company which specializes in the development of exchange markets in Asia and Africa. The new company is funded with equity contribution from the International Finance Corporation and Morgan Stanley.The new company to be based in Nairobi was founded by Eleni and two other partners, Jawad Ali and Keith Thomas. Morgan Stanley contributed 5 million US dollars of the 7.5 million founding capital of the company and the IFC covered the rest. Another financier, ‘The 8 Mile Fund' may also invest in the new company soon according to sources. This is the time for Africa to benefit from its agricultural resources said Eleni. Commodity exchanges are the best way to maximize the benefits of a sector that has been significantly under exploited she noted.
The new company is expected to take the lead in establishing commodity markets on the continent and providing the needed technical support for the smooth operation of newly created markets. Eleni LLC will begin by taking on African markets but with the intention of spreading to Asian markets soon.
Source: The Reporter
