May Commodity Transactions Hit 2.8b Br

Jun 8 , 2019


[ssba-buttons]

The Ethiopian Commodity Exchange (ECX) transacted 55,080tn of commodities valued at 2.8 billion Br in May. Coffee took the lion’s share by contributing 29,382tn, while soybeans and sesame followed at 14,583tn and 8,902tn, respectively. Coffee transactions have shown an increase of 0.66pc compared to the same period last year. Sesame generated 563 million Br in revenue from a transaction volume of 8,902tn. Out of this amount, 72pc of volume and 74pc of value was generated from Humera sesame. Soybeans generated 231 million Br in revenue last month with a transaction total of 14,583tn. ECX also traded 2,213tn of white pea beans for 48.52 million Br. Compared to April, white pea bean transactions showed a decrease of 43pc in quantity and 34pc in value.


Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hyatt Regency Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...


Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...