Commodity Transactions Hit 3.3b Br

May 11 , 2019


The value of commodity trading on the floor of the Ethiopian Commodity Exchange (ECX) hit 3.3 billion Br last month. The value was obtained from the transaction of 72,756tn of agricultural commodities. Coffee takes the largest share followed by sesame and soybeans. In the reported period, 30,400tn of coffee was traded, fetching 1.62 billion Br. About 19,400tn of sesame was also traded for slightly more than one billion Br. Both the volume and value of sesame traded at the ECX fell last month by 26pc and 19pc, respectively. Soybeans, which began trading at the ECX last November, fetched 261.6 million Br.


Radar

Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Radar

Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Radar

Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...


Back
WhatsApp
Telegram
Email