Fitch Ratings has downgraded Ethiopia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'B'.

Fitch Ratings has affirmed Ethiopia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Negative Outlook.

Moody's Investors Service has changed the outlook on the Government of Ethiopia to negative from stable and affirmed the B1 long-term issuer and senior unsecured ratings.

The Ethiopian Commodity Exchange (ECX) has been building regional trading centers to improving its accessibility across the country, particularly around major regional agricultural hubs.