Commodity Transactions Hits 2.4b Br

Sep 14 , 2019


Ethiopian Commodities Exchange (ECX) has transacted 2.4 billion Br from 41,339tn of commodities in August. Out of the transacted value, coffee covers 61pc of the total volume and 80pc of the value. The 25,385tn of coffee transacted in the reported period generated 1.9 billion Br. Compared to the same period last year, coffee saw a 22pc increase in volume and a 35pc increase in value. ECX also transacted 292.8 million Br worth of sesame on volumes of 5,115tn. Compared to the previous month of July, sesame transactions increased by 78pc in volume and 115pc in value. It also transacted 1,386tn, 7,498tn and 1,955tn of red kidney beans, soya beans and green mung beans, generating 28 million Br, 115 million Br and 58.3 million Br, respectively.


Radar

DREARY LANES

A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...


Radar

PLUMPY HUMPS

A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...


Radar

IMPROMPTU AISLES

A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...


Back
WhatsApp
Telegram
Email