ECX Transacts 4.6b Br of Commodities

Feb 15 , 2020


The Ethiopian Commodity Exchange (ECX) transacted 92,239tn of commodities worth 4.6 billion Br in January. During the month, the ECX transacted 43,927tn of sesame and 24,391tn of coffee for 1.9 billion Br and 2.2 billion Br, respectively. It also traded 9,643tn of soybeans, 9,268tn of green mung beans, and 5,009tn of chickpeas for 201 million Br, 240 million Br, and 65.6 million Br, respectively. Compared to the same period last year, the transacted sesame shows a 37pc increment in volume and 33pc in value. Coffee shows a growth of 51pc in value and volume that was provided for the foreign market. The overall transactions compared to the same period of last year shows a decline of 10pc in volume and a growth of 21pc in value.


Radar

Dashen Bank Rolls Out Mobile Payment Solution

Dashen Bank has introduced a new digital payment service that allows customers to pay for fuel with ease using the Dashen Super mobile app. The service was officially launched on May 13 and is now available at every fuel stations. According to the bank, the Dashen Super app enables users to make payments in just three clicks, offering a fast and convenient alternative to traditional payment methods. Dashen Bank announced that it plans to expand the service across all fuel stations in the coun...


Radar

Four Key Agreements Passed in Parliaments 29th Regular Session

In its 29th regular session of the fourth year, Ethiopia's 6th Parliament approved four key agreements: two loan deals, the establishment of a finance corporation, and an air transport agreement. Assistant Minister of State for Finance, Meseret Haile, introduced the proposed loan agreements and requested they be sent directly to a second reading for discussion and approval. Parliament accepted the request and proceeded with a detailed discussion on the draft proclamations. Members of Parli...


Radar

New Pact Targets Rural Road Links, Food Security Goals

The Ministry of Urban Development and Infrastructure has signed an agreement with several federal institutions to launch a major project targeting rural connectivity and food security. At the signing ceremony, State Minister Yetmegeta Asrat represented the Ministry alongside officials from the Federal Ethics and Anti-Corruption Commission, the Federal Public Procurement and Property Authority, the Environmental Protection Authority, and Helvetas Ethiopia. A separate agreement was also signed...