The Ethiopian Commodity Exchange (ECX) will open a new warehouse and branch office at Metu in Oromia Regional State at a cost of 65.6 million Br. The ECX was given a 3,200Sqm plot of land free of lease by the municipal government of Metu. Construction of the modern warehouse will cost 33 million Br. The construction of a sample-taking shed, branch office and fencing will cost an additional 32 million Br, according to Wendmagegnehu Negera, CEO of ECX. Construction of the new branch is expected to take nine months to a year, but in the meantime, the ECX has rented an office and a warehouse space and is ready to begin operations in Metu. The decade-old ECX trades commodities such as coffee, sesame and maize.
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