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'.

Pan-African banking group Ecobank Transnational Incorporated, has opened its first Ethiopian representative office in Addis Ababa. This brings the total number of countries in Sub-Saharan Africa in which Ecobank has a presence to 35.

Ethiopian Airlines has announced that it has become the strategic partner of the new Malawian Air with 49% equity shareholding. The remaining 51% of the shares will be held by the Malawian Government and Malawian private investors.