Zemen Bank became the last existing bank to partner with the Ethiopian Commodity Exchange (ECX) for payment transactions. Wondimagegn Negera, CEO of ECX, and Dereje Zebene, CEO of Zemen Bank, signed the partnership agreement on January 15, 2020. The ECX operates 5,250 accounts at 16 banks with more than 170 non-member sellers and 21,000 customers. Working with the banks for the past 11 years, 255.3 billion Br was deposited into the account of the ECX, while 247.5 billion Br was withdrawn from ECX's account. ECX's first partnership agreement was signed with two banks, Commercial Bank of Ethiopia and Dashen Bank.
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
November 6 , 2021
Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
