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’s birr faces further losses as the nation restructures its debt after a steep depreciation made it one of the world’s worst currencies this year. The unit fell more than 15% against the ...
Eritrean President Isaias Afwerki, left, is welcomed by Ethiopian Prime Minister Abiy Ahmed at Addis Ababa International Airport, Ethiopia, July 14, 2018 (AP photo by Mulugeta Ayene). Tensions between ...
ADDIS ABABA, Ethiopia (AP) — A long-dormant volcano erupted in northern Ethiopia over the weekend, sending ash plumes across the Red Sea toward Yemen and Oman. Unmentioned but present, Trump is a ...
Ethiopia on Friday confirmed its first Marburg outbreak after nine cases were identified in a southern region of the country that borders South Sudan. The World Health Organization Director-General ...
This is read by an automated voice. Please report any issues or inconsistencies here. ADDIS ABABA, Ethiopia — Ethiopia on Tuesday inaugurated Africa’s largest dam to boost the economy, end frequent ...
Ethiopia officially inaugurated Africa’s largest hydroelectric dam on Tuesday, a project that will provide energy to millions of Ethiopians while deepening a rift with downstream Egypt that has ...
Johannesburg — Africa's largest hydroelectric dam, the Grand Ethiopian Renaissance Dam (GERD), on the Blue Nile is scheduled to open Tuesday to major fanfare in Ethiopia. The $5 billion dam project ...
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Over the past 20 months, as multiple wars have swept across the Middle East, the southern end of the Red Sea has become a source of international concern. In the early months of 2025 alone, the United ...
ADDIS ABABA, June 10 (Reuters) - Ethiopia's economy will grow slightly faster in the fiscal year that starts next month, while its budget deficit will increase marginally, its finance minister said on ...