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[Nov 2017] Ethiopian Commodity Exchange (ECX) Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Ecx Members Lambast New Directive

Ethiopian Commodity Exchange ECX EthiopiaIntermediary members at the Ethiopia Commodity Exchange (ECX) fear that a newly introduced directive by the Ministry of Trade could potentially harm their participations and possibly force them to leave the trading floor, it was learnt.

According to sources that regularly trade at the ECX as intermediary members, the new

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ECX splits into two

The Ethiopia Commodity Exchange (ECX), the first organized exchange in Ethiopia, is set to split into two giving rise to another state-owned enterprise called the Ethiopian Agricultural Commodities Warehousing Service Enterprises (EACWSE)

which will be in business of providing an innovative warehousing services to ECX and other customers in the market.

The company will be the latest to be incorporated as SoE under the supervision of the Privatization Public Enterprises Supervisory Agency (PPESA) which is established with an

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ECX Auctions 17th Membership Seat for 1.6m Br

The Ethiopian Commodity Exchange (ECX) transferred the 17th membership seat for 1.6 million Br on an auction held on May 7, 2015.

The bid that was held in the presence of the bidders and legal representatives in the premises of the ECX was concluded with Abayneh Zerfu, an individual bidder, making winning offer.

When a member plans to sell his or her seats at the ECX, the Exchange takes the mandate of holding the bid and floating tenders. Then competitive bidders will officially buy documents and make offers for the

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How to Start a Private Limited Company (PLC) in Ethiopia

1. Prepare Memorandum of Association and Articles of Association
A sample document can be obtained from the Ministry of Trade (Located infront of Dembel City Center, Bole Road) or from internet centers around Document Authentication and Registration offices (DARO). The document can be prepared in Amharic and English but you might be asked to provide the Amharic version on subcity level. Take a closer look at the decision making part, specifically how much percentage is considered to be majority because when you change

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