[kictanet] Commodity Exchange System - Revisited again

Wed Feb 20 17:12:20 EAT 2013

Isn't this what we have been saying for a while? That we need to make it easier to do business in Kenya. Period. The rest will sort itself out… ?   

On Wednesday, February 20, 2013 at 3:10 PM, Ali Hussein wrote:

> Robert
>  
> Guess that horse did bolt..You know sometimes we are victims of our own trumpet blowing and thinking that we are the cream of the African Tech Space..May be we are but the fact is that we are not competing in the African space we are competing in the global space.
>  
> A few days ago Dr.Ndemo alluded to the fact that we need to move beyond rhetoric on the list and actually do something about what is discussed here. Otherwise we will be confined to the dark spaces where critics reside without showing anything for it but rims and reels (bytes) of content about what others have done and have not done...
>  
> A little bird told me that the investors of the East Africa Commodity Exchange did try to set up in Kenya but they found Rwanda more attractive. It is possible that the system is probably already built. It is also possible that the system isn't done. May be Paul can be in a better position to tell us.
>  
> Robert, I found your email thread below very prophetic..Interesting how the power of retrospection can open up our eyes...What I also find interesting is that the founders of this exchange chose to set up in Rwanda but chose a Kenyan as its first CEO..
>  
> Learnings...Cup half full? instead of half empty?
>  
> My two cents
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>  
> Ali Hussein
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>  
> CEO, 3mice interactive media ltd
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>  
> Partner, Telemedia Africa Ltd
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>   
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> Twitter: @AliHKassim
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> Skype: abu-jomo
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> LinkedIn: http://ke.linkedin.com/in/alihkassim
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> Blog: www.alyhussein.com (http://www.alyhussein.com)  
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>  
> On Wed, Feb 20, 2013 at 12:52 PM, robert yawe <robertyawe at yahoo.co.uk (mailto:robertyawe at yahoo.co.uk)> wrote:
> > Guess where Kokubo's next posting will be?
> >  
> >   
> > Robert Yawe
> > KAY System Technologies Ltd
> > Phoenix House, 6th Floor
> > P O Box 55806 Nairobi, 00200
> > Kenya
> >  
> > Tel: +254722511225, +254202010696
> > From: robert yawe <robertyawe at yahoo.co.uk (mailto:robertyawe at yahoo.co.uk)>
> > To: robertyawe at yahoo.co.uk (mailto:robertyawe at yahoo.co.uk)  
> > Cc: KICTAnet ICT Policy Discussions <kictanet at lists.kictanet.or.ke (mailto:kictanet at lists.kictanet.or.ke)>  
> > Sent: Thursday, 9 June 2011, 10:06
> > Subject: [kictanet] Commodity Exchange System - Revisited
> >  
> >  
> > Hi Listers,  
> >  
> > About 9 month ago (human gestation period) I mentioned the need for developers to start looking into the development of a futures exchange system and as always is with the village madman I was dismissed.
> >  
> > On Wednesday 8th June 2011 the Capital Markets Authority advertised for a futures exchange system, rfp is open to both international and local vendors.  
> >  
> > Regards
> >  
> > 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://www.ratin.net/mainfeature.asp?id=40
> > http://www.monitor.co.ug/Business/Smart%20Money/-/688614/899436/-/bypmdxz/-/index.html
> > 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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--  
Regards,

Phares Kariuki

| T: +254 720 406 093 | E: pkariuki at gmail.com | Twitter: kaboro | Skype: kariukiphares | B: http://www.kaboro.com/ |

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