On the 23rd of October 2009, a total of 12 students graduated from the Eastern African Fine Coffees Association (EAFCA) Centre of Excellence after completing a week long training course on the management of risk as trainers of trainers and 3 qualified as master trainers by the World Bank.
The students included coffee stakeholders from the EAFCA various member countries such as Rwanda, Burundi, Uganda, Kenya, Tanzania and Malawi.
The Price Risk Management for Coffee course will be run by EAFCA as part of training and capacity building programme for its members within the EAFCA Coffee Quality Institute
Prosper Merimee Bigirindavyi (Sogestal Kirundo – Muyinga) recieving his certificate from Leslie Omari (EAFCA Chairman), Roy Parizat (World Bank) & Susan McGee (COMPETE)
established this year. Price Risk Management for Coffee is the first course to be rolled out in the EAFCA Coffee Quality Institute (ECQI) based at the EAFCA secretariat Kampala, Uganda. The training has been supported by World bank-CRMG program and the COMPETE program under USAID.
The course aims at identifying risks within the supply chain and specific interventions for managing the risk. Participants will acquire the following skills to help them effectively manage risk in the coffee industry.
- Effectively monitor their risk positions throughout a season
- Understand the range of risk management strategies that can be utilized for controlling and mitigating risk on a dynamic basis
- Understand how price risk can be effectively managed in a coffee trading businesses
- Identify opportunities to assist coffee trading businesses in effectively managing price risk.
This course was designed by the Commodity Risk Management Group of the Agriculture and Rural Development of the World Bank. This course was developed using funding from the European Union’s All ACP Agricultural Commodities Programme.