On April 22, 2016, Standard & Poor’s Ratings Services affirmed its 'B/B' long-and short-term foreign and local currency sovereign credit ratings on the Federal Democratic Republic of Ethiopia. The outlook is stable.

Standard Bank Group has expanded its already extensive East African footprint with the official opening of a representative office in Ethiopia. This means that Standard Bank, which is Africa’s largest bank by assets, has a continent-wide footprint in 20 African countries.

The Ethiopia Commodity Exchange (ECX) on Friday (October 9) announced the inauguration of its eTRADE platform located at its headquarters.

Fitch Ratings has affirmed Ethiopia's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B'. The issue ratings on senior unsecured foreign currency bonds are also affirmed at 'B'. The Outlooks on the Long-term IDRs are Stable. The Country Ceiling and the Short-term foreign currency IDR are also affirmed at 'B'.