#Ethiopia starts talks with #China to convert some of the $5.4 billion it owes Beijing into #yuan-denominated loans, following an example set by Kenya that bolsters China’s efforts to internationalize its currency. #dollar
https://t.co/gbyFDTH70f @mattstephenhill@FasikaTade
African leaders chastised developed nations for failing to honor pledges to ramp up green financing and said they will tap the private sector to help protect their economies from climate change https://t.co/QlsgriqrFi @FasikaTade
Congratulations to David Pan and Fasika Tadesse on becoming International Reporting finalists for the Livingston Awards for Young Journalist in 2025...
🧵As the war in Ukraine saps Russia of its workforce, the country is aggressively recruiting young women around the world to move to Tatarstan and work at a factory known to produce kamikaze drones @FasikaTade https://t.co/Zu72s01hwW
As the war in Ukraine saps Russia of its workforce, the country is aggressively recruiting young women around the world to move to Tatarstan and work at a factory known to produce kamikaze drones https://t.co/Jpjlt62wdx via @business@AntonySguazzin@FasikaTade
Russia is recruiting young African women between the ages of 18 and 22 to work in a special economic zone in remote Tatarstan linked to done production. This week that site was attacked by Ukraine @FasikaTade
https://t.co/3x5Ej5n1m2
Proud to announce me and @FasikaTade are Livingston Finalists for our cypto coverage in 2024, delving into topics ranging from Bitcoin mining to stablecoins across the globe. Big thanks to @crypto editors @s_m_i@lagerkranser@Reganonymous@dliedtka
https://t.co/ZdXrs6CWZ6
Ethiopia has reaches an agreement in principle with its bondholders on the main financial parameters for the restructuring of $8.4 billion of international debt under the G20 Common Framework, its finance ministry says https://t.co/dT0CAQceCz
Ethiopia is opening a stock exchange after a five-decade gap, its latest step to lure investors as it recovers from a civil war https://t.co/gy9710R9Wt
The International Monetary Fund’s executive board completed its first review under the Extended Credit Facility for Ethiopia, which will disburse about $340.7 million to the East African country. https://t.co/H3hBnE6w5V
The European Union is selling its €150 billion ($162 billion) investment plan for Africa as a way to help reduce the continent’s reliance on Chinese loans that have saddled countries with debt, a senior official said https://t.co/mS0WgZvuke
Ethiopia is seeking to raise $255 million selling shares in a state-run wireless company, making it the nation’s first initial public offering https://t.co/ScXy3dgoYU
Africa is home to some of the world's most exciting startups — and we want to shine a spotlight on them.
Bloomberg is launching our first ever Africa Startups to Watch, here's what you need to know: https://t.co/94Evs6xcPe
Ethiopia proposes that holders of its $1 billion bond take an 18% loss in a debt restructuring, even as it acknowledges that an influential group of investors has already rejected such an offer https://t.co/NXrXgWQFC4
Investors holding Ethiopia’s defaulted dollar bonds reject the debt restructuring terms proposed by the government for the $1 billion issue https://t.co/Mt0xBE9RuL
The National Bank of Ethiopia announces a special foreign-exchange allocation of $175 million to a state-owned primary importer of fuel and related products https://t.co/657hPeWLxL
The National Bank of Ethiopia sold dollars to commercial lenders as it seeks to close the gap between official and parallel exchange rates https://t.co/Qc6y1CjoTY
Ethiopian Prime Minister Abiy Ahmed berates banks for keeping the exchange rate of the nation’s currency at much stronger levels than what traders in the parallel market were offering https://t.co/fIF3KVbaxd