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Eleni Gabre-Madhin at ECX. The Ethiopia Commodity Exchange (ECX) is a commodities exchange established April 2008 in Ethiopia.In Proclamation 2007-550, which created the ECX, its stated objective was "to ensure the development of an efficient modern trading system" that would "protect the rights and benefits of sellers, buyers, intermediaries, and the general public."
The Ethiopian government is stepping up its efforts to attract foreign investors, particularly in the textile sector. They can now import their machines without customs duties, benefit from a tax exemption for ten years, pay rents much lower than market prices, and use very inexpensive water and electricity. Major brands have established ...
On 1 August, the government ordered the shutdown of dozens of businesses due to surging prices of basic commodities in Addis Ababa. Addis Ababa City Trade Bureau spokesperson Sewnet Ayele said, "the businesses were caught making unreasonable price increases, mostly on food items. The stocks were imported before the new exchange rate."
Tuesday is market day in Togogwa. There were many people in the market, between 3000-5000 people from the wider surroundings (up to 15-20 km away, all people are on foot); the market is a weekly market, but in June there are always many people in the market because it is sowing time, and people come to exchange or buy seed. [7] [verification ...
The birr (Amharic: ብር) is the primary unit of currency in Ethiopia.It is subdivided into 100 santims.. In 1931, Emperor Haile Selassie formally requested that the international community use the name Ethiopia (as it had already been known internally for at least 1,600 years [2]) instead of the exonym Abyssinia, and the issuing Bank of Abyssinia also became the Bank of Ethiopia.
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Khat with a market price of a quarter rupees per parcel was another commodity, largely produced or exported to Aden. Locally produced woven clothing, earrings, bracelets, wax, butter, honey, mules, sorghum, wheat karanji (a bread used by travellers), ghee and all kinds of tallow were imported to Harar and exported to other parts of the world.
It's too cheap. Current gas and coal prices don't factor in the damage these fuels do to the environment, or to human health. If you don't make people pay for something, they won't have any incentive to change their behavior. It's simple economics. The good news is that the transition from dirty to clean energy is going to create jobs.