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.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...