Ministry Brings Soybeans, Chickpeas to ECX

Jan 5 , 2019


[ssba-buttons]

The Ministry of Trade & Industry has mandated that soybeans and chickpeas only be traded through the Ethiopian Commodity Exchange (ECX). The decision was made by the Ministry on December 31, 2018. The two commodities will be traded at the five branches of ECX, which include Addis Abeba, Adama and Gonder. The addition of the two commodities pushes the total number of agricultural commodities to be traded at the exchange to nine. So far, the exchange has received 1,042ql of soybeans at its warehouses. ECX has transacted 78,008tn of commodities worth 3.8 billion Br, as of December 2018. Before the conclusion of this fiscal year, ECX is planning to add niger seeds and legumes to its trading commodities.


Radar

US Renews National Emergency, Sanctions on Ethiopia

The United States has extended the national emergency and sanctions on Ethiopia for another year under the African Growth & Opportunity Act (AGOA). Signed by President Donald J. Trump, the measure was first declared on September 17, 2021, through an executive order citing the conflict in northern region of the country as an "unusual and extraordinary" threat to U.S. national security and foreign policy. The extension, effective until September 17, 2026, keeps in place restrictions targeti...


Radar

Rockefeller Pitches Clean Cooking to Curb School Meal Emissions

A recent study has revealed the staggering environmental toll of school feeding programs. A single school serving 400 students can burn through the equivalent of 56 hectares of forest each year to fuel cooking. The Rockefeller Foundation flagged the health risks too, with most cooks, predominantly women, breathing smoke levels ten times higher than the World Health Organisation's safe limit. "If every school meal transitioned to clean cooking with electricity and solar, the emissions saved wo...


Radar

Sun-Powered Grid Brings Light to Qunbi District

A new 600KW solar mini-grid in East Hararge'sQunbi district has connected 2,200 households to electricity, marking a milestone in the recent rural electrification push. Ethiopian Electric Utility (EEU) laid seven kilometres of medium-voltage and 10 kilometres of low-voltage lines, installing four transformers to reach communities long cut off from power. Customers cover only meter and installation costs before accessing the service. The project is part of the national strategy to expand energ...