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29 search results for: debt

11

Ethiopia Faces a New Crisis

Bloomberg | First there was a war, now Ethiopia faces a debt crisis. The nation’s request to restructure its external debt under a Group-of-20 program highlights how much circumstances have changed for the country and Prime Minister Abiy Ahmed in just over a year. In 2019, Abiy won the Nobel Peace Prize for ending two decades of […]

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As Ethiopia fills its Nile dam, regional rivalries overflow

The Christian Monitor | When African Union-mediated talks between Ethiopia, Egypt, and Sudan over a Nile River dam broke down yet again last month, it didn’t mark a new disagreement over sharing vital water resources. Rather, it was a case of regional rivalries trumping understandings about science and cooperation that have been laid out by […]

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Ethiopia looks to Germany amid EU funding fight

Devex | With the European Union withholding payments to the Ethiopian government over the conflict in its Tigray region, Prime Minister Abiy Ahmed spoke to one of the bloc’s most influential national leaders Tuesday on improving bilateral ties. “Good phone call with Chancellor Angela Merkel on national and regional issues,” Abiy tweeted, “including #COVID19 as well as strengthening […]

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Situation Report EEPA HORN No. 74 – 02 February 2021

Europe External Programme with Africa is a Belgium-based Centre of Expertise with in-depth knowledge, publications, and networks, specialised in issues of peace building, refugee protection and resilience in the Horn of Africa. EEPA has published extensively on issues related to movement and/or human trafficking of refugees in the Horn of Africa and on the Central Mediterranean […]

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Ethiopia’s privatization program threatened by security risks

(Ecofin Agency) – Ethiopia’s initiative to privatize public companies could be hampered by security risks. “In recent months, the conflict between Ethiopia’s central government and the leaders of the Tigray region has dominated the news. Although federal government troops have regained control of Tigray, the conflict illustrates potentially serious flaws in Ethiopia’s federal system,” the […]

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UK backs Sudan economic reforms with over $50 million

Source: AP | Noha Elhennawy  Britain’s foreign secretary announced Thursday that his government would offer more than $50 million to help poor Sudanese families as their government embarks upon major austerity measures to revive its battered economy, Sudan’s state news agency reported. On a visit to Khartoum, Dominic Raab and Sudanese Minister of Finance and […]

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Situation Report EEPA HORN No. 58 – 17 January 2021

Europe External Programme with Africa is a Belgium-based Centre of Expertise with in-depth knowledge, publications, and networks, specialised in issues of peace building, refugee protection and resilience in the Horn of Africa. EEPA has published extensively on issues related to movement and/or human trafficking of refugees in the Horn of Africa and on the Central Mediterranean […]

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Situation Report EEPA HORN No. 47 – 07 January 2021

Europe External Programme with Africa is a Belgium-based Centre of Expertise with in-depth knowledge, publications, and networks, specialised in issues of peace building, refugee protection and resilience in the Horn of Africa. EEPA has published extensively on issues related to movement and/or human trafficking of refugees in the Horn of Africa and on the Central Mediterranean […]

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05/01/2021 News and Commentary

Ethiopia in Crisis Ethiopia’s total debt reached 51% of its GDP Ethiopia’s total domestic and foreign debt has reached 54.7 billion US Dollar (2.01 trillion birr)  (50.8 percent of the country’s GDP), according to a recent government debt statement. Source: Reporter  Desert outbreak in Ethiopia caused 356, 286 metric tonnes of cereal loss In a […]