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African Fine Coffees Conference to be Held in Ethiopia Walta Info
Monday, January 16, 2012
ECX auctions 92 membership seats ENA
Friday, December 16, 2011
From Food Security to Wealth Creation: Why African Agriculture Matters THE HUFFINGTON UK
Friday, December 02, 2011
Convening on Commodity Exchanges in Africa ECX
Monday, November 21, 2011
Africa Blossoms: A Continent On the Verge of an Agricultural Revolution TIME Magazine
Wednesday, November 16, 2011
Where Africa becomes the right destination to bail the world out of food shortage The Reporter
Wednesday, November 16, 2011
Experts See Commodity Exchanges Key to African Revolution VOA Voice of America
Tuesday, November 15, 2011
Ethiopia to Host African Commodity Exchange Conference NEW BUSINESS ETHIOPIA
Thursday, November 10, 2011
Ethiopian Commodities Exchange to offer 80 more full membership seats Capital
Wednesday, October 19, 2011
Volume of Ethiopian Commodities Exchanged Exceeds 500,278 Tonnes Merkatocom
Monday, October 10, 2011
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“I found ECX transparent, efficient, and reliable.”
“I found ECX transparent, efficient, and reliable.” Mohamed Amin Kemal Mohamed Amin is member of Ethiopian Commodity Exchange (ECX) and has accumulated experience in coffee trading. We are grateful for his cooperation. Gebeyachin – How long have you stayed in coffee trading? Mohamed – It has been 12 years since I started trading coffee. I used to work as coffee supplier under the former coffee board before I joined ECX. I was a limited intermediary member at the exchange before I became a full member after I won the bid for membership seat. Now I am an active participant of this modern exchange. Gebeyachin – How do you describe the previous coffee trading system before ECX? Mohamed – The previous system had many ups and downs. We were forced to transport our product from one warehouse to another to unload our coffee. It used to take us between 10 to 15 days to collect our money; we were worried of being swindled by bounce cheques. In general, it was full of mistrust, tedious, and skewed to the benefit of the few. Gebeyachin – Does not ECX has any of these problems? Mohamed – EXC has undone all these problems now. In the current system, you will deliver your coffee in the nearest ECX warehouse; receive a receipt; and then go to the trading floor in person or through your agent to bargain and sell your coffee. If you succeed to sell your coffee, the net amount shall be deposited in your account within a day. It is reliable as the system is based on technology. We were very troubled in the previous system to sell our coffee because coffee was sold based on its geographical origin. Sidama coffee specially used to take weeks to sell it. Now it all became history after the modern trading system placed by ECX since huge focus is given to quality. Gebeyachin – You have won the December 2010 membership seat bid of the exchange and became full member. How much was the cost and what exactly did you benefit by becoming a full member. Mohamed – I won the bid for 107,100 Birr for a single seat. Being a full member, I worked on maize, sesame, and other products aside from coffee. I hope I will benefit more from my membership. Gebeyachin – How do you describe your work relationship with your clients? Mohamed – I have built a good relationship based on trust, concern, and respect. I hope my clients would be delighted through my capable bargaining, communication, and trustworthiness. I think, this is the reason why the number of my clients is ever rising.