economyafrica

Fitch downgraded Ethiopia deeper into junk territory on Thursday to CC from CCC-, citing gaps in the country's external financing that it said increased its likelihood of a default.

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Ethiopia Seeks Membership in the BRICS Alliance of Emerging Economies

Jun 30, 2023 News Editor

Ethiopia, one of Africa's rapidly growing economies, has expressed its interest in joining the BRICS bloc of emerging markets, according to the country's foreign ministry.