The Ethiopian Commodity Exchange (ECX) has announced plans to introduce three new products to its trading platform as part of its ongoing efforts to modernize and expand the country’s commodity market. The new products set to be integrated into the exchange include cotton, opal, and leather.

This latest development follows last year’s introduction of several other agricultural commodities, including malting barley, teff, flax, and cabbage seeds. With these additions, the total number of products traded on the exchange has now reached 28.

Over its 17 years of operation, the exchange has been instrumental in building a modern trading system based on secure payment and delivery mechanisms, providing farmers, traders, and investors with greater market transparency and efficiency.

In a move to strengthen its financial infrastructure, ECX signed an agreement with Sidama Bank, officially bringing the bank on board as its 26th payment partner. This collaboration is expected to further streamline transaction processes for market participants.

During the signing ceremony, ECX also revealed its ambitious project to construct a 36 story headquarters. This building is expected to serve as a hub for modernizing Ethiopia’s commodity market and enhancing the exchange’s role in regional and international trade.

Source: Sheger FM 102.1