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GMBSLG 1570 : 20 | LUBL5B 530 : 21 | LUBP2 806 : 80 | LUBP2 1020 : 26 | LUBP3 805 : 23 | LUBP3 806 : 12 | LUBP5A 611 : 4 | LUBP5B 570 : 570 | LUJM5B 600 : 40 | LUWG4 522 : 58 | LUWG4 515 : 515 | LUWG5B 463 : 2 | LWBP1 1250 : 4 | LWBP2 1095 : 0 | LWJM2 930 : 70 | LWSD3 1010 : 5 | UBL3 1500 : 15 | UBL6 1385 : 25 | UFRA6 981 : 10 | UFRA7 972 : 6 | UFRA8 964 : 20 | UFRA9 970 : 19 | UFRAUG 970 : 1 | UGJQ1 2518 : 120 | UGJQ2 1860 : 1 | UHRA4 1928 : 26 | UHRC3 1550 : 2 | UJMA6 1021 : 16 | UJMB4 1141 : 41 | UJMB6 1033 : 8 | UJMB7 999 : 2 | UJMB8 951 : 93 | UKCAQ1 2450 : 1 | UKCAQ2 1950 : 20 | UKF3 1251 : 1 | UKFQ2 1432 : 187 | ULK5 1127 : 8 | ULK6 1085 : 1 | ULK7 1058 : 27 | ULK8 1008 : 9 | USDA3 1792 : 67 | USDA4 1601 : 1 | USDA4 1602 : 2 | USUSDA5 1548 : 1548 | UYCB7 1400 : 83 | WGJQ1 1808 : 201 | WGJQ2 1800 : 21 | WLMA3 997 : 14 | WLMAQ2 1198 : 45 | WSDA3 1200 : 39 | WSDA3 1536 : 10 | WSDA4 1271 : 61 | WSDAQ2 1618 : 1 | WSDAUGp 896 : 43 | WSDBQ2 1562 : 12 | WSDCQ1 1400 : 0 | WSDDQ1 1655 : 15 | WSDDQ2 1553 : 13 | WSDEQ2 1150 : 32 | WYCA3 1722 : 82 | RWPA4 1470 : 20 | RWPA4 1510 : 10 | RWPA5 1450 : 10 | RWPA5 1480 : 32 | RWPALG 1425 : 15 | RWPALG 1439 : 4 | RWPALG 1425 : 1 | WHGS2 4051 : 39 | WHGS2 4100 : 0 | WHGS2 4001 : 1 | WHGS3 4094 : 24 | WHGS3 4001 : 2 | WHGS4 4001 : 1 | WHGS4 3949 : 18 | WHGS4 3900 : 0 | WHGSUG 3850 : 50 | WWSS3 3900 : 20 | WWSS3 3906 : 22 | WWSS4 3850 : 49 | WWSS4 3850 : 0 | WWSS4 3870 : 20

Head QuarterThe Ethiopia Commodity Exchange (ECX) is a new initiative for Ethiopia and the first of its kind in Africa. The vision of ECX is to revolutionize Ethiopia’s tradition bound agriculture through creating a new marketplace that serves all market actors, from farmers to traders to processors to exporters to consumers. The ECX is a unique partnership of market actors, the Members of the Exchange, and its main promoter, the Government of Ethiopia. ECX represents the future of Ethiopia, bringing integrity, security, and efficiency to the market. ECX creates opportunities for unparalleled growth in the commodity sector and linked industries, such as transport and logistics, banking and financial services, and others.

ECX assures all commodity market players the security they need in the market through providing a secure and reliable End-to-End system for handling, grading, and storing commodities, matching offers and bids for commodity transactions, and a risk-free payment and goods delivery system to settle transactions, while serving all fairly and efficiently.

ECX creates trust and transparency through aggressive market data dissemination to all market actors, through clearly defined rules of trading, warehousing, payments and delivery and business conduct, and through an internal dispute settlement mechanism. ECX provides market integrity at three important levels: the integrity of the product itself, the integrity of the transaction, and the integrity of the market actors.

The Ethiopia Commodity Exchange (ECX) commenced trading operations in April 2008. ECX has invited membership of the agricultural and trade industry.

The Ethiopian Commodity Exchange was started to benefit and modernize the way Ethiopia was trading it’s most valuable assets, it’s commodities. Ethiopia needed a change from the traditional means of trading to better support the needs of all those involved in the trading and production.

Before ECX was established agricultural markets in Ethiopia had been characterized by high costs and high risks of transacting, forcing much of Ethiopia into global isolation. With only one third of output reaching the market, commodity buyers and sellers tended to trade only with those they knew, to avoid the risk of being cheated or default. Trade is done on the basis of visual inspection because there was no assurance of product quality or quantity, this drove up market costs, leading to high consumer prices. For their part, small-scale farmers, who produce 95 percent of Ethiopia’s output, came to market with little information and are at the mercy of merchants in the nearest and only market they know, unable to negotiate better prices or reduce their market risk.

ECX is developing a new method of exchange and a safer one for all who trade on it.

A marketing system that coordinates better, that links faster, and that protects the interests of both sides of the trade. It is time for a marketing system that is transparent, efficient, and innovative, that will take Ethiopian agriculture into the new Millennium. Ethiopia, once a commercial trading hub in antiquity linking markets of East and West, can again claim a place in the global market arena.

The Ethiopia Commodity Exchange, (ECX), is a marketplace, where buyers and sellers come together to trade, assured of quality, delivery and payment. The vision of ECX is to transform the Ethiopian economy by becoming a global commodity market of choice. ECX’s mission is to connect all buyers and sellers in an efficient, reliable, and transparent market by harnessing innovation and technology, and based on continuous learning, fairness, and commitment to excellence. 

