DigEthiopia - Stories tagged with ECX

Ethiopia's Commercial Growth Video by CNN

published 369 days, 13 hours, 41 minutes ago posted by adminadmin 369 days, 13 hours, 43 minutes ago
Friday, May 20, 2011 4:05:03 AM GMT Friday, May 20, 2011 4:04:01 AM GMT
Ethiopia's Commercial Growth Video by CNN (more)

How Kulkarni designed the first Ethiopia Commodity Exchange in Africa

published 380 days, 12 hours, 58 minutes ago posted by adminadmin 380 days, 13 hours, 5 minutes ago
Monday, May 09, 2011 4:48:41 AM GMT Monday, May 09, 2011 4:41:50 AM GMT
His business card says chief economist of Ethiopia Commodity Exchange. But Bharat Kulkarni's role in creating the exchange, the first one in east Africa, has been a much bigger one. He joined the United Nations wing UNDP in 2008 with the job of advising the Ethiopian government in setting up the trading operations of the exchange. "This is the only commodities exchange in east Africa and I was involved in setting it up. Till late last year, I was head of operations and now my role has been extended to ... (more)

Ethiopian Commodity Exchange To Assure Pure Monopoly?

published 624 days, 15 hours, 20 minutes ago posted by adminadmin 624 days, 15 hours, 29 minutes ago
Tuesday, September 07, 2010 2:26:47 AM GMT Tuesday, September 07, 2010 2:18:00 AM GMT
It has been over two years since the ECX missed its target and moved towards a monopoly-like market structure. The first commodity exchange was established in the country in April 2008, with a capital investment of Birr 194 million. At the time of its establishment, many hoped that it would take little time to transform from an era of weak agricultural marketing to one of efficient exchange. (more)

Ethiopian Commodity Exchange Traded Over 4.2 Billion Birr In 2009

published 864 days, 14 hours, 6 minutes ago posted by adminadmin 864 days, 14 hours, 22 minutes ago
Sunday, January 10, 2010 3:40:43 AM GMT Sunday, January 10, 2010 3:24:37 AM GMT
The Ethiopian Commodity Exchange (ECX) traded about 170,000 tonnes of coffee valued over 4.2 billion birr in 2009, said Eleni Z. G.Medhine, CEO of ECX. (more)

Traders offer up to 3mln birr for EXC membership

published 870 days, 14 hours, 8 minutes ago posted by adminadmin 870 days, 14 hours, 33 minutes ago
Monday, January 04, 2010 3:38:34 AM GMT Monday, January 04, 2010 3:13:47 AM GMT
Major players in the trade and agriculture industry offered up to three million birr for a full membership fee at the Ethiopian Commodity Exchange, it was learnt. The larg... (more)

Ethiopian Commodity Exchange to install 154 price tickers across the country

published 926 days, 14 hours, 39 minutes ago posted by adminadmin 926 days, 14 hours, 41 minutes ago
Monday, November 09, 2009 3:07:29 AM GMT Monday, November 09, 2009 3:05:44 AM GMT
The Ethiopia Commodity Exchange (ECX) said that it plans to install 154 price tickers across the country at a cost of close to $1.7 million within the next year and a half. (more)

Ethiopia to launch online trading for agro-exports

published 938 days, 12 hours, 38 minutes ago posted by adminadmin 938 days, 13 hours, 9 minutes ago
Wednesday, October 28, 2009 5:08:50 AM GMT Wednesday, October 28, 2009 4:37:29 AM GMT
Ethiopia's newly established electronic commodity exchange plans to launch an online trading system aimed at doubling agricultural export income to $400 million in 2010 from $239 million, an official said. Solomon Edossa, chief technology officer in the Ethiopian Commodity Exchange (ECX), told Reuters on Tuesday that up to 20 online trading centres would be established in the main production hubs of commercial crops by the middle of 2010. (more)

Government-controlled ECX brings in face-saving "farmer"

published 941 days, 10 hours, 45 minutes ago posted by adminadmin 941 days, 10 hours, 45 minutes ago
Sunday, October 25, 2009 7:02:02 AM GMT Sunday, October 25, 2009 7:01:49 AM GMT
The government-controlled Ethiopia Commodity Exchange (ECX) has for the first time added a representative from a farmers' cooperative to its board of directors. (more)

Ethiopian Commodity Exchange is big business

published 952 days, 11 hours, 57 minutes ago posted by adminadmin 952 days, 11 hours, 59 minutes ago
Wednesday, October 14, 2009 5:49:19 AM GMT Wednesday, October 14, 2009 5:47:14 AM GMT
Can commodity markets succeed in Africa? The success of the Ethiopia Commodity Exchange (ECX) answers that question with a resounding “yes.” Eleni Gabre-Madhin, the founder and CEO of the ECX, told the Seventh Biennial U.S.-Africa Business Summit that the commodity exchange trades more than $300 million in coffee annually, along with four other key commodities; improves agriculture, trade and food security; and returns value to Ethiopian farmers. (more)

Eleni Gabre-Medhin says commodity markets can succeed in Africa

published 957 days, 12 hours, 24 minutes ago posted by adminadmin 957 days, 13 hours, 8 minutes ago
Friday, October 09, 2009 5:22:32 AM GMT Friday, October 09, 2009 4:38:07 AM GMT
Eleni Gabre-Madhin, the founder and CEO of the ECX, told the Seventh Biennial U.S.-Africa Business Summit that the commodity exchange trades more than $300 million in coffee annually, along with four other key commodities; improves agriculture, trade and food security; and returns value to Ethiopian farmers. Washington D.C.  (October 8, 2009) – Can commodity markets succeed [...] (more)

IFC Backs implementation of WHR Financing

published 959 days, 23 hours ago posted by adminadmin 967 days, 59 minutes ago
Tuesday, October 06, 2009 6:46:28 PM GMT Tuesday, September 29, 2009 4:47:28 PM GMT
The private sector financing arm of the World Bank, IFC, is going to finance banks that are going to be involved in the Warehouse Receipt (WHR) financing scheme that the Ethiopian Commodity Exchange (ECX) is designing to implement in 2009/10 fiscal year. (more)

Ethiopia heading for coffee monopoly

published 963 days, 11 hours, 43 minutes ago posted by adminadmin 967 days, 11 hours, 55 minutes ago
Saturday, October 03, 2009 6:03:56 AM GMT Tuesday, September 29, 2009 5:51:34 AM GMT
Eleni - Losing her credibility very fast The Ethiopian Commodity Exchange (ECX) has in the past been accused by private coffee traders of being a catalyst for the government's morbid desire to bring the lucrative coffee sector under its control. The government is taking its coffee trading sectors even to remote areas.Now a government official warns that anyone acting out of the coffee... (more)