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Ethiopia

Ethiopia
Population: 107.4m
GDP: $205.13bn
Debt: 30.5% of GDP (2024)

news from Ethiopia

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Found 324 articles.

Displaying 1-10 out of 324 results.

DISPATCHES

Defence Minister insists Ethiopia not be part of new AU mission

The regional dispute is escalating as Mogadishu says Ethiopian troops are not welcome and have been excluded from the peacekeeping operation

Somalia’s Defence Minister Abdulkadir Mohamed Nur has insisted that Ethiopia will not participate in a new African Union (AU) peacekeeping mission which is set to begin in January...

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DISPATCHES

Abiy plays down threat of conflict over Red Sea access

The Prime Minister has made efforts to calm tensions amid the escalating dispute with Mogadishu and to avert his state’s potential isolation in the region

Prime Minister Abiy Ahmed’s remarks to the Ethiopian parliament last week that his government was seeking access to the Red Sea ‘through peaceful means’ could mark a critical...

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Middle powers line up behind Addis and Mogadishu

Egypt and Somalia have signed a military pact to scupper Ethiopia’s trade-off with Somaliland for a port in the Gulf of Aden

Nothing better illustrates the radical shift in regional relations than the defence agreement signed by Egypt and the Federal Government of Somalia on 14 August, two days after...

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Home-grown reforms and political muscle seal $3.4bn IMF deal

Government forecasts strong growth but its shifts on devaluation and economic liberalisation will have to show results quickly

Backed by a US$3.4 billion IMF extended credit facility (ECF), Prime Minister Abiy Ahmed’s administration has a fighting chance to return the national finances to debt sustainability and...

How Tigray is turning on itself

The fight for control of the ruling TPLF is slowing the region’s post-war recovery and playing into the hands of the federal government

Instead of moving towards the much-discussed national reconciliation, Ethiopia is grappling with a new bout of regional factionalism. The two largest regions, Oromia and Amhara, are already plagued...

Abiy pushes radical reforms for debt deal

A multi-billion-dollar financing programme and debt restructuring deal are taking shape but the political risks are high at home and in the region

Prime Minister Abiy Ahmed’s grand plan to raise over US$10 billion from international financial institutions and the restructuring of Ethiopia’s $28bn foreign debt after defaulting on its Eurobond...

Central bank floats birr to secure IMF deal

Foreign exchange reform will remove market distortions, but is the economy entering a danger zone of further devaluation and greater inflation?

The quid pro quo that Addis Ababa will gain from the international financial institutions and from sundry investors and creditors must have reassured Prime Minister Abiy Ahmed that...

DISPATCHES

Abiy agrees $3.4bn IMF deal

Ethiopia’s move to a market-based foreign exchange regime, a requirement of the new financing programme, saw the birr drop 30% against the dollar

Prime Minister Abiy Ahmed’s government has reached an agreement with the IMF on a four-year US$3.4 billion loan – part of a $10.7bn financing programme from the Fund...

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Djibouti joins fight against the Abiy-Bihi pact

Fearing big losses if Addis Ababa’s port access deal with Somaliland goes ahead, President Guelleh wants to scupper it

Battle drums are sounding, but the casus belli is still being determined. Nobody yet knows whether the Memorandum of Understanding (MoU) between Ethiopia’s Prime Minister Abiy Ahmed and...

Shots and plots

On 15 July, local militias on the outskirts of Abudwaq, in Galmudug, stopped a convoy of two trucks loaded with infantry weapons coming from Ethiopia and led by...

Displaying 1-10 out of 324 results.

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