Ethiopia Commodity Exchange has shared its vast experience in modern trading system to the officials of Mozambique Commodity Exchange and Reserve Bank of Malawi for three days, August 13 – 15, 2019.
The senior management members of the Exchange shared their experience in compliance, warehouse, quality and trade operations; trade & warehouse surveillance, clearing and settlement and business information dissemination. The guests also paid visit to the central laboratory, trading platform and Addis Ababa Branch. In line with this, both organizations shared their experience in the commodity exchange operational and regulatory activities.
This engagement paves the way for integrating the African Exchanges to engage jointly in intra-continental modern trading. The recent Africa Free Trade Agreement, regional economic integration and other multi-lateral economic agreements between African countries are unexploited opportunities to African Exchanges to establish bilateral and multilateral agreements each other to facilitate the modern agricultural and industrial commodities trade system. This in turn creates more market access to African farmers and companies to trade each other.
ECX is serving as centre of excellence to African Commodity Exchanges in addition to international organizations, universities and researchers. The Ghana, Tanzania, Rwanda and other Exchanges have been established after they grasped the experience of the Ethiopia Commodity Exchange.
Based on this and the local demand, ECX is striving to establish its academy (ECX Academy) in the present fiscal year to conduct well designed and tailored trainings. It is expected that local traders, baristas, cuppers; as well as staffs of the African Exchanges will exploit the opportunity given by the academy. During the present experience sharing session, the Chairwoman of the Mozambique Commodity Exchange expressed her interest to send her technical staffs to ECX for in depth training.
ECX is proud of sharing knowledge and experience to African exchanges through its corporate social responsibility.