Ethiopia, which defaulted on the bond in December 2023, formalised a restructuring deal with official creditors last July, paving the way for talks with bondholders. Under the terms of that deal, bondholders would take a 15% write down on the principal amount through an exchange for a new $850 million bond maturing in mid-2029. “The OCC will continue to support the Ethiopian authorities in their efforts to reach an agreement comparable to the OCC’s debt treatment, and stands ready to engage in good faith with all parties to reach such an outcome,” it said. Separately, the International Monetary Fund, which provides calculations on Ethiopia’s debt levels, raised projections for export earnings and reserves. Ethiopia’s bond shed close to half a cent this Monday, to bid at 105.08 cents on the Dollar, Tradeweb data showed, extending its losses after the official creditors’ announcement on Friday.

Alongside higher deliveries, aircraft orders surged sharply. More widebody aircraft deliveries highlights scale of the recoveryWhile single-aisle aircraft continued to dominate overall volumes, the standout feature of the 2025 data was a sharp rebound in widebody activity. Record aircraft order backlog underpins UK aerospace sector valueFor the second consecutive year, the global aircraft backlog reached a record high. Photo: Joanna BaileyThe data covers reported commercial aircraft deliveries from Airbus, Boeing and Comac, with order and backlog figures based on Airbus and Boeing programmes. Commercial aircraft deliveries exceed industry expectations in 2025The 2025 delivery total surpassed ADS’s own most optimistic scenario for the year.

Ethiopians „March Forward“ once again in DubaiIf there’s a soundtrack to the annual Dubai Marathon, it is the Ethiopian national anthem; so frequently have athletes from the East African nation won the event. In making it six in a row for Ethiopian debutant men in Dubai, Melak’s victory was particularly impressive. If Melak was following a tradition, albeit recent of debutant winners in Dubai, Dessie exhibited a habit that many athletes can only envy. Nibret Melak ETH 2:04:002. Anchinalu Dessie ETH 2:18:312.

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With national installed power capacity now reaching 9.6 gigawatts, the dam is transforming Ethiopia from a power-constrained economy into an emerging regional electricity hub, supplying energy to domestic industry while expanding cross-border power connectivity across the Horn of Africa. Water and Energy Minister Habtamu Iteffa said the GERD has become a catalyst for Ethiopia’s development drive, doubling national power generation capacity and strengthening electricity connectivity across the Horn of Africa. From geopolitical dispute to power surplusena.et/web/eng/w/eng_4667556According to Habtamu, the completion of the GERD has increased Ethiopia’s installed power capacity to 9.6 gigawatts, with 1.1 gigawatts generated in the past six months alone. ADVERTISEMENTThe power surplus is also reshaping Ethiopia’s regional role. Officials say this growing energy connectivity is turning the GERD from a national project into a regional economic asset.

On her visit, the Foreign Secretary will put job creation at the heart of this effort - cutting off push factors driving people to migrate. She will sign a Joint Development Agreement to take forward 2 energy transmission projects totalling over $400 million developed by Gridworks - a British International Investment company that delivers UK investment across Africa. The Foreign Secretary, Yvette Cooper, said:We are forging new partnerships with countries across Africa and delivering long term solutions. In meetings with the Ethiopian Government, the Foreign Secretary discussed the important role which Ethiopia can play in resolving regional security challenges peacefully and diplomatically. Additional informationIn Ethiopia, the Foreign Secretary will also announce:

Hunted by government drones, Oromo Liberation Army (OLA) commander Jaal Marroo denies his fighters target civilians. Yet, as a hidden humanitarian crisis deepens, international investigators accuse both sides of atrocities, leaving millions trapped in a deadly stalemate. While the government claims military gains and returns of displaced people, abductions and banditry plague the region, with civilians paying the highest price. The roots of grievanceThe conflict stems from deep-seated Oromo grievances of political and economic marginalization within Ethiopia’s ethnic federal system—a sentiment persisting despite Prime Minister Abiy Ahmed being Oromo himself. With the war hidden and a path to peace unclear, civilians remain caught in a devastating crossfire.

“Sometimes the process of spending literally thousands of dollars on the privilege of flying, attending, marketing and getting sucked into the machine, hugely anxious about outfits and red carpets, starting to hope to win and then not winning (again and again!) can take a toll. There is always a bigger mainstream artist dropping into our global categories who has MORE money to spend on marketing; there is always an artist who chooses to spend months networking, attending nominee events and ensuring their music and name lands in front of voters. I don’t say this from bitterness, but just to acknowledge what the behind-the-scenes reality can be. If tonight, I happen to win for the first time, of course, it will be a joyful experience, but I truly, truly believe it doesn’t matter in a deeper context."

