ECX Monthly Transactions Hit 2.4b Br

Jul 13 , 2019


[ssba-buttons]

The Ethiopian Commodity Exchange traded 2.4 billion Br worth of commodities in June 2019. Coffee took the lion’s share of trading with 26,137tn exchanging hands, 58pc of overall volume, and its value accounted for 76pc of the ECX’s total. Soybeans took second place with a traded volume of 11,409tn, which traded for 177.2 million Br. Most of that coffee was exported. For the local market, ECX traded 5,449tn of coffee worth 328.9 million Br. The amount of coffee traded on the floor has increased by 22pc in revenue and 18pc in volume compared to the same period last year. ECX  traded 1,728tn of white beans amounting to 35.5 million Br. Compared to the same period last year, the figure shows a decrease in volume of 24pc but registered a 1.4pc increase in value.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...