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ECX Quarterly Transactions Hit Seven Billion Br

Nov 2 , 2019

The Ethiopian Commodities Exchange (ECX) transacted seven billion Birr from 131,000tn of commodities in the first quarter of this year. Out of the total amount transacted, coffee took the lion's share in volume and value, followed by sesame. ECX transacted 79,202tn of coffee for 5.9 billion Br and 14,926tn of sesame for 835 million Br. It also transacted 25,882tn of chickpeas for 396 million Br and 4,009tn of wheat beans for 83 million Br. The transacted values have shown an increase of 86pc in value and 70pc in price compared to the same period last year. During this quarter, ECX also added red beans and green mung beans to the trade floor and transacted 7,065ql for 216.7 million Br. It also plans to start trading niger. Currently, ECX, which has 347 members, is trading white kidney beans, red kidney beans, sesame, coffee, maize, wheat, soybeans, chickpeas and green mung bean.  

Radar

CLEAN SWEEP

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...

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WET CARRIAGE

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...

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FRIENDLY SHOOT OUTS

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...

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