Addis Ababa City View. (Photo: ketchum blog)
BY AARON MAASHO
ADDIS ABABA — Ethiopia has hired French investment bank and asset manager Lazard Ltd in a bid to select rating companies and secure its first credit rating, officials said on Thursday, which would pave the way for issuing a debut Eurobond.
In an October interview, Prime Minister Hailemariam Desalegn told Reuters that Addis Ababa planned “not only a Eurobond but other bonds as well” once it secured a rating.
Ethiopia has ruled out liberalising its state-owned banks or telecoms sector to foreigners saying the revenues generated for the state each year were spent on vital infrastructure projects.
Read more at Reuters.
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