Eleni | Seeding Commodity Exchanges

From Timbuktu Chronicles Sat Jan 26 2013, 06:00:00

The FT reports on the launch of Eleni LLC - A commodity exchange building company founded by Eleni Gabre Madhin:

Eleni Gabre-Madhin, founder of the Ethiopia Commodity Exchange, has launched a new company to try to replicate elsewhere in Africa and Asia the experience of Ethiopia. The World Bank's International Finance Corporation, which invests in the private sector, and Morgan Stanley have put $5m into the venture...The company, called Eleni LLC, is based in Nairobi, Kenya. Ms Gabre-Madhin says that by the end of the decade, her company will have helped to build up to 10 exchanges in Africa. "In the past two years, I have hosted 18 delegations from African countries plus three from Asia. They were all very interested in the model of Ethiopia," she says.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Kenya:   Kenyatta Told to 'Walk the Talk' on Corruption (news)
The Star
27 March 2015

Senators yesterday praised President Uhuru Kenyatta's State of the Union address, describing its delivery as powerful, bold and historical. [read more]

Kenya:   High Alert as Al-Shabaab 'Sneak Into the Country' (news)
The Star
27 March 2015

Security agencies are on high alert following reports that a group of al Shabaab returnees have sneaked into Kenya from Somalia. [read more]

Kenya:   No Bail for Chinese Restaurant Manager (news)
The Star
27 March 2015

A manager at a Chinese restaurant accused of locking out Africans after 5pm was yesterday charged in a Nairobi court. [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!