C

chimpreports.com

@chimpreports Tue, 26 Dec 2023 06:50:50

Ethiopia Joins Zambia, Ghana In Africa’s Debt Default Club 

Ethiopia has joined Zambia and Ghana as Africa’s latest debt defaulters after failing to make an interest payment to its external creditors following the end of the grace period on December 25, 2023.  Addis Ababa’s financial challenges hit the limelight on December 11 when a USD 33 million coupon payment on Ethiopia’s single outstanding USD1 …

The post Ethiopia Joins Zambia, Ghana In Africa’s Debt Default Club  first appeared on ChimpReports.

read more

Other Headlines