What is the Ethiopian commodity exchange market and its operation?
The ethiopia commodity exchange (ecx) is a spot exchange established in addis ababa, ethiopia. More than 200 different spot contracts are traded by the ecx members or their authorized representatives through open outcry trading system. The trading floor is an octagonal area where open outcry trading takes place. The ethiopia commodity exchange, (ecx), is a marketplace, where buyers and sellers come together to trade, assured of quality, delivery and payment.Ethiopia’s Commodity Exchange (ECX) Appoints New CEO Addis Ababa, February 28, 2025 (ABN) The Board of Directors of the Ethiopian Commodity Exchange (ECX) has appointed Mr. Mergia Baisa as the new Chief Executive Officer (CEO) of the organization. Mr.The ECX is set up as a private company owned by a partnership of the market actors, members of the exchange, and the Ethiopian government, led by Eleni Gebre Medhin a former economist for the International Food Policy Research Institute and the World Bank.
Who is the CEO of Ethiopia Commodity Exchange?
Mr. Mergia Bayissa, Chief Executive Officer of Ethiopia Commodity Exchange and Senior Management teams. Dr. Eleni Gabre-Madhin was the main driving force behind the development of the Ethiopia Commodity Exchange (ECX).
Who is the founder of the Ethiopian commodity exchange?
Dr. Eleni Gabre-Madhin was the main driving force behind the development of the Ethiopia Commodity Exchange (ECX). The Ethiopia Commodity Exchange (ECX) is a spot exchange established in Addis Ababa, Ethiopia. More than 200 different spot contracts are traded by the ECX members or their authorized representatives through open outcry trading system. The trading floor is an octagonal area where open outcry trading takes place.The Ethiopia Commodity Exchange (ECX) commenced trading operations in April 2008.As the pioneer securities exchange, ESX aims to play a critical role in the development and growth of the Ethiopian capital markets. ESX’s core objective is to facilitate access to capital and support effective capital allocation in a manner that supports Ethiopia’s economic growth.
What are the top 3 export commodities in Ethiopia?
Ethiopia main exports are gold (21 percent of total exports) and coffee (19 percent). Others include: live animals, oilseeds, flowers and khat. Ethiopia main export partner is Switzerland (21 percent of total exports) mainly for export of gold. Here’s a list of the top 10 richest Ethiopians, based on 2024–2025 estimates: 1. Mohammed Hussein Al-Amoudi Mohammed Al-Amoudi is by far the wealthiest Ethiopian-born individual, with an estimated net worth of $8 to $10.Ethiopia’s economic pillars—agriculture, manufacturing, tourism, mining, and ICT—unlock vast potential. InvestEthiopia.At the top of the list stands Mohammed Al-Amoudi, Ethiopia’s most famous billionaire, whose wealth alone eclipses the combined fortunes of many others.Mining is important to the economy of Ethiopia as a diversification from agriculture. Currently, mining comprises only 1% of GDP. Gold, gemstones (diamonds and sapphires), and industrial minerals are important commodities for the country’s export-oriented growth strategy.
What is the price of wheat in Ethiopia?
The retail price range in Ethiopian Birr for wheat is between ETB 122. ETB 277. ETB 55. ETB 125. Addis Ababa and Dire Dawa. The average monthly salary in Ethiopia is 7,052 Ethiopian Birr (ETB), which translates to about USD 55.
How much is 1kg of coffee in Ethiopia?
The retail price range in Ethiopian Birr for coffee is between ETB 237. ETB 326. ETB 107. ETB 148. Addis Ababa and Dire Dawa. Since 2023, the price of teff has quickly escalated; on average, 100 kg of teff costs a minimum of 7,000-10,000 Ethiopian birr (55-79USD) (Caldero, 2024).