Ethiopian Agricultural Commodities Warehousing Service Enterprise Establishment Council of Ministers Regulation No.331/2014

2. Establishment I. 013**ri 1/ The Ethiopian Agricultural Commodities 6/ 1;71.i•f••f i'14105 va0,3n1 Warehousing Service Enterprise (hereinafter K•Cki. /htLu 111,11 "KsCY-P" the "Enterprise") is hereby established as a NP-MA 1)°7.m1,-./ ?A094• public enterprise. K•Ci. WS' nut, £141 -f*to/A::' ,r14- sr, 4•1' :MLAT 7../.+. ITO Unit Price 5,10 I Negarit G. P.O.Box 80001 r %.71.0t96 4KG.A yap ,9tLni 41TC NE TC VC% 5.9* Federal Negarit Gazette No. 21 14th January, 2015 ..page 7955 g/ K'CY-P naolitt-+ sievni+ x-ck-r-T 2/ The Enterprise shall be governed by the Public hcrY. cwrc OOOOOO•O orDwz+ Enterprises Proclamation No.25/1992. E. tiPalalL (111/"AfT 3/ Supervising Authority vati„Avr hhA vx-cg-p A body to be designated by the government shall '1411a1G (1A/A'Aall be the supervising authority of the Enterprise.

4. Responsibility of the Ethiopia Commodity S. A ti PC+ 700 (1111"Aal3 Exchange Authority The Ethiopia Commodity Exchange Authority vh+v-ky pc• 'my clete"Aall r711,e,-)• shall regulate the activities of the Enterprise to AuC5•P1 Acn/L,TYP nol**citif ensure the integrity of all transactions in hcrk 4:Pc OOOOO accordance with the powers provided under its anwzis 1'i4Pala14.A" establishment Proclamation No. 551/2007.

