Ethiopian Commodity Exchange Lures New Board of Directors

May 6 , 2023

New board members were assigned to the Ethiopian Commodity Exchange (ECX) last week, making Kassahun Gofe, state minister for the Ministry of Trade & Regional Integration (MoTRI) the board chairman replacing Yinager Dessie, former governor of the central bank. The other newly appointed board members include Sofia Kassa, state minister of Agriculture, Adugna Debela, director general of Ethiopian Coffee & Tea Authority; Solomon Desta, vice governor of the central bank; Dereje Gufa, deputy president of Commercial Bank of Ethiopia and Nuredin Mohammed, director of projects at MoTRI.



The recently unveiled statue of the late singer  Ali Birra glistens in the foggy weather around the Haile Garment area. Art in all its forms has been intimately weaved into the tapestry of Ethiopian history since the advent of Axumite civilisation. Be it paintings etched into the walls of churches across the country or the endemic pentatonic musical scale, art has provided an escape in times of war, drought and strife. As Ethiopia ventures into a new year haunted by inflation, conflicts and uns...



Bundles of sticks and figs are sold for 40 Br around the Gofa area, as urbanites prepare for Mesqel celebrations. Soaring prices of everyday amenities in the capital as conflict resurges in Ethiopia's north has Addis Abeba residents haggling fervently in this holiday season. As the price of a quintal of teff stabilised above 10,000 Br mark this year and a kilogram of onions soared past 100 Br, city dwellers have been counting pennies trying to stretch their holiday budget. The capital's trade bu...



Mesqel Square fills with smoke as thousands gather to mark the eve of the eponymous holiday by lighting ritual bonfires. Followers of the Orthodox Tewahdo Church celebrate the day each year that marks the rediscovery of the "True Cross" in the 4th century. The evening is set against a backdrop of hymns by choirs armed with unique Ethiopian church instruments. Mesqel celebrations take place two weeks into the Ethiopian New Year weaving into the early months a festive spirit rarely seen throughout...