This article by Dr Eleni Gabre-Madhin, CEO of the Ethiopian Commodities Exchange, gives a fascinating, self-critical and revealing account of the creation of the exchange and the sometimes breakneck pace at which the market grew. It’s very good, and well worth reading in full.
The new Commodities Exchange of Zimbabwe (COMEZ) opened on 14 January, but no date is set to start trading. The exchange would be managed by the State, banks and farmers’ unions, shares would be offered to private investors. It will end the monopoly of the State-owned Grain Marketing Board and support continuing agricultural recovery.