News and developments on African capital markets: African securities, African stock exchanges, African equities, African bonds, African private equity/venture capital, and African social impact investment. Twitter @africancapital, LinkedIn African Securities Exchanges group.
The CEO of the Ethiopian Commodity Exchange (ECX), Ermias Eshetu, has tendered his resignation, according to a news report. He will stay until a successor is found.
The Ethiopian Commodity Exchange (ECX) has unveiled an online trading platform, eTRADE, that has capacity for nearly 5,000 times more transactions than its current “open outcry”.
Commodity exchange trading floors failed in in 5 countries, but at least 8 new commodity exchanges were started in sub-Saharan Africa over the past two decades with the aim of improving food security for local populations when the money could have been better spent.