Pbs has run yesterday one hour story about Ethiopia's first commodity exchange market(well, actually it was more about the founder than about the market it self- I wish the reporter focused more about the market than about the founder, but a nice story for Pbs to go there and do that). It is very interesting to see the experiment- introducing a Chicago style commodity exchange market to rural Ethiopia. If the theory works, the increase in efficiency of the market should benefit the poor farmers. This should be a good step for Ethiopia in terms of monetizing the huge rural sector ann linking it to the main stream economy.
One also has to notice how the market in Eritrea and Ethiopia are diverting. One facilitates the move towards a modern market based economy and the other closes all the markets and replaces them with an old "Kebele" system....
Here is the Pbs story
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Several of Dr Eleni's business partners are of Eritrean descent. Her immediate assistant is a guy named Biniam who used to live in the States. Even Ethiopia has better opporntunities for Eritreans than Eritrea. I never thought that day would come...
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