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Fertimanon May 12, 2014 10:35am
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Ethiopia receives first sovereign rating
Ethiopia receives first sovereign rating Ethiopia receives first sovereign rating
By Javier Blas in London and Katrina Manson in Nairobi
Ethiopia has received its first ever sovereign credit rating from the top global agencies, a step that opens the door for a potential debut on international capital markets and highlights the profound turnround of the African nation.
For many, Ethiopia is still remembered as the country that suffered a famine, described at the time in 1984, of “biblical proportions”. But for savvy investors, the country is today one of the world’s fastest growing economies, averaging growth of more than 10 per cent per year over the last decade and attracting the likes of clothing giant H&M and private equity groups
https://www.ft.com/cms/s/0/cb3a02ee-d9c7-11e3-b3e3-00144feabdc0.html#axzz31Vgn2cDs