Country: Ethiopia
Related Posts
China’s Crisis Diplomacy Is in Overdrive – but to What Effect?
By Lukas Fiala 方朗克 When China’s Horn of Africa Envoy, Xue Bing, returned to Ethiopia earlier this week, he did so in the context of China’s increasingly proactive diplomacy across Africa and the Middle East. From the conflict in Gaza to the peace ...
WEEK IN REVIEW: Ethiopia Debt Update | China @COP28 | Chinese Energy Projects in Africa
Ethiopia is the latest African country that is now teetering on the verge of default after the government announced this week that it would not be able to make a $33 million bond payment. Eric speaks with Mark Bohlund, a senior ...
Ethiopian Bonds Spike As It Awaits Official Default
Ethiopia’s bond price jumped to their highest level since January on the news that the government will not make a $33 million interest payment due on 11 December. Ethiopia has a 14-day grace period to come up with the money, after which
Examining New Data on Chinese Foreign Direct Investment across the Wider Mediterranean Region
Chinese foreign direct investment (FDI) in the Mediterranean region grew by 5% in 2022 but differed by region. While the Middle East accounted for the bulk of the increase, southern Europe and North Africa suffered investment slumps. This is the key ...
Ethiopia To Default on Bond Payment
Ethiopia is set to join Zambia, Sri Lanka, and Ghana on the debt chopping block following the announcement that it can’t pay a $33 million bond coupon due on Monday. The country will officially be in default once a 14-day grace period elapses. ...
Chinese Infrastructure Projects in Africa Don’t Meet ESG Standards
Two years ago, China introduced a series of new so-called "green guidelines" that it hoped would promote more sustainable development abroad. But in Africa, according to a new research report, it appears those higher environmental, social, and ...
African, Chinese Exim Banks Sign $600 Million Trade Deal
China Exim Bank has signed a $600 million deal with the African Export-Import Bank to boost trade and economic cooperation between Afreximbank member states and China. At present, it is unclear which specific sectors will be targeted via the deal, which was signed ...
Africa’s Strong Presence at China’s Belt & Road Forum
Five of the 24 heads of state who attended this week's Belt and Road Forum in Beijing were from African countries, highlighting the prominent role the continent played at the event. Many of the themes ...
Ethiopia-China Ties Upgraded
China upgraded its relations with Ethiopia to an “all-weather” strategic partnership. The announcement came after Ethiopian Prime Minister Abiy Ahmed’s meeting with Xi Jinping. The upgrade comes as Ethiopia is slowly emerging from its civil war and recently joined the BRICS group. ...
Ethiopian Prime Minister Meets China’s Premier
Ethiopian Prime Minister Abiy Ahmed held talks with Chinese Premier Li Qiang in Beijing on Monday. The PM is on an official visit to China and will attend the Belt and Road Forum. In the Xinhua
The Belt and Road Forum Is All About Deals, Deals, Deals
One of the reasons so many leaders from around the world are in Beijing is because the Belt and Road Forum is expected to be an important space for new deals. Some leaders are traveling with large corporate entourages in the hope of finalizing trade and investment ...
Poor Countries Seek Bilateral Debt-Relief Efforts After Rebuf From IMF and World Bank
The International Monetary Fund's director dismissed calls debt cancellation from Ghana, Nigeria and other countries on the continent, saying it would adversely impact domestic creditors. (INVESTING) ETHIOPIA: After receiving debt relief from China, Ethiopia is reviving ...