Mission and Vision

Our Vision: Is to transform the Ethiopian economy by becoming global commodity market by choice.

Our Mission: Is to connect all buyers and sellers in an efficient, reliable, and transparent market by harnessing innovation and technology and based on continuous learning, fairness, and commitment to excellence.

ECX Edges

The ECX design is unique in that it integrates the entire "eco-system" related to the market, spanning the central trading system, warehouse delivery centers, product grade certification, clearing banks, an arbitration tribunal, a market information system linking rural sites, remote electronic trading centers, and a secure data center to manage membership and market information. An over-arching legal framework and a government regulatory agency ensure the viability of this entire integrated environment. This integration enables a country such as Ethiopia, where none of the individual components may exist as stand-alone institutions, to mutually support and reinforce the ECX market objectives.

How ECX Works

The first of its kind in Ethiopia, ECX is a national multi-commodity exchange that provides low-cost, secure marketplace services to benefit all agricultural market stakeholders and invites industry professionals to seek membership enabling them to participate in trading.
ECX promotes and enables the following market services:

Market integrity, by guaranteeing the product grade and quantity and Operating a system of daily clearing and settling of contracts.
Market efficiency by operating a trading system where buyers and sellers can coordinate in a seamless way on the basis of standardized contracts.
Market transparency by disseminating market information in real time to all market players.
Risk management by offering contracts for future delivery, providing sellers and buyers a way to hedge against price risk.

Wondimagegnehu Negera
Chief Executive Officer
Wondimagegnehu Negera joined ECX in 2017 and is currently Chief Executive Officer of ECX. Major prior experiences include working for more than fourteen years in different institutions including the Oromia Regional State, Cooperative Bank of Oromia and the Commercial Bank of Ethiopia in the capacities of Cabinet Member and Head of Trade and Market Development Bureau, President and Vice President; respectively. Ato Wondimagegnehu did obtain his MA degree in Business Leadership and Social Science and B.A degree in Accounting.
Abenet Bekele
Chief Planning and Corporate Communication Officer

Responsible for Strategy Planning, Member Development, Product Development and Member Client Relations. Has more than 14 years of prior experience in Hospitality Financial Management, Commodity Trading Management and Strategic Planning, MCOM in International Business Operations from Indra Gandhi National Open University, and B.A in Marketing Management from Addis Ababa University.

Corporate Entity

ECX is established as a demutualized corporate entity with clear separation of Ownership, Membership, and Management. Thus, owners cannot have trading stake, members cannot have ownership stake, and the management can be neither drawn from the owners nor from the members.
ECX is designed as a public-private partnership enterprise, in a unique institutional innovation for Ethiopia. At its inception, ECX is promoted by the Government of Ethiopia. At the same time, ECX offers the sale of Membership seats, which are privately owned, permanently and freely transferable rights to the stream of earnings from trading on the Exchange.
As Owner, the Government of Ethiopia underwrites all performance risk of the Exchange related to the Exchange operated or appointed warehousing and grading of product, trading system, market information dissemination, and clearing and settlement. Members, for their part, are liable for contract performance on their own trades as well as of their Associates and Authorized Representatives.
The corporate governance of ECX maintains a healthy balance of owner and member interests. Thus, the Management Board is composed of Owner representatives and 5 Member representatives.


ECX’s establishment is founded on Proclamation No. 550/2007. This proclamation mandates ECX to develop its own rules for the governance of its various operations. Further, the Ethiopia Commodity Exchange Authority (ECEA) a regulatory body of the ECX was established by Proclamation 551/2007.
The Rules of the Exchange developed by ECX provide the blueprint for all rules governing membership, management, trading, warehousing, clearing and settlement, and other operations of ECX, in addition to the conduct of its members. ECX maintains a careful approach to monitoring and tracking the adequacy and performance of its members, as well as their behavior vis-à-vis their clients in the market. In line with global best practices, ECX experts regularly conduct surveillance on market trends as well as conducting audit and investigations on market operations to protect the market from manipulation, excessive speculation, fraud, or other malpractice.

The Ethiopian Commodity Exchange Authority has the powers and duties to extend recognition and oversight of Exchange Actors (Members and their representatives), recognition and oversight of Clearing Institutions (domestic banks or other financial institutions engaged in clearing and settlement of payments), oversight of the Rules of the Exchange and regulation of Exchange-traded contracts, as well as regulation of the conduct of investment advisors, consulting companies, law practices, accounting and audit professionals, as this conduct relates to ECX business. In addition, the ECEA has the power to investigate wrongdoing and adjudicate cases falling under its jurisdiction or to refer criminal cases to the appropriate court. As part of its oversight, the Authority issues Directives regarding the various key areas.
  1. Proclamation to Establish the Ethiopian Commodity Exchange Authority No.551/2007
  2. Proclamation to Establish the Ethiopia Commodity Exchange No:550/2007
  3. Rules of the Exchange
  4. Rules Amendment No 6 2012 Eng v approved by the Authority on April 26 2012
  5. Rules Amendment No 7 2013 Eng v approved by the Authority on February 08 2013
H.E. Ato Sani Redi | Board Chairman
H.E Ato Tesfaye Mengiste | Board Memeber
H.E. Ato Getachew Negash | Board Member
H.E. Ato Zekarias Erkola | Board Member
H.E. Ato Mulugeta Alemayehu | Board Member
H.E. Ato Kassahun Hailemariam | Board Member
H.E. Ato Hussien Agraw | Board Member
H.E. Ato Zerihun Kamiso | Board Member
H.E. Ato Kassahun Bekele | Board Member
Ato Abdela Bagersh | Board Member