ECX Tightens Regulations on Sesame Exports

Apr 21 , 2024


[ssba-buttons]

Sales contracts with overseas buyers and pre-registration with the Ministry of Trade & Regional Integration have become mandatory prerequisites for trading sesame on the Ethiopian Commodity Exchange (ECX) floor starting this week. According to Dawit Mura, head of corporate communications, the move aims to stabilise the market and prevent hoarding, particularly in commodities like sesame. Considering it is not a harvest season, Dawit believes the regulation is essential to encourage international trade. Exporters who have traditionally relied on the Exchange for accessing 23 commodities must comply with these regulations. Edao Abdi, who chairs the Ethiopian Pulses, Oil Seeds, & Spices Exporters Association, said the decision was taken to maintain the country's export earnings and restrict the domestic price hike.


Radar

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...


Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...


Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...