Addis Ababa - CIO magazine of the International Data Group (IDG) declared Wednesday that the Ethiopian Commodity Exchange (ECX) had been named CIO 100 winner for the 24th annual award programme.
The award programme honours obusiness companies throughout the world for demonstrating an oustanding performance in operational and strategic excellence in information technology.
ECX was selected through a three-step process to be recognized a winner of the CIO 100 award. The selection process involves companies applying online listing their efforts in the creative use of information technology and business programs. Then, a group of judges evaluates the companies according to their merits. And finally, based on the judges' recommendations CIO editors select the honourees.
Eleni Gebre-Medhin, ECX CEO expressed her pleasure in ECX's being selected as the first organization in Africa to win the prestigious award which, she said, would set the ECX apart as an organization dedicated to using IT innovatively in line with its own strategy. She said that such recognition would continue to set ECX to connect all buyers and sellers in an efficient, trustworthy and transparent market by exploiting creativity, technology and commitment to excellence.
Maryfran Johnson, Editor-in-Chief of CIO Magazine & Events said that this year's CIO 100 award draws well-deserved attention to business organizations that are not only innovative with IT but creating genuine business value as well.
Maryfran Johnson said that the award winners and their IT organizations were an inspiration to other companies.
Since its inception in 2008, ECX has been serving as a platform for its market and trades grains and pulses including coffee and sesame seeds, two of Ethiopia's most important export products. Since its operation ECX has processed more than 1.4 billion dollars in trade volume and its trade activities have never been affected by default or system downtime. The award ceremony for this year's CIO 100 is scheduled to be held from August 14 to 16 at the Broadmoor in Colorado Springs, Colorado.