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Ethiopia’s economy battered by Tigray war
Ethiopia’s 10-month war has come at a huge human cost, with thousands killed, millions displaced and many in desperate need of assistance. But that’s not the only damage being done…
Moody’s confirms Ethiopia’s rating, outlook negative :The legacy of Abiy Ahmed
London, 07 August 2020 — Moody’s Investors Service (“Moody’s”) has today confirmed the B2 issuer and senior unsecured rating of the Government of Ethiopia, with the outlook changed to negative.…
EFFORT Claims Multi-Billion Dollar Power Deal
The Ethiopian conglomerate EFFORT Group (Tigray Rehabilitation Endowment Fund) has stated that it signed an agreement with an Australian based clean energy cooperative, Lotus Energy for the construction of a…
Ethiopia and Kenya are struggling to manage debt for their Chinese-built railways
In the wake of the Belt and Road Initiative (BRI) Forum in Beijing six weeks ago, Ethiopia gained another Chinese debt-concession. China’s second-largest African borrower and prominent BRI partner in…