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ECX on Verge of Mineral Trading

Jul 18 , 2021

Opal, emerald, and sapphire, will be traded on the floors of the Ethiopian Commodity Exchange (ECX) beginning next year. The Exchange has already prepared a manual to begin trading the minerals and is currently waiting the drafting of a legal framework by a team comprised of officials from the Ethiopian Commodity Exchange Authority and the Ministry of Mines & Petroleum. In the just-ended fiscal year, ECX facilitated the trading of 614.5 million metric tonnes of commodities with a value of 39.6 billion Br. The Exchange also plans to add industrial products to its trading platform soon. It is currently undertaking a study to enforce forward contracts on its trading floors.

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Tech Expo to Spotlight Digital Future, Emerging Technologies

An expo set on capitalizing on Business Process Outsourcing (BPO)—Future Tech Addis Expo 2025—is set to take place at Skylight Hotel in February. Organized by RCNDC Consultancy in partnership with the ministries of Education and Innovation & Technology, the expo seeks to demonstrate technology's role in driving socio-economic development, featuring exhibitions of the latest tech advancements, panel discussions with experts, hands-on workshops, and networking opportunities. Hackathons wil...

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Ministry Leads New Climate Reporting System

The Ministry of Planning & Development launched an integrated system for measuring, reporting, and verifying greenhouse gas emissions, as well as monitoring and evaluating climate change implementation. The integrated and harmonized national measurement, reporting, and verification (MRV) and monitoring and evaluation (M&E) system, was announced at a program held at the Radisson Blu Hotel on Tito St. last week. State Minister Seyoum Mekonnen clarified that the Ministry is solely respon...

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Haile Hospitality Expands with New Jimma Resort

Haile Resort Jimma, the tenth destination in the 15-year-old Haile Hospitality Group, was inaugurated last week at a cost of 1.7 billion Br, with financing sourced internally. Located 350km southwest of Addis Abeba in Jimma, in Oromia Regional State, the hotel spans 16,000sqm with a total built-up area of 15,300sqm. The resort boasts 105 rooms, two villas, five conference halls, and four restaurants, as well as other recreational facilities. The construction of the hotel took one and a half y...

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