Africa

On Tuesday, Ethiopia officially became the third African nation to default in the past three years, as it failed to fulfill a $33 million “coupon” payment on its sole international government bond. The country, which is the second most populous in Africa, had previously announced its intention to declare formal …

President Samia Suluhu Hassan has dissolved the Tanzania Electric Supply Company (Tanesco) board due to public dissatisfaction with frequent power rationing. Former board chair Major General Paul Kisesa Simuli now serves as Tanzania’s ambassador to Uganda, while Dr Rhimo Nyansaho takes over as the new board chair.   This change …