The Ethiopian Capital Market Authority (ECMA) reported that an international institution has formally submitted an application for an investment license, marking the first such filing by a foreign entity as Ethiopia develops its capital market framework.
The first Isuzu vehicle assembly, sales, and after-sales center in Ethiopia officially opened its doors today in Alem Gena, which is a part of the recently established Sheger city.
The First National Model Micro and Small Enterprises Exhibition and Bazaar was opened yesterday in Addis Ababa, Ethiopia, The Ethiopian Herald reported.
Construction on the first phase of the Tendaho Sugar plant located in Afar regional state is being finalized. Over 80 percent of the construction work has already been completed, Ethiopian News Agency reported.
Abreham Berhe, the project's office manager told Ethiopian News Agency on Monday that the project includes construction of a reservoir which has a capacity to hold 1.86 billion cubic meter water and 14,000 hectares of land has be covered with sugarcane plantation, the Manager said.
Fitch Ratings has assigned Ethiopia Long-term foreign and local currency Issuer Default Ratings (IDRs) of 'B'. The Outlooks on the Long-term IDRs are Stable. Fitch has also assigned a Short-term foreign currency IDR of 'B' and a Country Ceiling of 'B'.
