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21' Year No.21 ADDIS ABABA I4th Junuary , 2015
CONTENTS
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Regulation No. 331/2014
Ethiopian Agricultural Commodities Warehousing Service Enterprise Establishment Council of Ministers Regulation Page 7954
COUNCIL OF MINISTERS REGULATION No. 331/2014
COUNCIL OF MINISTERS REGULATION TO
PROVIDE FOR THE ESTABLISHMENT OF THE
ETHIOPIAN AGRICULTURAL COMMODITIES
WAREHOUSING SERVICE ENTERPRISE
This Regulation is issued by the Council of
Ministers pursuant to Article 5 of the Definition of
Powers and Duties of the Executive Organs of the
Federal Democratic Republic of Ethiopia Proclamation
No. 691/2010 and Article 47(1)(a) of the Public
Enterprises Proclamation No.25/1992.
1. Short Title
This Regulation may be cited as the "Ethiopian
Agricultural Commodities Warehousing Service
Enterprise Establishment Council of Ministers
Regulation No.331/2014."
2. Establishment
1/ The Ethiopian Agricultural Commodities
Warehousing Service Enterprise (hereinafter
the "Enterprise") is hereby established as a
public enterprise.
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2/ The Enterprise shall be governed by the Public
Enterprises Proclamation No.25/1992.
3/ Supervising Authority
A body to be designated by the government shall
be the supervising authority of the Enterprise.
4. Responsibility of the Ethiopia Commodity
Exchange Authority
The Ethiopia Commodity Exchange Authority
shall regulate the activities of the Enterprise to
ensure the integrity of all transactions in
accordance with the powers provided under its
establishment Proclamation No. 551/2007.
5. Head Office
The Enterprise shall have its head office in Addis
Ababa and may have branch offices elsewhere as
may be necessary.
6. Purposes
The purpose of the Enterprise is to render
warehousing services for agricultural commodities
traded in Ethiopia Commodity Exchange and shall
have in particular the following purposes:
1/ to construct modern and technology based
commodity warehouses in strategic locations
of the country and manage same;
2/ to receive, grade, weigh, and deposit incoming
commodities and deliver out-turn
commodities; issue warehouse receipt and
deliver commodity; put in place modern
inventory management system and implement
same;
3/ to carryout quality certification of
commodities as per the grades and standards
of the Ethiopia Commodity Exchange;
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4/ to set up modern, efficient, centralized and
automated warehouse receipt system and
implement same;
5/ to put in place standardized grade- specific
commodity depositing system with proper
quality control regime;
6/ to put in place and utilize secured electronic
communication system along with various
working-stations that permits recording,
monitoring, transmitting and reporting of data;
7/ to keep and maintain in a safe place complete
records at all times, including daily position
records showing the quantity, kind and grade
of commodities received, delivered and the
amount remaining in storage at the closes of
each business day;
8/ to charge fees for its services;
9/ to provide complaint handling mechanism for
resolution of grievances related to quality
grading and put in place risk management
system;
10/ to engage in any other related activities
necessary for the attainment of its purposes.
7. Capital
The authorized capital of the Enterprise shall be
Bin 1,000,000,000.00 (One Billion Bin) of which
Bin 250,000,000.00 (Two Hundred Fifty Million
Birr) is paid up in cash and in kind.
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8. Liability
The Enterprise may not be liable beyond its total
assets.
9. Duration
The Enterprise is established for an indefinite
duration.
10. Transfer of Rights and Obligations
The rights and obligations of the Ethiopia
Commodity Exchange established under
Proclamation No. 550/2007 relating to warehouse
operations are hereby transferred to the Enterprise.
11. Transitory Provisions
As per this Regulation, the Ethiopian Commodity
Exchange shall give necessary assistance to the
Enterprise relating to warehousing services until
the Enterprise operates to its full capacity.
12. Effective Date
This Regulation shall enter into force on the date
of publication in the Federal Negarit Gazette.
Done at Addis Ababa, this le day of January, 2015.
HAILEMARIAM DESSALEGN
PRIME MINISTER OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
I 'UN Mr en1ptat.9 tck4-. I
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