5. Head Office 135 tiotto6.? The Enterprise shall have its head office in Addis vg‘CY p - 170,"'6f h11(1 UN) Ababa and may have branch offices elsewhere as h111.117•h fl a93Y0)•9° P i 'C16 zi I may be necessary. tisza)- L. lir, 6. Purposes MCg--P (PI 101.4. fA k $' 9"0• 7flf °MM . The purpose of the Enterprise is to render warehousing services for agricultural commodities A°77.h 1LKsficn- 1"141Cc 9"Cf4 I' 0'0,9111 traded in Ethiopia Commodity Exchange and shall antlm4• kW') (1411,e f'°?.histt-). have in particular the following purposes: itl°799T 6/ tr1•1,--01.5E flU"P ?h7G-P 1/ to construct modern and technology based tlaoSte fl•khq(1°X. ftg74- PrCi• commodity warehouses in strategic locations of the country and manage same; `19h°9 013.2tITT tro71(14•5. cn/O-1-14KC g/ pc-FT, naoctnA .tzg ea-r-c anis° 2/ to receive, grade, weigh, and deposit incoming nan,9t0 pucl+ atihaffi• = ?6,4' commodities and deliver out-turn (niti°V R.LA'S ?IS 51°C-7•1 commodities; issue warehouse receipt and deliver commodity; put in place modern 911Lh41 ?Ilk 0-9° HaDVe I' 0"/ inventory management system and implement hAri-AKC same; -1-1(11,-ce c" 1 K'Zal 9°C i• 'my vmm•1•1 Raps 3/ to carryout quality certification of anwZi. flaML, Prc-r1-1 commodities as per the grades and standards xzg crinmAl ,w °MSc!), of the Ethiopia Commodity Exchange; 1%* VikfrA ,9n.at 4IpC Sli PC 4') f71% 5.4° Federal Negarit Gazette No. 21 14th January, 2015 .......page 7956 q/ Ilhdthi.C'r.h tfroccei +Aa14•S 4/ to set up modern, efficient, centralized and ?I-9hr) Pbfr 91-1°11 KGeVi //C9•7• automated warehouse receipt system and an11C.9:1•S 4'1111-h,SKC implement same; / 114-K1. vrci• 41111C 5/ to put in place standardized grade- specific Ng nrc4. KLA AR. ?4-anui4-1- commodity depositing system with proper PhrTi. 4-c7(14-fe quality control regime; W/ ()ova Nom11,9741i MITTC1 tianLg 6/ to put in place and utilize secured electronic aunTmobli AGTC4• a9t1ti1t114) communication system along with various AAA NS hi•Afg initiSmY working-stations that permits recording, a1(1$94 ,9C Pri•m11.1, monitoring, transmitting and reporting of data; Viana anticra)619, 4"CL)-1.1 rin11C,9i.S ripm+9- 1 f-t•Ghficr••'31. ,etIGhffa/S fleio,9t11 7/ to keep and maintain in a safe place complete 9°C-P ncnm3 = 115,e'i7. records at all times, including daily position records showing the quantity, kind and grade n,44 floonfi. PfNA-hl 11•10- 49.f eLe, of commodities received, delivered and the an Lgl turf natilY (or 211, fl-1/11 amount remaining in storage at the closes of 17DGX anyilS Kulivh 114-mf14' 10- each business day; in 1 n+ anT Actii.(leffa h7A1A-4 avralgAi 8/ to charge fees for its services; f"Plri• gal hfIcoAh-F. ii9.11A- 9/ to provide complaint handling mechanism for 1 °11.11-K714.114.S resolution of grievances related to quality 40737141i. ?4,6j- PiCi4 • NS grading and put in place risk management system; fhK,9 apheihf flaDt1C,9i• 4•1(1&-1 °li' 4, X. h,41 tIcnig'Lti S'ati2R- AA-4 10/ to engage in any other related activities 441(nM p-Yritql °ThSar):: necessary for the attainment of its purposes. trr*A 7. Capital Al -Ckrh -M3 tit •A 41C 6 aft.•) The authorized capital of the Enterprise shall be (?'M ittl.f•1 41C) eur) hil.0 •ta 41C Bin 1,000,000,000.00 (One Billion Bin) of which fffq (thni• 'I Pet 41C) Bin 250,000,000.00 (Two Hundred Fifty Million 11116 711141 Nc Birr) is paid up in cash and in kind. tri.ofY icK6•A 4"rC nk; PC +1 fii.% 'I.9° Federal Negarit Gazette No. 21 14th January, 2015 ..page 7957 x. puoi- 8. Liability K•Ck-P httorD• m+/14 wig, OM The Enterprise may not be liable beyond its total -t-mft hfi1f19°:: assets.

9. Duration Q. R'Cft tni-41 fLfli. ZII The Enterprise is established for an indefinite K. CY -P 11A-t- a Viti ,e4 f A:: duration. on41+5 1gog' AtrWitslAc 10. Transfer of Rights and Obligations 'I'FC (0):16/ ► Pr:IP 44.**aum• The rights and obligations of the Ethiopia ??1.-7.1).kf 9°C 7• 'MY hop ,9t11 ?I' 1 Ac7A-7. Commodity Exchange established under ,7C ?-PY,(11- an'fic1.5 "1 go Proclamation No. 550/2007 relating to warehouse Ck-P 'MALTA:: operations are hereby transferred to the Enterprise. Xfi in7i.9741' Pl.7L 11. Transitory Provisions (KU R1-11 h.l'on- As per this Regulation, the Ethiopian Commodity h7A,(1-7• ?ItiliTA Exchange shall give necessary assistance to the 9°C 1. 711Y hua111 h7A°111-1. ,3C 11+,1),(11- Enterprise relating to warehousing services until 7,qtxT tl•Gf YKC,9A:: the Enterprise operates to its full capacity. R111• °laS11+ Zit 12. Effective Date RA) .C3-0 'L964. .911/'] fi7"11° This Regulation shall enter into force on the date hcoalf1-7. 4e3 g9DC3 ?OS Pf' 5 A:: of publication in the Federal Negarit Gazette. h(10 '1'C Z 4") OA 'LP Done at Addis Ababa, this le day of January, 2015. PAA'',C,f19° KfulI HAILEMARIAM DESSALEGN Ph.-7-11.k.f. W' filgubleil.f.! GT-fitt.h PRIME MINISTER OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA art:0+C I 'UN Mr en1ptat.9 tck4-. I