The Ethiopian Capital Market Authority is working on establishing credit rating services to accredit the financial status of borrowers, aiming to foster confidence between creditors and debtors. Addis Chamber of Commerce, along with International Center for Risk Assessment (ICRA) which is located in UAE, have signed a memorandum of understanding to introduce credit rating services in Ethiopia.
Source:: https://www.2merkato.com/news/banking-and-finance/7702-ethiopia-credit-rating-service-to-be-launched