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Smell the coffee: Ethiopia’s commodity exchange boosts growth

Posted on 05 June 2013

A bell rings and the floor of Ethiopia’s Commodities Exchange is flooded with traders dressed in coloured coats, waving hands and shouting bids for coffee, sesame seeds or haricot beans. Following a feverish shouting match, prices are agreed upon and the deal is sealed with a high five between buyer and seller.
Established in 2008, the ground-breaking ECX has boosted exports in Ethiopia, improved conditions for producers and is now inspiring other countries in resource-rich Africa to set up their own exchanges to ensure they are the main beneficiaries of commodity exports………………………………………..Full Article: Source


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VRS - who has written 39041 posts on Opalesque Commodities Briefing.


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