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Summary
| Description |
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 location |  | View this and other nearby images on: OpenStreetMap |  |
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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
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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. |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 16:51, 17 January 2013 | | 3,888 × 2,592 (1.64 MB) | FlickreviewR | Replacing image by its original image from Flickr |
| 16:32, 17 January 2013 |  | 1,024 × 683 (304 KB) | Janweh64 | User created page with UploadWizard |
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