05.06.2013 - Smell the coffee: Ethiopia's commodity exchange boosts growth
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
Print