Ethiopia’s maiden stock exchange finally opens trading floor
Ethiopia’s long-anticipated stock exchange went live on Friday, marking a turning point for an economy struggling with low access to finance. Banking gurus, economists, and investors who have advocated for a stock market in past decades have hailed the inauguration of the Ethiopian Securities Exchange (ESX) as historic.
Customs Commission extends franco valuta deadline, again
Officials at the Customs Commission have granted franco valuta importers yet another extension for the deadline to finalize their shipments. The decision, which was prompted by requests from importers, extends the deadline by another 30 days.
It's Ethiopian Coffee Harvest Time!
The heart of Ethiopia is beating stronger than ever as coffee farmers are harvesting the world’s finest beans! 🌍☕ From the lush highlands to the rich soils of Guji, Sidama, Yirgacheffe, Djimma, Harrar, and beyond, it's that magical time when the trees are full of ripe, red coffee cherries ready to be picked with care.
ECX, Coffee Authority brews new pricing system following exchange rate float
The Ethiopian Commodity Exchange (ECX) has introduced a new pricing mechanism for coffee sold on its trading floor, but exporters say the changes do not reflect the high prices erasing their margins in the domestic market.
Industrial parks ordered to begin transition into Special Economic Zones
The management teams of the country’s industrial parks have been given short notice to transition into Special Economic Zones following the federal government’s policy change.
Central bank adjusts gold purchase price, again
The central bank has done away entirely with incentives it had previously introduced in an effort to salvage rapidly declining gold supply.
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