Niger Seed Joins ECX Floor

Dec 14 , 2019

Niger seed joins the trading floor of the Ethiopia Commodity Exchange (ECX) as the 10th agricultural commodity. Eight of the ECX's branches, Addis Abeba, Saris, Bure, Nekemte, Gonder, Kombolcha, Assosa and Pawi are ready to receive Niger seed, according to a statement from the ECX. "The addition of Niger Seed in the modern trading system can help to reduce the illegal transactions and foster the country’s export trade," reads a statement from the ECX. In November the ECX traded 60,825tn of commodities worth 2.8 billion Br. From the traded commodities, sesame took the lion's share in volume, accounting for 29,300tn, followed by coffee with 21,704tn. Green mung beans, white pea beans and soya beans were next in line with 5,428tn, 3,310tn and 1,083tn, respectively.



Women around the Koshe area hunt through piles of trash to find scraps of metal to sell. With close to three million people unemployed in the country and a headline inflation of 33pc, unskilled labour is in little demand. Ethiopia has an adult literacy rate of 51pc, with fewer numbers going past high school. Less than three percent of 12th-grade students made it to universities this year while the rest were at the mercy of remedial exams...



An old wooden car that was part of a commercial campaign by a furniture company around the Beherawi Theatre area. Ethiopia's forest coverage to national land size has been registered at 15pc to the latest data by the World Bank. The current Prime Minister Abiy Ahmed launched an initiative labelled 'Green Legacy' to plant five billion trees in 2020 claiming an 83pc success...



A young boy attempts to pull a piece of cloth from an overloaded pickup truck around the Ayer Tena area. Observing an unsupervised child on the streets of the capital has become a common sight, with sporadic conflict across the country creating nearly four million internally displaced people. Despite the last census having been conducted 16 years ago, the population of the country is estimated at 120 million...