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The directive eliminates direct bank transfers between exporters and suppliers in an effort to strengthen transparency and protect foreign exchange earnings.
The Ministry of Trade and Regional Integration (MOTRI) of Ethiopia has issued guidelines introducing a major shift in Ethiopia’s oilseeds and pulses export system by requiring all exporter payments to be routed exclusively through the Ethiopian Commodity Exchange (ECX).
The directive eliminates direct bank transfers between exporters and suppliers in an effort to strengthen transparency and protect foreign exchange earnings.
Oilseeds and pulses generated more than USD 610 million last fiscal year, accounting for 7.35% of Ethiopia’s USD 8.3 billion export revenue. Officials say the previous system enabled tax evasion, non-payment disputes, smuggling, and quality deterioration along lengthy supply chains. Under the new arrangement, exporters must deposit funds into ECX-controlled pay-in accounts, with payments to suppliers processed within one working day upon verified joint request.
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According to Minister Kassahun Gofe, direct marketing, initially intended to reduce logistics costs, created structural gaps that weakened competitiveness and financially pressured suppliers. The ministry says the new framework will improve transaction records and pricing accuracy while safeguarding suppliers.