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Showing posts from March 16, 2014

Ethiopia Commodity Exchange CEO, Anteneh Assefa resigns

Confusion surrounds puzzling resignation, flight of ECX boss By Groum Abate Capital Ethiopia (printed on March 16, 2014) March 16, 2014 Anteneh Assefa, CEO of Ethiopian Commodity Exchange (ECX) has reportedly resigned and left the country, after serving ECX for only 20 months Sources told Capital   that Anteneh, who led ECX since August 2012, after submitting his resignation to the board of directors, went to the United States with his family for unknown reasons. Anteneh was hand-picked to run the first African commodity exchange market by the founder and CEO Eleni Gabre-Medhin (PhD). Shimelis Habtewold, Chief Compliance Officer is now acting CEO. Capital unsuccessfully attempted to interview him regarding the sudden transition. “I don’t have anything to say on this matter” Shimelis said. Shimelis was a prosecutor for over 17 years, drafting legal documents and enforcing compliance matters in Ethiopia. Anteneh has been responsible for the over...