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But according to Jaal Marroo, the leader of the Oromo Liberation Army, historic injustices against the Oromo people persist in modern-day Ethiopia. Speaking to The Associated Press in a rare interview from his remote forest outpost in southern Ethiopia, Marroo said his goal is to establish a democratic political order. Ethiopian rebel leader rejects accusations of targeting civilians in rare interview from hideoutOromia is Ethiopia’s country’s biggest state, with 35% of the population and the Federal Republic’s capital, Addis Ababa. Speaking to The Associated Press in a rare interview from his remote forest outpost in southern Ethiopia, Marroo said his goal is to establish a democratic political order. Meanwhile, the people of Oromia state continue to suffer because of the conflict.

Foreign Secretary visits Ethiopia in bid to halt illegal migrationBritain will help Ethiopia to create more homegrown jobs in an effort to stop its people from making small boat crossings to the UK, Yvette Cooper has said. In her first visit to Africa as Foreign Secretary, Ms Cooper set out action to drive down the number of migrants arriving in the UK from Ethiopia and neighbouring nations. The region, known as the Horn of Africa, also includes Eritrea, Somalia and Sudan, and has become a key source of illegal migration towards the UK according to the Foreign Office. Elsewhere, the Foreign Secretary held discussions with the Ethiopian authorities on joint efforts to tackle the criminal gangs organising migration from the Horn of Africa into Europe and the UK. An ongoing civil war in Sudan is among the regional conflicts which have led to millions of people being displaced, and which are acting as a driver for illegal migration.

#Telecoms Safaricom Ethiopia Surpasses 12 Million Users as M-PESA Adoption Grows The company closed the quarter with 12.2 million three-month active customers, representing a 71.7 percent year-on-year increase. Mobile data usage continued to rise, with three-month active data customers reaching 9.8 million and average data consumption per user increasing to 6.8GB during the quarter. The Safaricom Ethiopia Foundation complements this by supporting inclusive development in education, health, agriculture, economic empowerment, and disaster response to ensure connectivity translates into social impact. The recognition was presented to the company’s CEO, Wim Vanhelleputte, by Ethiopia’s President, Taye Atske Selassie, and reflects Safaricom Ethiopia’s compliance with national quality standards. Safaricom Ethiopia said it will continue to invest sustainably while working with regulators and partners to ensure broader participation in the digital economy.

Aysha II Wind Power Plant in Somali Regional State, Ethiopia. /Dongfang Electric CorporationEthiopian Prime Minister Abiy Ahmed on Saturday inaugurated the first phase of the Aysha II Wind Power Plant in Somali Regional State, stressing that clean energy development is central to the country's long-term economic transformation. The government will shortly launch two wind farm projects in nearby areas, with generating capacity of 300 MW and 350 MW of electricity, respectively," Balcha said. Upon completion, the Aysha II Wind Power Plant will feature a total of 48 wind turbines, 32 of which are already operational, with each generating 2.5 MW of electricity. "Each windmill at the Aysha II wind power project has a generating capacity of 2.5 MW at maximum, which is at least one MW higher than the generating capacity of each windmill at other wind farms in the country," Mekonnen said.

By Libby George and Dhara RanasingheLONDON, Feb 2 (Reuters) - From Japan to Brazil, elections could add yet more uncertainty this ‌year ​to markets already whipped by U.S. policy gyrations and heightened geopolitical ‌tension. Japan's election this coming weekend is among the most unpredictable in years, while polls across Latin America will test the region's rightward shift. "If there is a change to the right...there's potential for some fiscal adjustment," said Ninety One portfolio manager Nicolas Jaquier. Markets are sensitive to signs that the fiscally restrained Starmer might be replaced, as seen by a recent bond selloff. Ethiopian Prime Minister Abiy Ahmed's Prosperity Party will almost certainly win a June vote, as key opposition groups plan a boycott.

The government has designated the former student as a terrorist, accusing the OLA of massacring civilians in ethnically motivated attacks. But human rights monitors, who have also documented violations by government forces, say indiscriminate drone strikes , extrajudicial killings and disappearances have become a hallmark of their counterinsurgency campaign. “I am afraid for my own safety.”Attacks on hospitals and clinicsEthiopia restricts access to Oromia for journalists and rights groups, meaning the conflict is largely hidden. “Unfortunately, the human rights situation — as well as the overall humanitarian crisis in Oromia — is underreported,” said Getu Saketa Roro, co-founder of Human Rights League of the Horn of Africa. Members of the Amhara ethnicity , Ethiopia’s second-biggest group, have been targeted for attacks, according to rights monitors.