Ethiopia Services 9.6b Br in Debt

Feb 9 , 2019

In the first half of the current fiscal year, Ethiopia has serviced 9.6 billion Br from its external debt, according to the Ministry of Finance. The country’s total debt currently sands at 26.791 billion dollars. For the current fiscal year, the country has targeted to service 22.5 billion Br in debt. The first half performance is 42.67pc of the target, according to Haji Ibsa, public relations director of the Ministry. Out of the total external debt, 57.3pc is owed by the government, while public enterprises owe the rest. In the first five months of the current fiscal year, the country could manage to generate 977 million dollars from the export of commodities.



They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...



Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...



Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...