[kictanet] Commodity Exchange System

Thu Sep 23 09:35:41 EAT 2010

Hey all,

Both the NSE and a future commodity exchange are trading platforms, and I
think it's crucial, absolutely crucial, that they have flawless technology
behind them - look at it from the perspective of anyone who trades on them,
whether small retail investors (of which Kenya has hundreds of thousands) or
large brokers.

I actually don't care where such a system comes from, whether it's built
locally or abroad. But I don't think these are the right places to
experiment with new systems. It has to be tried and tested and reliable.

Have a lovely Thursday,
Andrea

On 23 September 2010 09:23, Edith Adera <eadera at idrc.or.ke> wrote:

>  In other African countries, even where such large projects are outsourced
> to foreigners, twinning is done with local IT firms as a requirement and
> subsequent roll-out to branch offices are done entirely by locals - I'm
> aware of a massive systems deployment within government in a neighboring
> country where such twinning is being done and the system roll-out will be
> done by locals. NCPB is a government agency, correct? If so, the government
> should look inward first!
>
> Dr Ndemo, any comment? You've always been an advocate of local innovation.
>
> Why do we have global award winners who can't be tried and tested locally?
> what policy should be in place to encourage local software innovation? The
> argument that local firms are free to competet alongside international firms
> at this stage of our development is a "tired" argument in my view. Some
> "affirmative action" policy may be necessary.
>
> Edith
>
>
> *________________                                    *
>
> *Edith Ofwona Adera *
>
> Senior Program Specialist
>
> ICT4D Program and Climate Change & Water Program
>
> International Development Research Centre | Centre de recherches pour le
> développement international
>
> Regional Office for Eastern and Southern Africa
>
> Tel: +254202713160 | Fax/Téléc: +254202711063 | Skype: edithadera
>
> eadera at idrc.or.ke | www.idrc.ca | www.crdi.ca
>
>   ------------------------------
> *From:* kictanet-bounces+eadera=idrc.or.ke at lists.kictanet.or.ke[kictanet-bounces+eadera=
> idrc.or.ke at lists.kictanet.or.ke] On Behalf Of Mwololo Tim [
> timwololo at gmail.com]
> *Sent:* 23 September 2010 08:26
> *To:* Edith Adera
>
> *Cc:* KICTAnet ICT Policy Discussions
> *Subject:* Re: [kictanet] Commodity Exchange System
>
>  Hi everyone,
> Let us instead push for a policy that is supportive of local software
> development. Giving up is not an option. Rgds. tm
>
>
> On Tue, Sep 21, 2010 at 2:22 PM, robert yawe <robertyawe at yahoo.co.uk>wrote:
>
>>   Hi,
>>
>>  The National Cereals and Produce Board together with the East African
>> Grain Council are working towards the creation of a commodity exchange to
>> trade futures.
>>
>>  This process is at an advanced stage which begun with a process called
>> warehouse receipting and currently Equity Bank offers credit against the
>> receipts.
>>
>>  What does this have to do with us in the IT field?  When the Nairobi
>> Stock Exchange tendered for the automated trading system (ATS) and more
>> recently for the Broker Back-office System no local IT company made it past
>> the 1st round.
>>
>>  The fact that companies like Virtual City are winning international
>> awards for systems development and others like PesaPal are receiving large
>> direct foreign investments means that we do have the skills to develop world
>> class solutions.
>>
>>  This is an appeal to all ICT experts in the country to prepare ourselves
>> to make sure that the grain exchange system is locally developed and we stop
>> being spectators in our own country.  I know it is said that a prophet is
>> never recognised in his own town, it is time we made this phrase redundant.
>>
>>  NCPB and others are already shopping overseas for a solution so be
>> warned that time is not in our hands and if we are to have an impact we need
>> to move quickly.
>>
>>  The proposed system is supposed to provide a trading platform,
>> depository system, GIS for land information, settlement system, warehouse
>> management, weather monitoring and seed planting information system
>> (acreage, seed type, fertiliser, etc).
>>
>>  Lets get off our high horses and put a together a world class solution
>> for a local problem.  No tears after the horse has bolted.
>>
>>  Useful links
>>
>>
>> http://dn.nationmedia.com/DN/DN/2010/09/03/ArticleHtmls/03_09_2010_030_014.shtml
>> http://allafrica.com/stories/200904271171.html
>>  <http://allafrica.com/stories/200904271171.html>
>> http://www.ratin.net/mainfeature.asp?id=40
>>  <http://www.ratin.net/mainfeature.asp?id=40>
>> http://www.monitor.co.ug/Business/Smart%20Money/-/688614/899436/-/bypmdxz/-/index.html
>> <http://www.monitor.co.ug/Business/Smart%20Money/-/688614/899436/-/bypmdxz/-/index.html>
>> http://www.unctad.info/upload/SUC/LusakaWorkshop/WarehouseServicesKenya.pdf
>> <http://www.unctad.info/upload/SUC/LusakaWorkshop/WarehouseServicesKenya.pdf>
>>
>> Robert Yawe
>> KAY System Technologies Ltd
>> Phoenix House, 6th Floor
>> P O Box 55806 Nairobi, 00200
>> Kenya
>>
>> Tel: +254722511225, +254202010696
>>
>>
>>
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>>
>
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-- 
Andrea Bohnstedt
Publisher
+254 720 960 322
www.ratio-magazine.com
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