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. Gold remains one of Ethiopia’s largest foreign exchange earners, generating $1. Analysts project exports could hit 33 tonnes by year-end, potentially ranking Ethiopia among Africa’s top gold exporters.February 13, 2023 The United Nations still classifies Ethiopia as a least-developed country and the World Bank ranks it as a low-income country, although it aims to reach lower middle income status by 2025.With about 132. Ethiopia is the second most populous nation in Africa after Nigeria, and one of the fastest-growing economies in the region, with an estimated 8. FY2023/24. However, it also remains one of the poorest, with a per capita gross national income of $1,020.With about 132. Ethiopia is the second most populous nation in Africa after Nigeria, and one of the fastest-growing economies in the region, with an estimated 8. FY2023/24. However, it also remains one of the poorest, with a per capita gross national income of $1,020.
Who owns Ethiopia Commodity Exchange?
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. These accounts are opened for the members of the Ethiopian Commodity Exchange to facilitate the trading of Commodity at ECX trading centers.
Is Afex a private company?
AFEX is the first private sector-led commodity exchange in Nigeria. At AFEX, we harness Africa’s commodities and talent to build shared wealth and prosperity. Ayodeji Balogun is the CEO of AFEX, a Nigeria-based company operating a private agricultural commodity exchange. Over $300 million worth of crops a year are traded on AFEX’s platform in Nigeria, and the business has recently expanded operations to Kenya.