Dr Eleni Gabre-madhin |
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. She told AllAfrica's Lauren Everitt how a formal market has revolutionized Ethiopia's economy and empowered smallholder farmers.