What is the Ethiopian commodity exchange market?
The ethiopia commodity exchange, (ecx), is a marketplace, where buyers and sellers come together to trade, assured of quality, delivery and payment. These accounts are opened for the members of the ethiopian commodity exchange to facilitate the trading of commodity at ecx trading centers.ECX offers an integrated warehouse system from the receipt of commodities on the basis of industry accepted grades and standards for each traded commodity by type to the ultimate delivery. Commodities are deposited in warehouses operated by ECX in major surplus regions of the country.In the first phase, ECX trading will cover six target commodities, selected in terms of their importance to either : coffee, sesame, pea bean, teff, wheat, and maize. Together, they represent roughly a total value of US $1 billion of physical trade.The Ethiopian Securities Exchange (ESX) is the primary securities exchange in Ethiopia. Its establishment is part of a broader initiative by the Ethiopian government to enhance the country’s financial infrastructure and provide a platform for businesses and investors to engage in securities trading.
Who is the biggest investor in Ethiopia?
He said Ethiopia attracted 3. U. S. FDI last Ethiopian fiscal year ending on July 7, 2024, and China has accounted for almost 50 percent of all FDI inflow into the country. The largest volume of foreign direct investment (FDI) in Ethiopia comes from China, followed by Saudi Arabia and Turkey.
What is the most sold item in Ethiopia?
Yearly Trade During the last five reported years, the exports of Ethiopia have increased by $1. B from $2. B in 2018 to $3. B in 2023. The most recent exports are led by Coffee ($1. B), Dried Legumes ($334M), Other Oily Seeds ($271M), Cut Flowers ($258M), and Gold ($232M). Jun 2024. Ethiopia Exports. Ethiopia main exports are gold (21 percent of total exports) and coffee (19 percent). Others include: live animals, oilseeds, flowers and khat.Ethiopia main imports are: foodstuffs, textile, machinery and fuel. Ethiopia main trading partners are: China (18 percent of total imports), Saudi Arabia (13 percent), United States (9 percent), Russia and India.The top product exports from Ethiopia are coffee, oil seeds, gold, gas turbines, fruits, and vegetables. Ethiopia is the 6th highest exporter of coffee in the world.High-Quality Standards: The meticulous process of handpicking, sun-drying, and natural processing contributes to its exceptional taste but also adds to the cost. Limited Yields: Unlike mass-producing coffee nations, Ethiopia’s production is smaller in scale, making its coffee a rare and valuable commodity.Source: Department of Commerce, Global trade Atlas and National Bank of Ethiopia. In 2021—the most recent year in which United Nations COMTRADE data is available—Ethiopia’s major goods exports included coffee (27%), gold (15%), oil seeds (9%), vegetables (7%), flowers (5%) and legumes (5%).
What is the main trade of Ethiopia?
Ethiopia’s exports are almost entirely agricultural. Coffee is the primary foreign-exchange earner; other exported products include khat, hides and skins, live animals, oilseeds, and gold. The Ethiopian Commodity Exchange Authority has the powers and duties to extend recognition and oversight of Exchange Actors (Members and their representatives), recognition and oversight of Clearing Institutions (domestic banks or other financial institutions engaged in clearing and settlement of payments), oversight .Tucci Ivowi is the Chief Executive Officer and a founding member of the Ghana Commodity Exchange.
Is there a stock market in Ethiopia?
Following the launch of Ethiopia’s first fully-fledged stock market in January, the focus now shifts to securing new listings on the exchange. So far, only one company – Wegagen Bank, a mid-sized lender based in Addis Ababa – has listed on the Ethiopian Securities Exchange (ESX). The Ethiopia Commodity Exchange, (ECX), is a marketplace, where buyers and sellers come together to trade, assured of quality, delivery and payment.Ethiopian Commodity Exchange. ECX offers an integrated warehouse system from the receipt of commodities on the basis of industry accepted grades and standards for each traded commodity by type to the ultimate delivery. Commodities are deposited in warehouses operated by ECX in major surplus regions of the country.The vision of ECX is to transform the Ethiopian economy by becoming a global commodity market of choice. ECX’s mission is to connect all buyers and sellers in an efficient, reliable, and transparent market by harnessing innovation and technology, and based on continuous learning, fairness, and commitment to excellence.Ethiopian Commodity Exchange. ECX offers an integrated warehouse system from the receipt of commodities on the basis of industry accepted grades and standards for each traded commodity by type to the ultimate delivery. Commodities are deposited in warehouses operated by ECX in major surplus regions of the country.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.