GMBS2 6691 : 291 | LUBPAA1 1941 : 110 | LUBPAA2 1930 : 6 | LUBPAA3 1753 : 71 | LUBPAA4 1632 : 42 | LWBP2 2097 : 77 | LWBP4 1770 : 47 | LWJM1 1804 : 154 | LWSD2 1910 : 123 | LWSD3 1620 : 31 | UBM7 1642 : 0 | UBM8 1625 : 0 | UGJQ1 2580 : 118 | UGJQ2 2411 : 74 | UGJQ2 2342 : 40 | UHRA4 2726 : 0 | UHRA5 2664 : 0 | UHRB6 2264 : 0 | UHRB7 2242 : 0 | UHRC6 2213 : 0 | UIB6 1797 : 0 | UIB6 1797 : 0 | UIB7 1739 : 0 | UIB7 1739 : 0 | UJM6 1797 : 0 | UJM7 1739 : 0 | UKF4 1800 : 0 | UKF6 1659 : 0 | UKF7 1642 : 0 | UKF8 1625 : 0 | UKFQ1 2419 : 0 | UKW3 2179 : 0 | UKW4 1938 : 0 | UKW6 1797 : 0 | USDA5 1893 : 77 | USDA7 1872 : 0 | UYCA4 2044 : 0 | UYCA5 1924 : 12 | UYCB7 1836 : 0 | WGJQ1 2754 : 0 | WGJQ1 2754 : 0 | WKFQ1 2476 : 0 | WSDA3 2483 : 0 | WSDAQ1 2728 : 0 | WSDAQ2 2598 : 0 | WSDC3 1849 : 0 | WYCA3 2407 : 0 | WYCAQ1 2754 : 0 | WYCAQ2 2599 : 0 | RKBSA1 3529 : 110 | RKBSA2 3450 : 2 | RKBSDA3 3334 : 8 | RWPA3 2929 : 10 | RWPA3 2929 : 2 | RWPALG 2651 : 7 | WHGS2 5705 : 41 | WHGS2 5705 : 41 | WHGS3 5580 : 38 | WHGS3 5580 : 38 | WHGS3 5580 : 38 | WWSS3 5558 : 38 | WWSS4 5437 : 37 | WWSS5 5250 : 32 | BRDC4 3900 : 100 | BRDC5 3800 : 3800 | SBWO4 2671 : 90


Organizational Structure and Capacity

Ethiopia Commodity Exchange is overseen by Board of Directors, which consists of 11 members, out of which six are appointed by the Ministry of Trade, including the chairperson and five are elected by the members of the Exchange. In the last ten years, different Board of Directors, chaired by Ato Addisu Legesse, Ato Mekonen Manyazewal, Ato Tefera Deribew and Ato Sani Redi respectively, led ECX. At this time, a Board of Directors chaired by Dr Yinager Dese is in a position. 

During the establishment of Ethiopia Commodity Exchange, Dr. Eleni Gebremedhin, the first Chief Executive Officer, played a pivotal role in laying the foundation of the modern trading system. Led by Dr. Eleni, the first senior management organized ECX by manpower, knowledge, material and technology.

They exerted their utmost effort to mainstream the modern trading system as a new concept, to establish international standard working environment, to kick off the trade, to register members, to introduce more commodities to the trade and to create technological capacity. Their effort enabled the Exchange to be the pride of the country, centre of excellence for African countries and internationally recognized.

As it is a new institution for our country, ECX was established in 2008 with the budget allocated by the government and monetary support of international organizations. This contribution allowed the Exchange to run its business by its income after five years.

While the end of the term of the founding senior management members, they replaced competent staffs by their merits and properly handed over their responsibilities. After Dr. Eleni Gebremedhin, Ato Anteneh Asefa, Ato Shimelis Habtewold and Ato Ermias Eshetu led the Exchange as CEO respectively.

The remarkable change in the organizational structure of ECX, in the last decade, was the spin-off of the warehouse operation from the Exchange in 2015 and merging again in 2017. According to the regulation of the Council of Ministers 331/2014, Ethiopian Agricultural Commodities Warehousing Service Enterprise (EACWSE) has been established. The purpose of the enterprise encompasses constructing and managing modern and technology-based commodity warehouses; receiving, grading, weighing and depositing incoming commodities, issuing warehouse receipt and delivering commodity; setting up and implementing modern, efficient, centralized and automated warehouse receipt system and the like.

Based on the experience of other countries, it was planned to handle the warehouse service through private firms, companies and enterprises, but there was no well-organized local capacity. To enable ECX to focus on trading only and to create an enabling environment to establish modern and efficient warehouse system, EACWSE was formed as a government entity business firm.

Since then ECX and EACWSE closely worked in commodity receiving – trading – clearing settlement process. Pawe and Dansha branches have been established by the enterprise and efforts were exerted to enhance the accessibility of the warehouse service.

One of the changes in the new coffee trading system in 2017 was the dissolution of EACWSE and merging to ECX enabling efficient and effective trading. As of July 2017, based on the regulation of the Council of Ministers 404/2017 dated May 17, 2017 ECX and EACWSE are merged.     

When the coffee trading system was introduced, the reform activities showed the strong organizational capacity of the Exchange. Designing new trading system, capacitating warehouses, establishing an electronic system for the process from commodity receiving till delivery, empowering members and traders in new trading system have been implemented. 

Now, Ethiopia Commodity Exchange is rendering a decade-long modern trading service at the head office and 22 branches. At the end of 2017/2018 fiscal year ECX has 632 male (70%) and 266 female (30%) staff, totaling to 898. 

Board Members

H.E. DR. Yinager Dessie | Board Chairman

H.E Dr Eng Getahun Mekuria | Board Memeber

H.E. Ambassador Misganu Arega | Board Member

H.E. Ato H/eyesus Bekele | Board Member

 

H.E. Ato Abebe Abebayehu | Board Member

H.E. Ato Bulbula Tule | Board Member

H.E. Ato Abebaw Andargie | Board Member

H.E. Ato Oumer Wabi | Board Member

Ato Abdela Bagersh | Board Member

Ato Alula  Gebremichael    | Board Member