Ethiopia’s $5 billion Grand Renaissance Dam is a symbol of progress—but it's also fueling international tensions. #Hydropower #Africa #MegaProjects

In July, Ethiopia reached a memorandum of understanding with the Official Creditor Committee that provides $2.5 billion in debt relief through fiscal year 2028. The agreement includes a 12.5% present value debt reduction, three-year duration extension, and 34% debt service reduction during the IMF program period.

Among the most widely reported items are 48 Su-35 fighter jets for Iran, along with avionics and electronic-warfare systems reportedly valued at around €6 billion, though these figures remain unverified.

The East African nation and fellow Brics member is the latest country to seek a switch, accelerating the yuan’s internationalisation.

ADDIS ABABA, Ethiopia – Among the whimpering of rescued dogs, a soft whistle cuts through. It’s Feven Melese, a young woman hoping to support thousands of abandoned dogs on the streets of the Ethiopian capital, Addis Ababa. The 29-year-old music degree ...

FILE - People throw grass and flowers into a pool of water as they celebrate the annual Irreecha festival in the capital Addis Ababa, Ethiopia, Oct. 1, 2022. (AP Photo/File) FILE - People throw grass and flowers into a pool of water as they celebrate the ...