In addition to the nine agricultural commodities Niger Seed has been attracting the modern marketing system, as the 10th agricultural product.
The Ethiopia Commodity Exchange; branches which are ready to receive Niger seed are Addis Ababa, Saris, Bure, Nekemte, Gondar, Kombolcha, Assosa and Pawi. The addition of Nigger Seed in the modern trading system can help to reduce the illegal transactions, and foster the country’s export trade.
In another news, in the month of November 2019, trade at the ECX trading platforms had been conducted for 21 days during which 21,704 tons of coffee, 3,310 tons of white Pea bean, 29,300 tons of sesame, 1,083 tons of Soya Bean and 5,428 tons of Green Mung Beans have been transacted for a total of 2.8 billion birr. Coffee took a market lion’s share contributing 36% in trade volume and 50% in trade value.
During the month export coffee trade dominated the market by controlling market attention with 63 % of the volume the value, followed by Local and Specialty coffees in row. 13,557 tons of unwashed export coffee had been transacted for 862 million birr. Unwashed coffee origins, Illuababour shined with 29% of the volume of the category followed by Gimbi with 23% market share.
Niger Seed, the 10th commodity in the ECX platform
High Level Advocacy event celebrates role of women in protecting and advancing rights of women and girls
A High Level advocacy event co-organized by the Ministry of Women, Children and Youth Affairs, Ethiopian Human Rights Commission and UNFPA, the United Nations Population Fund, took place on Tuesday December 10. The event was held under the theme “Celebrating the Role of Women in Protecting and Advancing the Rights of Women and Girls,” bringing together all relevant stakeholders to dwell on the critical contribution of women in the protection and advancement of the rights of women and girls. The event was organized in connection with the 16 Days of Activism Against Gender-based Violence. The High Level event formed part of a series of advocacy events aimed at stepping-up efforts at influencing public policy and eliminating discrimination and biases with the purpose of contributing to efforts at enabling women and girls to realize their full potential. The event highlighted the need to redouble efforts on realizing gender equality and human rights for women and girls, underlining the urgency to place issues of gender equality, women’s empowerment and human rights high on the public and policy agendas as well as programming.
Denmark’s IFU becomes TDB’s latest institutional shareholder
Denmark’s Investment Fund for Developing Countries (IFU) signed a shareholder agreement with TDB, acquiring 1,750 of its Class B shares. With an investment of USD 20 million in TDB’s capital stock, IFU becomes TDB’s newest institutional shareholder.
A Cooperation Agreement was also signed during the same occasion between both institutions, whereby these agreed to collaborate on various new initiatives such as the Bank’s SME programme, special purpose funds and technical assistance.
With this agreement, TDB and IFU will also explore co-financing opportunities via various financing structures and information sharing, in key sectors including agriculture, healthcare, education, energy, hospitality and infrastructure.
Netsanet Raya
Name: Netsanet Raya
Education: MA in Development management
Company name: Elbat Solution
Title: Founder
Founded in: 2016
What it does: Enabling and accelerating digital finance
HQ: Addis Ababa
Number of employees: 30
Startup Capital: 500,000 birr
Current Capital: Growing
Reasons for starting the business: Addressing the missing middle in the digital finance arena
Biggest perk of ownership: Space for innovation and flexibility
Biggest strength: Understanding and solution oriented
Biggest challenging: Finding professionals
Plan: To be operational at scale and innovation solution
First career: Officer in financial institute
Most interested in meeting: Entrepreneurs
Most admired person: My father
Stress reducer: Sports
Favorite past time: Reading books
Favorite book: Return on integrity
Favorite destination: Historical places
Favorite automobile: None
