2merkato

The Ethiopia Commodity Exchange was visited by business people taking part in the 22nd World Economic Forum on Africa, last Friday. The business people visited the various facilities of the Exchange including the trading floor and the price display boards.

The group was briefed on the evolution of the Exchange by Ahadu Woubshet, Chief Operation Officer with the ECX.  

The Exchange has seen a growth in its trading from 138,000 tons when it was launched operation in 2008 to 222,000 tons in the second year and 508,000 tons in its 3rd year said Ahadu.

Ethiopia Commodity Exchange (ECX) has signed an MoU with eBiz Online Solutions PLC, the parent company of Ethiopia’s foremost business portal, 2merkato.com. As per the MoU, ECX has agreed to share daily and periodical commodity market data with 2merkato.com.

Ethiopia Commodity Exchange (ECX) Signed service level agreement with Zemen Bank for financial purposes. This makes Zemen Bank the seventeenth bank to enter a similar agreement with the Exchange.

Gilgel Gibe III hydro electric dam, one of the biggest mega projects in Ethiopia, is completed, Tigray Online reported.

Ethiopia has completed power transmission lines to Djibouti and Sudan in preparation for the export of electricity and energy cooperation, Teshome Toga, Ethiopia's Ambassador to China, said.