Eleni Gabre-Madhin Zaude

Eleni Gabre-Madhin Zaude is an Ethiopian economist and a former chief executive officer of the Ethiopia Commodity Exchange (ECX). She has had many years of experience working on Agricultural markets – bijzonder in Sub-Saharan Africa – and has held senior positions in the World Bank , the International Food Policy Research Institute (Washington), and United Nations (Geneva).

Early life

Eleni was born in Addis Ababa , Ethiopia. She Grew up in three différent African countries eg Kenya, Tanzania and South Africa. She speaks effluent Swahili, English, Amharic and French. She has a PhD in Applied Economics from Stanford University , master’s degrees from Michigan State University and bachelor’s in economics from Cornell University . [1] Eleni was selected as “Ethiopian Person of the Year” for the 2002 ET calendar year (2009/2010 Gregorian ) by the Ethiopian newspaper Jimma Times. [2]


She was the main driving force behind the development of the Ethiopia Commodity Exchange (ECX). Whilst working as a researcher for the International Food Policy Research Institute (IFPRI) she Examined Agricultural markets for many years and Noticed, as did many others, therein whilst in some years or regions there ulcers severe shortages or droughts in others there ulcers surpluses or bumper harvests. Specifically in her survey of grain traders in 2002, she found that a key factor was the Lack of effective infrastructure and services needed for grain markets to function Properly. Traders of or in failed to port access to Sufficient credit, information about the market, transportation and other vital resources and contract compliance was s difficult to enforce. In 2004 she moved home from the US to lead an IFPRI program to verbeteren Ethiopia’s Agricultural policies and markets. Specifically she under took the important role of Coordinating the advisory body ontwikkelingslanden the ECX. She became CEO of the new exchange in 2008, and argued that ‘(W) hen farmers kan sell hun crops on the open market and get a fair price, they’ will harbor much more incentive to be productieve, and Ethiopia will be much less prone to food crises “…. and therein the” ECX will allow directive farmers and traders to link to the global economy, propelling Ethiopian agriculture forward to a whole new level. ” [3]

In February 2013, she became a director of Syngenta . [4] [5]

In 2013, Eleni launched Eleni LLC, a company intended to build and invest in commodity exchanges in markets in the world ontwikkelingslanden, zoals Africa. [6] [7]


In 2010 (2002 ET calendar), Eleni was bepaald the “Ethiopian Person of the Year” honor for the 2002 Ethiopian year. [8]

In 2012, Eleni was Awarded the Yara Prize laurate from the Norwegian manufacturer of fertilizer Yara International for re outstanding contributions to sustainable food production and distribution with socio-economic impact. [9]Previous Recipients of the prize include former prime minister of Ethiopia Meles Zenawi

Winner of the African Banker Icon Award 2012. Invited to address world leaders at the G8 Summit Camp David 2012. Named onder New African magazines 2012: 100 Most Influential Africans. Listed in the 50 Women Shaping Africa 2011. Ethiopian Person of the Year 2009. [10]


  1. Jump up^ “Company Profile” . Ethiopia Commodity Exchange . Retrieved 17 January 2013 .
  2. Jump up^ Dr. Eleni Person of the year JT
  3. Jump up^ “Ethiopia’s Commodity Exchange Opens Doors zijn” . International Food Policy Research Institute . 13 April 2008 . Retrieved 17 January 2013 .
  4. Jump up^ Syngenta Board of Directors
  5. Jump up^ Staff, Syngenta PR. February 6, 2013Syngenta Board proposés to elect two new directors at AGM
  6. Jump up^ “Eleni LLC” . http://eleniexchanges.com . External link( help ) |website=
  7. Jump up^ Staff. Africa Report. 19 February 2013Eleni bets future beyond Ethiopian commodities exchange
  8. Jump up^ Ethiopian Person of the Year Dr. Eleni
  9. Jump up^ http://www.yara.com/doc/61032_Call_for_nominations_2013_v6.pdf
  10. Jump up^ “Who We Are” . http://eleniexchanges.com . Check date values in:( help ) |date=