ECX Transacts 4.6b Br of Commodities

Feb 15 , 2020


[ssba-buttons]

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

Fresh Push to Help Farmers Get Covered & Cash In

The Ministry of Agriculture has established the Rural Finance Service Unit (RFSU) to coordinate and expand agricultural insurance nationwide. Announced on Tuesday at the 2025 UNDP Financial Resilience in Agriculture Community of Practice forum (held at the UN Economic Commission for Africa headquarters), the RFSU is supported by UNDP, JICA, and other partners with funding from the Bill & Melinda Gates Foundation. Agriculture Minister Girma Amente (PhD) and State Minister Sofia Kassa attended...


Radar

Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity

The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopia's commitment to reaching 100pc energy access for its population within the next five years. According to State Minister for Energy Development Sector Sultan Woli, the compact was prepared in collaboration with key development partners, including the World Bank Group and the African Development...


Radar

Rammis Bank Commences Mobile Application, Card Banking Services

Rammis Bank has launched its mobile banking application and card services as part of its digital expansion drive. The "Rammis Mobile App" was officially introduced during a launch event held on Saturday at the Grand Eliana Hotel. The app allows users to transfer funds at any time, pay bills, top up mobile airtime, and send money to telebirr wallets for themselves or others. The newly introduced card service enables customers to withdraw cash from any ATM and make payments via Point of Sale (P...