Economic revolution under way?

From Global development | The Guardian Thu Dec 13 2012, 06:33:04

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:

Algeria:   Bouteflika Camp Claims Polls Win (news)
Radio France Internationale
18 April 2014

Supporters of Abdelaziz Bouteflika claim he has won a "crushing victory" in his bid to win a fourth term as Algeria's president. His main rival claims there has been "massive fraud". [read more]

Nigeria:   Abducted Schoolgirls Still Missing (news)
Daily Trust
18 April 2014

Military authorities last night admitted that none of the abducted Borno schoolgirls had been rescued, a day after claiming that troops had freed all but 8 of the 129 students. [read more]

Algérie:   Abdelaziz Bouteflika réélu pour un quatrième mandat (news)
Radio France Internationale
18 April 2014

Abdelaziz Bouteflika a été réélu à la présidence de l'Algérie dès le premier tour de l'élection présidentielle avec 81,53% des ... [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!