Tag: Ethiopia

The Chinese state-owned construction company that built the 752km Ethiopia-Djibouti railway formally turned over control of the railway to the two host governments. The handover took place on Friday at a ceremony in the Ethiopian capital Addis Ababa, where officials ...

The organizers of the Beijing half marathon said Monday they were investigating after footage, shared widely online, appeared to show three African runners deliberately allowing China's He Jie to win. Video clips of Sunday's race showed the Kenyans, Robert Keter and ...

China's point man for the Horn of Africa, Special Envoy Xue Bing, wrapped up a two-day visit to Mogadishu on Tuesday, during which he met separately with President Hassan Sheikh Mohamud and Prime Minister Hamza Abdi Barre. The President thanked Xue for ...

Ethiopian Airlines launched a new Chinese-built logistics hub at Bole International Airport in Addis Ababa to meet the growing demand for e-commerce deliveries in Africa. The new 15,000 square meter facility has the capacity to process 150,000 tonnes of goods each ...

Trade between the African continent and the central Chinese province of Hunan grew to $7.79 billion in 2023. The increase solidifies Hunan’s status as a center of African agricultural trade. The province was integrated into regional transport networks, which positioned it as a fresh commodities hub.

The IMF is forecasting the Ethiopian economy will grow 6.2% this year, an impressive figure for a country that is digging itself out of a massive debt hole and recovering from the trauma of a two-year civil war. If the government ...

The Ethiopian Foreign Ministry issued a statement reaffirming its support for the One China Policy. This follows China expressing support for Somalia after Ethiopia’s deal with Somaliland to lease 20 kilometers of coastline in exchange for diplomatic recognition. Ethiopia reportedly wants to build a naval base and commercial port ...

China expressed support for the government of Somalia amid a controversy about a deal between Ethiopia and Somaliland, which Mogadishu views as a breakaway province. In early January, the governments of Ethiopia and Somaliland announced they signed a memorandum of understanding that ...

The International Monetary Fund said it is hopeful that Ghana will reach a debt agreement with bilateral creditors soon, which would unlock another $600 million IMF payment to the country. The IMF’s Resident Representative for Ghana, Leandro Medina told Reuters: "We are ...

Ethiopia is widely expected to default on a portion of its debt as the government warned it will not be able to make a $33 million bond payment due on Monday. Ethiopia is in the midst of Chinese-led debt restructuring talks under the G20's Common Framework initiative. 

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 ...

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