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. 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.The ownership structure of ECARX Holdings (ECX) stock is a mix of institutional, retail, and individual investors. Approximately 3. Institutional Investors, and 96. Public Companies and Individual Investors.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.
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 the world’s fifth largest producer of coffee, and Africa’s top producer, with 496,200 tonnes in 2022. Over 4 million small-scale farmers produce coffee.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.Ethiopia is the world’s fifth-largest coffee producer, contributing 3-5% of global coffee production (USDA Foreign Agricultural Service, 2023). As the birthplace of Arabica coffee, Ethiopia produces around 7. Ethiopia’s top coffee-growing regions are Sidamo, Yirgacheffe, and Harrar.Ethiopia earned $1. This export performance reflects a 70 percent increase in volume and an 87 percent growth in revenue compared to the same period last fiscal year, according to the Ethiopian Coffee and Tea Authority.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 are the top 3 export commodities in 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%). Brazil leads the way in coffee exports & production according to the coffee export data of Brazil, followed by Vietnam and Colombia. The global demand for specialty coffee is on the rise, with countries like Ethiopia and Guatemala gaining popularity and production rates, as per the USDA.Situated in South America, Brazil is the top producer of coffee. They produce 2,68 million metric tons of coffee on average every year. Brazil has also held onto its first-place position as the world’s largest coffee producer for over 150 years.Ethiopia is the world’s fifth largest producer of coffee, and Africa’s top producer, with 496,200 tonnes in 2022. Over 4 million small-scale farmers produce coffee. Half of the coffee is consumed by Ethiopians, and the country leads the continent in domestic consumption.Uganda has overtaken Ethiopia to become Africa’s leading coffee exporter, according to a recent report. MonitorToon.
What is the Ethiopian commodity exchange market and its operation?
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 Ethiopia Commodity Exchange (ECX) is a commodities exchange established April 2008 in Ethiopia.The Ethiopia Commodity Exchange, (ECX), is a marketplace, where buyers and sellers come together to trade, assured of quality, delivery and payment.