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

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...