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Dr. Eleni Gabre-Madhin outgoing CEO of the Ethiopian Commodity Exchange (ECX) won the Yara Prize 2012.

Tigrai Online, Oct. 04, 2012

Dr. Eleni Gabre-Madhin
Dr. Eleni Gabre-Madhin, outgoing CEO of the Ethiopian Commodity Exchange (ECX) has been awarded The Yara Prize 2012.

Dr. Eleni Gabre-Madhin is the founder and outgoing CEO of the Ethiopia Commodity Exchange (ECX). She is being awarded the prize for showing visionary and remarkable leadership in managing the transformation process toward an efficiently functioning market, especially for smallholder coffee producers in Ethiopia.

The ECX has had a far-reaching impact in Ethiopia in several areas of agriculture and in the lives of small farmers since its inauguration in 2008. Under her leadership, ECX’s growth has seen a strong increase in volumes every year, from trading 138,000 tons in the starting year 2008/2009 to 601,000 tons in 2011/2012. The value of ECX trades reached USD 1.2 billion in 2011/2012, representing up to USD 20 million per day.

With a transparent and efficient market, the share of the final export price for coffee has risen from 38 percent to 65 percent, having a positive impact for 15 million coffee farmers in Ethiopia. At present, 12 percent of ECX membership is made up of farmer cooperatives, representing 2.4 million smallholder farmers.

Dr. Gabre-Madhin was among The Africa Report’s “50 Women Shaping Africa” 2011, was named Ethiopian Person of the Year 2010 and was nominated for Outstanding Businesswoman of the Year 2010 by African Business. She received the African Banker Icon Award for 2012.

Source: Yara.com http://www.yara.com/media/news_archive/yara_prize_laureates_2012.aspx

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