ECX Adds One More Commodity

Jun 29 , 2019

The Ethiopia Commodity Exchange (ECX) has started trading chickpeas at five of its 23 branches as of June 28, 2019. The branches located in Saris, Adama, Bure, Kombolcha and Gonder have started trading the commodity. At the beginning of the current fiscal year, ECX started trading chickpeas and soya, raising the number of commodities to nine. Until June 26 of the current Ethiopian fiscal year, 10,066tn of soybeans valued at 1.2 billion Br have been traded. In the past fiscal year, the country was able to generate 91 million dollars from the export of 49,000tn of chickpeas. Trading the product will improve the export quality and enable suppliers to get paid right after their product has been exchanged, according to Wendimagegnehu Negera, CEO of the ECX.



A young shoe shiner goes door to door, offering his services around the Stadium area. It is common in the capital to see young rural migrants engaged in physical labour, scraping change to send home. CHR Michelsen Institute (CMI) estimates that one out of three rural households has at least one family member migrating to cities. Extreme poverty and lack of access to farmland force many to look for better prospects in the city. Upward income mobility has remained stagnant over the last five years...



A carriage around the Ayat area delivers water, as homes rarely access tap water in the area. Ethiopia has nine major rivers, and twelve big lakes, often called the water tower of Africa. However, UNICEF estimates that up to 80pc of communicable diseases in Ethiopia are due to a lack of access to safe water and sanitation. The second most populous country in Sub-Saharan Africa has the highest percentage of the population without access to potable water at 60pc, while the average daily consumptio...



Holiday activities at Jan Meda included penalty shoot outs for cash pay alongside other carnival games. The World Cup final in Qatar ended in penalty shoot outs this year, a global audience of 1.5 billion watched the spectacle. While the tournament's ending had stirred planetary awe, the death of 37 workers during the construction of the stadiums had given the games a sour taste early on. The tournament broke records of the biggest budget of more than 200 billion dollars and the most spectators...