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Unpacking Ethiopia’s debt restructuring plan

Ethiopia is seeking to restructure its debt to ensure it has access to the markets for more capital in coming the years. After the announcement, made on the 29th of Jan, Fitch Ratings downgraded the nation’s credit and warned of an increased risk of default. Moreover, yields on Ethiopia’s $1 billion of 2024 Eurobonds soared to nine-month highs after the government’s decision. CNBC Africa spoke with Zemedeneh Negatu, Global Chairman at FairFax Africa Fund joins CNBC Africa for more.

Wed, 14 Apr 2021 10:17:03 GMT
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