In quest for joining the international capital market, Ethiopia is going to start issuing international bond by the end of this year. The move is the first of its kind by the nation.
The announcement by the Ethiopian government came following the sovereign credit ratings given to the country by three top international rating agencies back in May. Standard & Poor’s and Fitch both rated Ethiopia’s sovereign treasury bonds as “B” while Moody’s rate was “B1” (B+).
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Hiroki Co. Ltd, a Japanese-based leather producing factory, is set to start production in Ethiopia in mid-March, with an investment of close to 10 million
.The first Japanese foreign direct investment (FDI) to Ethiopia in the leather industry, Hiroki, which already established the Hiroki Addis Manufacturing S.C More
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Ethiopia (/ˌiːθiˈoʊpiə/; Amharic: ኢትዮጵያ, ʾĪtyōṗṗyā, About this sound listen), officially known as the Federal Democratic Republic of Ethiopia, is a country located in the Horn of Africa. With over 93,000,000 inhabitants, Ethiopia is the most populous landlocked country in the world, as well as the second-most populated nation on the African continent. It occupies a total area of 1,100,000 square kilometres (420,000 sq mi), and its capital and largest city is Addis Ababa.