Gonder Gears up for Electronic Trading Centre


Gonder Gears up for Electronic Trading Centre

The Ethiopian Commodity Exchange (ECX) announced that it would be opening up its fourth electronic trading centre in Gonder, Amhara Regional State. In addition to its head office in Addis Abeba, it provided electronic trading services in Hawassa, Humera and Neqemt. Similar facilities are also under construction in Mizan Teferi and Tepi in the country's southern part. In its half-year report, ECX reported that it had traded 320,000tn of commodities worth 19.8 billion Br. The figure is 11pc higher than what it had targeted for the first half of the fiscal year and over 13pc higher than what it traded during the same period last year. However, ECX fell slightly short of its goals in terms of quantity traded over the past six months, with a five percent decline compared to the same period last year. With the inclusion of speckled beans, white pigeon peas and pinto beans onto the trading platform, the number of commodities traded at ECX has reached 12. ECX also announced that it is currently conducting preliminary studies to introduce nine new commodities to its trading floors, including cotton and various spices.

[ssba-buttons]

Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...