ECX Adds One More Commodity

June 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.


UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


Stair Shop

A shop and a shoeshine stall have been set up under the stairs of an overhead bridge. In the most crowded parts of Addis Abeba, there is always some type of vendor selling everyday goods, serving the lower-income population...