Category: Latest Trends
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Ethiopian Airlines Expands Global Reach with Thrice Weekly Flights to London Gatwick
Ethiopian Airlines, Africa’s Largest Airline, Strengthens Bilateral Ties with UK Ethiopian Airlines, Africa’s largest airline, has officially launched three weekly direct flight services to Gatwick Airport in London, UK, marking a significant expansion in its global network and solidifying its position as a premier carrier connecting Africa to the world. This strategic move aligns with…
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World Bank document reveals $350M in donor funding for Ethiopia’s national digital ID
A planning document for Ethiopia’s Fayda ID digital identity supplied to the World Bank reveals that the program has been granted US$350 in funding to supplement its public investment. Details are contained in a Labor Management Procedures (LMP) document by the Ethiopia’s National ID Program (NIDP). The LMP document is intended to establish rules for the relationship between…
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Default looms as Fitch downgrades Ethiopia amidst debt restructuring hopes
Exacerbated by the hard currency crunch and substantial gaps in external financing, Ethiopia risks defaulting on its debt services, predicts Fitch Ratings’ latest report on Ethiopia. Published on November 2, 2023, the credit rating agency downgraded Ethiopia from CCC- to the CC rank, with the junk level declining to the default stage. “Decline in external…
