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.
Who is the largest investor in Ethiopia?
Key sectors include mining, real estate, manufacturing, textiles, and renewable energy. China accounted for around 60% of newly approved FDI projects in Ethiopia in 2023. Agriculture. Over 50%, agriculture comprises the largest industry sector in Ethiopia. The government undertakes both large-scale and small-scale farming, leading to high production of livestock products (milk, egg and meat) beverages, leather and textiles industry.
What is the commodity exchange in Ethiopia?
The Ethiopia Commodity Exchange, (ECX), is a marketplace, where buyers and sellers come together to trade, assured of quality, delivery and payment. 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 biggest commodity trader in the world?
Major trading firms such as Glencore, Vitol, and Trafigura dominate the commodity trading landscape. Glencore, one of the world’s largest commodity traders, deals in metals, minerals, and energy. It boasts a diversified portfolio, enhancing its market resilience. Switzerland. Switzerland remains a top choice for commodity trading firms. The country’s political stability and strong financial sector provide a secure environment for operations.Switzerland – the commodities hub. Switzerland is the world’s biggest commodities trading hub. Its global market share is estimated at 35% for oil, 60% for metals, 50% for cereals and 40% for sugar. Most of the biggest Swiss companies are commodities traders such as Vitol, Trafigura, Gunvor, Mercuria or Glencore.
What is the largest commodity exchange in the world?
In the United States, the CME Group owns four major exchanges: CME (Chicago Mercantile Exchange), CBOT (Chicago Board of Trade), NYMEX (New York Mercantile Exchange), and COMEX (Commodity Exchange, Inc. By daily volume the CME is the world’s largest futures and options market. CME Group operates a global derivatives marketplace that allows institutions and individuals to trade futures and options based on interest rates, equity indexes, foreign exchange, energy, metals, and agricultural commodities.CME Group Inc. American financial services company based in Chicago that operates financial derivatives exchanges including the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and the Commodity Exchange. The company also owns 27% of S&P Dow Jones Indices.In the United States, the CME Group owns four major exchanges: CME (Chicago Mercantile Exchange), CBOT (Chicago Board of Trade), NYMEX (New York Mercantile Exchange), and COMEX (Commodity Exchange, Inc. By daily volume the CME is the world’s largest futures and options market.