1. ECX-UNDP KNOWLEDGE FORUM PROGRESS REPORT ON ESTABLISHMENT OF THE COMMODITY EXCHANGE IN KENYA 24 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).

4. 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

5. ORGANIZATION SET UP
Advisory Board
Interim Board
Management

6. 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

7. 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

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

9. THANK YOU