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WHAT MODEL IS KENYA SETTING UP

ECX-UNDP KNOWLEDGE FORUM PROGRESS REPORT ON ESTABLISHMENT OF THE COMMODITY EXCHANGE IN KENYA 24 February, 2010. WHAT MODEL IS KENYA SETTING UP. System with in-built integrity, Instant access for Sellers and buyers to the regional and later a global market,

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WHAT MODEL IS KENYA SETTING UP

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  1. ECX-UNDP KNOWLEDGE FORUMPROGRESS REPORT ON ESTABLISHMENT OF THE COMMODITY EXCHANGE IN KENYA24 February, 2010

  2. WHAT MODEL IS KENYA SETTING UP • System with in-built integrity, • Instant access for Sellers and buyers to the regional and later a global market, • Efficient shared technology infrastructure so as to substantially reduce transaction costs for market participants and increase the operational / technical efficiency of the exchange, • The best expertise in all relevant dimensions, • Strategic/Commercial partnerships with leading players like farmers (producers) , grain dealers, banks, collateral managers, connectivity partners, • A Warehouse Receipt Depository System, • Market Surveillance and Information System, • Capacity-Building for all players, and • Specialized Support from partners (e.g. grassroots market linkages).

  3. PARTNERSHIPS Supporting Partners • Government • EAGC/USAID/COMPETE Strategic/Commercial Partners • Well Capitalized Bank(s) • Grain Dealers • Technology/Service Providers in related business • Private sector • Public Sector

  4. ORGANIZATION SET UP • Advisory Board • Interim Board • Management

  5. ROLE OF PARTNER ORGANIZATIONS • Representation on the Advisory Board • Representation on the Board of Directors • Active participation in product, governance and other committees of the exchange • Boost confidence through injection of resources such as finance and technology solutions • Support capacity-building and market linkage capabilities: farmers, traders, brokers, banks

  6. ROLE OF NCPB • Coordinate relevant approvals, licenses and forms of collaboration with government • Developing the framework for consultation with stakeholders • Coordinate articulation of stakeholder requirements • Provide warehousing network

  7. CHALLENGES • Building Confidence • Setting up Warehouses • Insurance Covers on the commodities • State of some facilities • Legal Framework • Mobilizing the players

  8. THANK YOU

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