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English: Dr Eleni Gabre-Madhin, CEO of the Ethiopia Commodity Exchange (ECX) , at the company's headquarters in Addis Ababa.
Date
Source Flickr: Keeping a quick turnover of stock
Author DFID - UK Department for International Development
Camera location9° 00′ 39.6″ N, 38° 44′ 49.2″ E Kartographer map based on OpenStreetMap.View this and other nearby images on: OpenStreetMapinfo

Original caption on Flickr: "Ethiopia is a country you can do business with"

Dr Eleni Gabre-Madhin, CEO of the Ethiopia Commodity Exchange (ECX) , at the company's headquarters in Addis Ababa. Dr Eleni is proud of the ECX's record – in the three years since it was established, it has enabled more than £1 billion worth of trades, without a single default. It has also protected farmers from being ripped off.

"Before the ECX, buyers might make a deal, but never pay," says Dr Gabre-Madhin. "Sellers might provide bags half filled with coffee, half filled with sand. Now everyone can trust the market, and they know exactly what they are getting. This is a big signal to the world: Ethiopia is a country you can do business with."

DFID supported two leading research institutes who were tasked with finding a solution to Ethiopia's inefficient food and commodity markets.

The UK aid funded research recommended setting up a commodity exchange and helped to design the warehousing, logistics and payment systems that the exchange uses today. The exchange helps to boost exports and secure a better deal for farmers and consumers.

More information: www.dfid.gov.uk/ecx

Photo: Pete Lewis/Department for International Development

Licensing

This image was originally posted to Flickr by DFID - UK Department for International Development at https://www.flickr.com/photos/14214150@N02/5984475018. It was reviewed on 17 January 2013 by FlickreviewR and was confirmed to be licensed under the terms of the cc-by-2.0.

17 January 2013

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17 January 2013

9°0'40"N, 38°44'49"E

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Date/TimeThumbnailDimensionsUserComment
current16:51, 17 January 2013Thumbnail for version as of 16:51, 17 January 20133,888 × 2,592 (1.64 MB)FlickreviewRReplacing image by its original image from Flickr
16:32, 17 January 2013Thumbnail for version as of 16:32, 17 January 20131,024 × 683 (304 KB)Janweh64User created page with UploadWizard

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