Share issued in Paris (several dates of issue available).

Founded in 1898, the Cie des Chemins de Fer Ethiopiens had a French concession to build a railroad from Djibouti to Diré-Daroua. 

Because of a lack of founds, the company is liquidated the company in 1907. A new company is founded with the Banque de l'Indochine, called "Compagnie du Chemin de Fer de Djibouti à Addis-Abbeba". The 784 km railroad is completed in 1917.

Very nice deisgn.

With coupons.