Geeska Afrika Online

Ethiopia: 'B' rating by Fitch To debut Eurobond

Addis Ababa (HAN) November 7, 2014 – Public diplomacy and Regional Financial investment news. Ethiopia announces plans to issue Eurobond to interest foreign investors to the country.  Ethiopia, which has previously said it was considering issuing a Eurobond, was awarded a ‘B’ rating by Fitch on Friday with a stable outlook. Kenya, which plans a Eurobond worth up to $2 billion, has received a ‘B+’ rating by Fitch. This decision  offers an opportunity for Ethiopia, to enter international capital markets.

Ethiopia has mostly relied on domestic resources and Chinese loans to finance big infrastructure projects across the country. It clear now when it might tap international markets. With the global financial situation on the fence it would be interesting to see how this plays out. Foreign investors are closely watching Ethiopia, attracted by a decade of high growth and a market of about 90 million people.


Investors in the Emerging markets have exhibited  appetite for the Bonds Market, after the success of Kenya’s debut Eurobond, other economies like Tanzania and Ethiopia have announced plans for their respective bonds.

Ayalenesh Tafese from Rand Merchant Bank joins CNBC Africa to discuss Ethiopia’s Eurobond plans and prospects for investors and the country.


Background: A eurobond is a bond denominated in a currency not native to the issuer‘s home country. Eurobonds are commonly issued by governments, corporations, and international organizations.



Geeska Afrika Online (1985 -2014) – The International Gateway news and views about the Horn of Africa (Ethiopia, Eritrea, Somalia, Somaliland, Sudan, South Sudan, Djibouti, Kenya and Uganda), the best IGAD news and information Online Site for the last 20 Years. –

HAN & Geeska Afrika Online (1985-2014), the oldest free independent Free Press in the region, brings together top journalists from across the Horn of Africa. Including Ethiopia, Somalia, Eritrea, Sudan, Djibouti, South Sudan, Uganda, Kenya, Oromo, Amhara, Somali, Afar and Harari. Plus, we have daily translations from 150 major news organizations in the Middle East and East African regions. Contact at





, , ,




Leave a Reply

Your email address will not be published. Required fields are marked *

Share via
Copy link