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

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...