Establishment of Structured Trading Platform, with Warehouse network and quality certification system for Kenya to improve the Trade and Commerce in Agriculture.
March 2017- October 2020 Deputed by the Firm as Co Project Lead Description of project: As a co leader of the consultant’s team, I undertook-
Regulatory analysis and development:
Under this task, the consultants were required to focus on the development of key regulatory infrastructure for the structured market to smoothly function and assist the government in doing so. This task was assisted by a team of international and local lawyers where the team evaluated the country’s legal environment and suggested the changes required to support the Structured markets. Worked with the Regulators like the Capital Market Authority, the Agriculture Livestock and Fisheries Authority, rAs well as Ministries like the Industry Ministry, Finance Ministry and the Ministry of Agriculture. Also closely worked with the Auditor General and the standing committee of Parliament to draft suitable change in the laws and implement them. Also worked with these agencies to develop the regulations pertaining to the markets. Also drafted the rule book for the purpose of operational clarity and transparency.
Commodity exchange analysis and development:
Under this Task led the team of the consultants with the focuse on the development of the Operational systems, policies and procedures. The team worked towards setting up the market (exchange) facility and other components like warehousing and quality certification. Under this assignment the consultants had to deliver several tasks like designing and setting up the Market operations system, including the stakeholder engagement, Trading system, Developing Contract specifications, developing the national payment system for farmers, Procurement of IT software and Equipment etc. Also the consultants worked on Setting up the Clearing & Settlement services in partnership with local banks, developing and implementing Commodity certification, storage and inventory management systems, developing and implementing Warehouse receipts systems, developing the RFP and handling the bid for software as well as Equipment for information technology systems, and finally developing and implementing the Market Information systems.
Training, Capacity Building and Promotion:
The third task is to focus on the issues of Knowledge development, Capacity Building and Stakeholder training for the exchange setup. Under this Task, working closely with the ministry of Trade towards training and capacity building.