I gladly take this opportunity to welcome all our new members who joined EAGC in the year 2019.
EAGC has maintained focus in delivering its core mandate and made notable progress pursuant to its vision of being “the leading voice for the grain industry in Africa” through its four key functions; Structuring grain Trade Systems, provision of market information, trade policy and advocacy work as well as capacity building through the Grain Business Institute with the aim of delivering trade, more trade and better grain trade.
One of EAGC’s core mandates is the promotion of structured trade systems across the region for more trade and better trade where the Council has recorded positive growth in formal trade following the introduction of these initiatives. Through the Business to Business forums, EAGC facilitated 628 482 MT of grains trade deals worth USD 284,464,400. Additionally, through the EAGC supported structured trading systems farmers and members traded 423,153 MT of grains.
In the quest for advocating for favorable environment for grain trade, EAGC’s efforts in the push for a Warehouse Receipts System have seen the Bill assented into law in Kenya which will be instrumental in promoting structured grain trade particularly financial access to the farmers. The Council has also started off the implementation of the WRS in Rwanda in partnership with USAID.
Similarly, the Council’s efforts in the push for Hermetic Storage Technology Standards were successful as the Standards were gazetted into law in Kenya. EAGC being the pioneer institution in advocating for and implementing these standards in the world, has based the Kenya Standards in their formulation at the East Africa Community level and looking into developing the standards at IGAD level to facilitate trade between EAC and its neighboring countries.
Please click here for more updates on EAGC interventions throughout the year.
We wish you a Happy Reading!