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Ethiopia's debt: an economic and political liability


Ethiopia’s debt: an economic and political liability
May 16, 2021
But the economic headwinds are equally strong—and they have the potential to compound political dilemmas.
As part of the state-led developmental project pursued by the Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF), most intensively after 2010, the government invested big, both directly and through state-owned enterprises (SOEs).
While the injected capital—mainly to finance infrastructure— produced impressive economic growth, the model was heavily reliant on debt. The sustainability of this formula depends both on realizing returns that are higher than the contracted interest rates and securing foreign exchange with which to repay interest and principal. ....

France General , Addis Ababa , National Bank , International Monetary Fund , Ethiopian Railways Corporation , Homegrown Economic Reform Program , World Bank , Debt Service Suspension Initiative , Ethiopian Sugar Corporation , Paris Club , Asset Management Corporation , European Union , Foreign Exchange Holdings , Ethiopian People Revolutionary Democratic Front , Prime Minister Abiy Ahmed , Rapid Financing Instrument , Transformation Plan , Highly Indebted Poor Countries , Non Paris Club , Finance Ministry , Grand Ethiopian Renaissance Dam , Ten Year Pathway , Prosperity Plan , President Trump , Ethiopia Insight , Homegrown Economic Reforms ,

Nigeria: Lagos Light Rail - 17 Years After, Failed Promises, Rot, Neglect Trail Project

Nigeria: Lagos Light Rail - 17 Years After, Failed Promises, Rot, Neglect Trail Project
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Binshangul Gumuz , Lagos Lagoon , Lagos Island , Nigeria General , Egypt General , Al Qahirah , El Marg , Addis Ababa , Lagos State , Victoria Island , Orile Iganmu , Alaba Suru , Akinwunmi Ambode , Banji Alade , Babatunde Gbadamosi , Babajide Sanwo Olu , Babatunde Fashola , Muhammadu Buhari , Bola Tinubu , Suuru Alaba , Adly Mansour , Gbenga Omotoso , Hakeem Bello , Lagoslightrail Nigeriapic , Kelechukwu Ogu , Lateef Jakande ,

Lagos Light Rail: 17 years after, failed promises, rot, neglect trail project


Lagos Light Rail: 17 years after, failed promises, rot, neglect trail project
More than a decade since the construction of the Lagos Light Rail has commenced, it has failed to see the light of the day.
10 min read
The poor state of the road, occasioned by the neglect of the 27km-long Marina-Okokomaiko section of the Lagos light rail project, mirrors the rot that is beneath the façade of “excellence” which successive governments in Lagos have continued to pride themselves with since 1999. While similar projects elsewhere have since been built and expanded beyond their original corridors, the Lagos light rail has suffered neglect after 17 years of failed promises. Again, apart from the accountability issue raised in connection with the discrepancies in the funding costs, the failure of the government to complete the rail project in almost two decades has had negative effects on the socio-economic life of Lagos residents. ....

Binshangul Gumuz , Lagos Lagoon , Lagos Island , Nigeria General , Egypt General , Al Qahirah , El Marg , Addis Ababa , Lagos State , Victoria Island , Orile Iganmu , Alaba Suru , Babajide Sanwo Olu Eiynixkxcaejphb , Akinwunmi Ambode , Banji Alade , Akinwumi Ambode , Babatunde Gbadamosi , Babajide Sanwo Olu , Babatunde Fashola , Muhammadu Buhari , Bola Tinubu , Suuru Alaba , Adly Mansour , Gbenga Omotoso , Hakeem Bello , Lagoslightrail Nigeriapic ,