Economic revolution under way?

From Global development | The Guardian Thu Dec 13 2012, 11:33:04

Eleni Gabre-Madhin on how a market has empowered Ethiopian farmers by focusing on distribution as well as production

While government leaders, NGOs and corporations devise strategies to churn out more food for future generations, Eleni Gabre-Madhin is taking a different approach. Concerned by a 2002 famine in her home country of Ethiopia that followed bumper crops in 2000 and 2001, the Stanford-educated economist decided it was time to go beyond food production and take a hard look at distribution.

The result? Africa's first commodity exchange. As the founder and outgoing CEO of the Ethiopia Commodity Exchange (ECX), Gabre-Madhin established a reliable interface for buyers and sellers to meet - an idea that has inspired other African countries to follow suit. Gabre-Madhin won the Yara award at the African Green Revolution Forum in Arusha, Tanzania, for her role in transforming Ethiopia's commodity market.

What prompted your decision to found Africa's first commodity exchange in Ethiopia? I had been doing research on grain markets and other agriculture markets in Africa for many years and, as it happened, I did my PhD on grain markets in Ethiopia. One of the things I kept seeing over and over, which I'd seen in other parts of Africa, was just how difficult it was for buyers to find sellers and sellers to find buyers, and how difficult it was to enforce the contract.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Ethiopia:   Deepening Drought Hits Herders As Millions Go Hungry (news)
Thomson Reuters Foundation
17 August 2017

Eastern and southern Africa were hit hard last year by drought exacerbated by El Niño that wilted crops, slowed economic growth and drove food prices higher Livestock are dying in parts of ... [read more]

Sudan:   Ethiopian Premier Meets VP (news)
Sudan News Agency
17 August 2017

The Prime Minister of Ethiopia, Hailemariam Desalegn met at his residence in Corinthia Hotel in Khartoum, Thursday, wih the Vice-President of the Republic, Hassabo Mohamed Abdul-Rahman and discussed ... [read more]

Sudan:   Sudanese and Ethiopian Ministers of Information Discuss Aspects of Joint Cooperation in Media (news)
Sudan News Agency
17 August 2017

Minister of Information, Dr Ahmed Bilal discussed with his Ethiopian counterpart, Negeri Lencho, cooperation in media between Sudan and Ethiopia. Dr Bilal pointed out that the meeting indicated to ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!