Ethiopia is advancing debt restructuring negotiations with creditor countries in an effort to secure $3.5 billion in debt relief, Minister of Finance Ahmed Shide told lawmakers on Tuesday.

The African Development Bank (AfDB) forecasts Ethiopia’s economy will grow by 7.3 percent in 2025, deviating significantly ...

At dawn, EsatuTesfaye hoists two empty jerrycans onto his donkey and begins the 14-kilometer trek to the nearest fuel depot ...

This is seen as part of a wider strategy for opening up more of the economy of one of the world’s fastest-growing countries ...

Their classification as partner nations allows them to participate in the 2025 BRICS Summit holding from July 6-7 in Rio de ...

Ethiopia is in the midst of a historic economic transformation--shaped by bold policy choices, strategic investments, and a firm commitment to sustainable, inclusive growth. Since the launch of its ...

Djibouti has been navigating regional tensions well, with robust growth, moderate inflation, and recovering reserves. In response to global uncertainties and domestic debt challenges, the authorities ...

Ethiopia has formally opened its banking sector to international investors for the first time, marking the most major change ...

Instead, the IMF’s ability to provide debt service relief on its loans to members is based on the availability of grants for the repayment of those loans. The IMF can mobilize these grants from donors ...

The Kenyan government is applauding the brutal repression of protesters, which left at least 16 dead and hundreds injured, ...

The next wave of expansion came at the 2023 BRICS Summit, with invitations extended to six newcomers: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE).