Ethiopia Commodity Exchange (ECX) announced it has opened a new electronic trading center, effective Monday 11 May 2020. The new electronic trading center is aimed at achieving social distancing measures to prevent the coronavirus pandemic, the Exchange said in a statement sent to 2Merkato.com.
Ethiopia Commodity Exchange (ECX) announced a trading volume reaching Birr 23.6 billion for the current fiscal year.
The Chief Executive Officer of the Ethiopia Commodity Exchange, Eleni Z. Gabremadhin (Dr.) signed a Memorandum of 
Understanding with the Nigerian President Goodluck Johnathan to set up a commodity exchange in Nigeria according to the model of the ECX.
The MoU signed at the ECX office states that the Exchange will provide the assistance and the model for the Nigerian Commodity Exchange to be operational in one year.
Nigeria already has a commodity and stock exchange markets in place although the commodity exchange is not as modern as the ECX. The Nigerian President is seeking to replace the Abuja Securities and Commodity Exchange plc with an Exchange that is driven by technology.
Ethiopia Commodity Exchange (ECX) traded commodities worth over $144.16 million (4.64 billion birr) during the month of January, the Exchange disclosed in a statement sent to 2Merkato.com.
Ethiopia Commodity Exchange (ECX) traded 74,950 tons of commodities, which are worth $117 million (3.84 billion birr) during the month of March, the Exchange disclosed in a statement sent to 2Merkato.com.
