The International Monetary Fund (IMF) has approved a disbursement of approximately 261 million Dollars to Ethiopia, following the completion of the fourth review of the country's 48-month Extended Credit Facility (ECF) programme. 

The funds are aimed at alleviating balance-of-payments pressures and supporting budgetary needs amid ongoing economic reforms. Meanwhile, Egypt and Sudan have accepted a renewed U.S. initiative to mediate talks with Ethiopia to address the longstanding Nile River water dispute stemming from the construction of the Grand Ethiopian Renaissance Dam.

Thami Ngubeni spoke to Mered Fikireyohannes, Founder and CEO of Pragma Investment Advisory.