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Anteneh Assefa, the newly appointed Chief Executive Officer (CEO) of the Ethiopian Commodity Exchange (ECX), has officially joined the exchange as per schedule on August 1. The new CEO, who replaced Dr. Eleni Z. Gebre Medhin, founder and the first CEO of the exchange since its establishment in April 2008, will travel to the exchange branches in the country with Dr Eleni to observe the activities in every area. Most of the sector observers said many tough duties are awaiting the new CEO that was vice president of the Bank of Abyssinia. Dr Eleni, who received international recognition for her effort to form and manage the modern electronic market, has given her praise to the incoming CEO. The exchange that formed to transform the traditional grain trading system is mainly undertaking the exchange of coffee, sesame, haricot bean and other grains, and it also plans to include other commodities on the trading floor.