ECX Facilitates 5.3 Billion Birr Commodity Transactions, Exceeds Target by 17 Percent

ADDIS ABABA: The Ethiopian Commodity Exchange (ECX) has reported the successful transaction of commodities worth 5.3 billion Birr over the past three months, surpassing its target by 17 percent, officials announced.According to Ethiopian News Agency, ECX CEO Wondimagegnehu Negera disclosed this achievement during a press briefing, emphasizing that the exchange is aligning its activities with Ethiopia's 10-year master plan. This alignment focuses on the pillars of the Homegrown Economic Reform, which include agriculture, industry, mining, tourism, and the digital economy.The CEO further highlighted ECX's preparations to introduce additional products into its modern market system. These products include Teff, flaxseed, Eleusine coracana, leather, pelt, and salt, among others. The move is part of ECX's mission to connect buyers and sellers in a transparent and efficient market, leveraging technology and innovation.ECX began trading operations in April 2008 and aspires to transform the Ethiopian economy by becoming a global commodity market of choice. It aims to achieve this through a commitment to continuous learning, fairness, and excellence.