ECX Half Year Transaction Hits 14b Br

Feb 16 , 2019


[ssba-buttons]

The transaction at the Ethiopian Commodity Exchange hit 14 billion Br in the first half of the current fiscal year. The value was recorded from the transaction of 256,000tn of commodities. Coffee takes the largest share in volume with 76pc, followed by sesame and white pea beans that account for 16pc and eight percent, respectively. ECX has achieved 88pc of its volume and 111pc of its value targets. The volume transacted by the ECX shows a 17pc decline. The hoarding of products by traders hoping prices spike and political uncertainty in some parts of the country were cited as reasons for the decrease by the ECX. In the first month of the second half of the current fiscal year, ECX traded 74,029tn of commodities worth 3.5 billion Br.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...