Capital Ethiopia Newspaper

Collateral Commodities

 

The Ethiopian Commodity Exchange (ECX) announced it will expand the warehouse receipt financing scheme. The statement was made during the inclusive Agricultural Finance symposium held from June 6-7. The program will make farmers eligible for bank loans using their warehouse receipts, issued by the exchange for commodities stored in ECX warehouses as collateral. The warehouse receipt financing scheme was launched during March of last year. Farmers’ cooperatives, which embrace smallholder farmers mainly producing maize, wheat, sesame and white pea beans and plans are in the work to expand it to new areas.