The Ethiopian Commodity Exchange (ECX) has launched a new online trading system, marking a significant step in the modernization of Ethiopia’s trading sector. The system was officially introduced by the Minister of Trade and Regional Integration, Kassahun Gofe (PhD), who described it as a transformative initiative designed to enhance efficiency and fairness in the trade system.
In a statement, the Minister said:
“We announced key trade reforms that will lay the foundation for a modern trading system. We have launched an online trading system developed by the Ethiopian Commodity Exchange today that will fundamentally change the trading system of our country. The new trading system will make the business sector take its due share in our country’s economy. This online trading system ensures fairness and is a great resource for diversifying our export trade. It connects producers and traders directly from anywhere. Modernizing our marketing system will help farmers benefit from an inclusive financial system. It will also help achieve a fast and inclusive economy.
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