Authority, ECX to Introduce New Coffee Trading Modality

May 23 , 2021


[ssba-buttons]

The Coffee & Tea Authority and the Ethiopian Commodity Exchange (ECX) are gearing up to launch a micro-lot trading platform for high quality coffee. Such a platform will allow retailers to trade in comparatively small increments, enabling an improved modality for the trade of lower quantities of coffee. In the past fiscal year, 271,000tn of coffee was sent abroad, generating 854 million dollars, over one-fourth of the total export earnings of the nation. Close to half of the coffee produced in Ethiopia is consumed domestically. By the end of the last fiscal year, the country had 418 licensed exporters and around six million farmers involved in cultivating coffee on over 650,000ha of land. he coffee produced by these farmers is classified into six quality grades by the time it hits the trading floors at ECX.


Radar

New Directive Tightens Rules for Foreign Employment Agencies

The Ministry of Labour & Skills has issued a directive under the Ethiopian foreign employment framework, setting clear standards for agency size, capital, and operations. Depending on their level, newly established agencies can serve between 10 and over 100 workers a day. Office space requirements range from 100sqm to 700sqm, tied to operational scale. Level-one agencies must hold a paid-up capital of 20 million Br and place a security deposit of 250,000 dollars or its birr equivalent...


Radar

Audit Findings Expose Deepening Gaps in Accountability

A new study reveals that audit irregularities in Ethiopia have continued to rise year after year, driven by weak enforcement and unresolved legacy problems. The finding, commissioned by the Office of the Federal Auditor General (OFAG) and conducted by independent researchers from Addis Abeba University, examined audit reports covering 2009–2023. The study attributes the persistent irregularities to limited accountability, poor follow-up, and reduced audit coverage during political transitio...


Radar

Africa Maritime Conference Sets Sights on Seafaring Innovation

The Ministry of Transport & Logistics has launched the first-ever Africa Maritime Conference, marking a bold move to position landlocked Ethiopia as a continental hub for seafaring innovation at a time of global talent shortages. At a pre-conference briefing, Frans Joubert, CEO of YCF Manning Ltd, underscored Africa's untapped potential in the maritime sector. Of the 1.9 million seafarers worldwide, only four percent are African—despite the continent hosting around 150 maritime academie...