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Ethiopia

Ethiopia
Population: 111.9m
GDP: $125.74bn
Debt: 41.1% of GDP (2026 forecast)

news from Ethiopia

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Found 353 articles.

Displaying 24 results from 2024 (out of 353 total).

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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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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...

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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...

Tigray war accord isn’t ending the fighting over Amhara border

The Pretoria deal stopped large-scale combat but didn’t resolve the disputes over territory and resources

The rebellions and counter-insurgency operations causing havoc in Ethiopia’s two largest regions, Amhara and Oromia, have overshadowed the aftermath of the two-year civil war centred on the dissident...

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Turkey hosts first round of talks on port row

Turkish Foreign Minister Fidan said the negotiations have been ‘candid, cordial and forward-looking’

Turkey mediated the first round of talks between Somalia and Ethiopia’s foreign ministers on Monday in the first international attempt to ease diplomatic tensions between the two Horn...

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Abiy tries to restart liberalisation agenda

A new bill paves the way for overseas banks to acquire stakes in domestic lenders, after the civil war in Tigray stymied a previous attempt

Abiy Ahmed’s government appears to be attempting to breathe new life into liberalising Ethiopia’s economy. The Council of Ministers in Addis Ababa has approved a bill that would...

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Abiy keeps Addis on side but alienates the nation

Insurgencies rage in the three largest regions but the Prime Minister has reinforced his grip on the capital

Prime Minister Abiy Ahmed's political shapeshifting has cost him popular support in the Amhara, Oromia and Tigray regions leaving only those in power in Addis Ababa and the...

How war sank the development plan

After the devastating human cost of the Tigray war comes its destruction of the country’s economic base

Almost six years since taking office, Ethiopia's Prime Minister Abiy Ahmed presides over an economy that falls far short of the grand ambitions set forth in the 2019...

Addis enters the debt talks tunnel

Abiy Ahmed’s government is edging towards an IMF deal as it approaches a March deadline for a debt agreement

Three years after Ethiopia officially requested relief under the G20-backed Common Framework for debt treatments beyond the Debt Service Suspension Initiative (DSSI), Prime Minister Abiy Ahmed's administration is...

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Taking Amhara to Washington

Loyalists to Abiy Ahmed turned dissidents take their case to the US capital to lobby Congress and the Biden administration

The ultra-nationalist Amhara Fano Unity Council (AFUC) led by Fano militia leader Mihret Wodajo is stepping up its political advocacy in the United States after registering lobbyists...

Demeke's exit points to deepening rifts

Whether the foreign minister jumped or was pushed, the lesson is clear – zero tolerance for debate in government

The fall-out that triggered the exit of long-serving Deputy Prime Minister and Foreign Minister, Demeke Mekonnen is another sign of the widening gap between Prime Minister Abiy Ahmed...

Oromo peace momentum falters

There were high hopes of a resolution to the OLA insurgency, but the will is not yet there on the rebel side and Abiy fears a deal may alienate other regions

The outlook for a settlement between the government and the Oromo Liberation Army (OLA) has taken a hit: fighting has resumed after peace talks ended in acrimony late...

Reality catches up with gambler Abiy

Prime minister Abiy's diplomatic ploy may distract attention from a weakening central state and economy

Prime Minister Abiy Ahmed's announcement on New Year's Day that his country would be granted access to the Red Sea by the breakaway republic of Somaliland illustrates his...

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Abiy races for funds after debt default

Prime Minister under pressure to conclude restructuring talks with IMF and international creditors as Addis Ababa's finances remain under severe strain

The failure of Abiy Ahmed's government to make a US$33 million coupon payment on its only international government bond in late December confirmed Ethiopia's status as the third...

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Displaying 24 results from 2024 (out of 353 total).

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