The Ethiopia Commodity Exchange (ECX) has started live trading on 24 April 2008. It’s said to be a new initiative for Ethiopia and the first of its kind in Africa.
According to press release by ECX on 24 April 2008, it provides a market place where buyers and sellers can come together to trade and be assured of quality, delivery and payment. The exchange is a private-public undertaking with capital investment from its main promoter, the Government of Ethiopia, and membership seats privately owned by trading and intermediary members. The Exchange is jointly governed by private – public Board of Directors and managed professionally by an internationally recruited team.
One can easily check all the services provided by the Exchange on its website: www.ecx.com.et