Ethiopia 'formalises debt rework' with official creditors

When Ethiopia announced the preliminary deal with its official creditors in March, it said the agreement would provide some $2.5bn (R43.78bn) of relief over 2023 to 2028, the period of its International Monetary Fund (IMF) programme. Ethiopia's OCC is …

Ethiopia Secures Major Debt Relief Deal Under G20 Common Framework

Ethiopia has reached a major breakthrough in its long-awaited debt restructuring process under the G20 Common Framework, signing a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC). The agreement, announced by the Ministry of …

Africa’s tallest skyscraper project resumes as Ethiopia revives $445 million tower bid

The $445 million project will see the erection of a 62-storey headquarters for the state-owned Ethiopian Electric Power (EEP), positioning the nation at the forefront of architectural ambition on the continent. Initially proposed in 2023, the project was …

We are proud of what we have achieved in Ethiopia: Outgoing Ambassadors of Canada & Sweden to Ethiopia

Ethiopia agrees debt restructuring memorandum with official creditors, state news agency says

Ethiopia has agreed a memorandum of understanding with its Official Creditor Committee on debt restructuring, the government's official news agency said on Wednesday. The memorandum formalises the debt restructuring agreed in principle in March this …

UK Reinforces Commitment to Boosting Ethiopia's Economic Landscape,   Reform

Addis Ababa, July 2, 2025 (ENA) – Ethiopia’s Finance State Minister Semereta Sewasew held discussions with Baroness Jane Ramsey of Wall Heath, the UK Prime Minister's Trade Envoy to Ethiopia. As one of only 32 global Trade Envoys, Baroness Ramsey …

Ethiopia: New draft law threatens to dismantle civil society

The International Federation for Human Rights (FIDH) and the World Organisation Against Torture (OMCT), within the framework of the Observatory for the Protection of Human Rights Defenders express grave concern over a newly proposed proclamation that, if …

Rhythmic mantle plume rising beneath Ethiopia is creating a new ocean

Rhythmic pulses of molten rock are rising beneath eastern Africa, according to a new study. The pulsing plume of hot mantle beneath Ethiopia, driven by plate tectonics, is slowly pulling the region apart and forming a new ocean near the Gulf of Aden and …

Egypt Says Negotiations with Ethiopia Have Reached a Dead End

  Egypt’s Foreign Minister Badr Abdelatty announced in a televised interview on Sunday that talks with Ethiopia over the Grand Ethiopian Renaissance Dam (GERD) have officially stalled, marking the end of 12 years of negotiations. “After 12 years of talks, …

Ethiopia Stresses Need for ‘Sevilla Commitment’ to Address Debt Distress, Inequality, & Climate Vulnerability

Addis Ababa, July 2, 2025 (ENA) -- At a high-level special event during the Fourth International Conference on Financing for Development (FfD4) in Sevilla, Spain, Ethiopia called for urgent action to reform global economic governance. Ambassador Samuel Isa …