2merkato

The Ethiopia Commodities Exchange (ECX) is reduced the expiration date of warehouse receipts issued for coffee from  30 days to  20 days as of May 9, 2013.

The ECX governing body, Ethiopian Commodity Exchange Authority (ECEA) has approved the change with others relating to moisture adjustment, the amount that should be contained in a bag, and the cost of handling goods.

ECX introduced these changes following a series of studies it undertake during the current year based on transaction data from the past 18 days, according to Anteneh Assefa, CEO of the Exchange. The study revealed that 50pc of members storing coffee at ECX warehouses make a sale within eight days and 90 percent of members within 20 days.

The Ethiopian Commodity Exchange (ECX) is to sell full membership seats for farmers cooperatives. Earlier this year, the exchange has announced that it will provide 30 full membership seats for farmer cooperatives to facilitate their direct involvement in the exchange.

The sell will double farmers cooperative's membership in the exchange. Currently, the majority of full membership seats are controlled by private companies.

Ethiopia Commodity Exchange (ECX) has signed a Memorandum of Understanding (MoU) with Malawi’s AHL Commodity Exchange on October 16, 2015, in Addis Ababa, Ethiopia, New Business Ethiopia reported.

Ethio-Djibouti Railway S.C. (EDR) has relocated 104 empty 20-foot containers from the Port of Djibouti to Addis Ababa’s Indode Freight Yard, marking a step in strengthening Ethiopia’s export logistics.

Ethiopian Electric Power (EEP) announced 79 percent of the construction of Genale Dawa 3 hydropower project is completed.