-trap ...
News Ethiopia Debt: Safaricom seeks $2b to bankroll Ethiopia operations
Kenya’s largest telco Safaricom is seeking to raise up to $2 billion from local banks and development finance institutions (DFI) in five years to fund its Ethiopian subsidiary, which is set to start ...
