Who is the CEO of ECX Ethiopia?
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. The Ethiopia Commodity Exchange, (ECX), is a marketplace, where buyers and sellers come together to trade, assured of quality, delivery and payment.ECX Wadi’ah Current Accounts These accounts are opened for the members of the Ethiopian Commodity Exchange to facilitate the trading of Commodity at ECX trading centers.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.Forex trading is legal and available in Ethiopia via international off-shore Forex brokers.
Who is the owner of NBC Ethiopia?
It is fully owned by the Ethiopian government. It is the largest business entity in Ethiopia. Established by visionary man Mr. Ketema Kebede some forty years ago.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.Ethiopia is the largest exporter of African coffee production. The country is responsible for harvesting and distributing 3% of the world’s overall coffee bean supply.Ethiopian coffee is celebrated globally for its wide range of unique and diverse flavor profiles. It is exported primarily to Saudi Arabia, the United States, Germany and Japan.
What is the best trade in Ethiopia?
The top Ethiopia export products were oilseed, oleaginous fruits, grain, seeds, and fruits; edible vegetables and some roots and tubers; and coffee, tea, mate, and spices. The total value of imports was USD 17. Ethiopia had a $14. Ethiopia is widely regarded as the African country with the best coffee. Ethiopia classifies its coffee into three main types: wild, garden, and forest coffee. Major coffee-producing regions like Sidamo, Yirgacheffe, and Harar each contribute unique flavors, enhancing Ethiopia’s reputation in the global coffee market.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%).COFFEE AT ITS FINEST Today, Ethiopian coffee is widely regarded as one of the best specialty coffees in the world, with its distinct floral and fruity notes making it a favorite among coffee lovers. Ethiopia’s high altitude, ample rainfall, and fertile soil provide ideal coffee-growing conditions.He emphasized the significance of coffee in Ethiopian culture and its role in connecting people globally. Recent data shows that China has become the largest importer of Ethiopian coffee, with flavors ranging from winy to fruity and chocolaty.
What is the Ethiopia 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 top Ethiopia trading partners are Saudi Arabia, the United States, the Netherlands, the United Arab Emirates, Somalia India. As per the Ethiopia import export data, Ethiopia’s trade deficit shows a sizable trade deficit.