Ethiopia Commodity Exchange (ECX) announced it has traded 602,823tons of commodities for over $906 million (30.4 billion birr) in the past nine months. This marks 97 percent of the target it set, the Exchange said in a statement sent to 2Merkato.com.
Ethiopia Commodity Exchange (ECX) announced that it has traded 48 thousand metric tons of soy bean in a year, worth 1.2 billion birr.
Ethiopia Commodity Exchange (ECX ) announced that it has traded over 51,000 tons of commodities worth 4.4 billion birr during the first four months of the Ethiopian fiscal year that started on July 8, 2021.
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.
