Eleni Zaude Gabre-Madhin Quotes
Eleni Zaude Gabre-Madhin — Ethiopian Economist
Eleni Zaude Gabre-Madhin is an Ethiopian economist and a former Chief Executive Officer of the Ethiopia Commodity Exchange. She has had many years of experience working on agricultural markets – particularly in Sub-Saharan Africa – and has held senior positions in the World Bank, the International Food Policy Research Institute, and United Nations. She has a PhD in Applied Economics from Stanford University, and bachelor's and master's degrees in economics from Cornell University and Michigan State University respectively. Eleni was selected as "Ethiopian Person of the Year" for the 2002 ET calendar year by the Ethiopian newspaper Jimma Times... (wikipedia)
Like its agriculture, Africa's markets are highly under-capitalized and inefficient. We know from our work around the continent that transaction costs of reaching the market, and the risks of transacting in rural, agriculture markets, are extremely high. In fact, only one third of agricultural output produced in Africa even reaches the market.
