World Bank

World BankFrom the 9th to 12th May, EAFCA in partnership with the World Bank delivered the Coffee Price Risk Management Training to 23 participants in Rwanda at the Hotel Chez Lando.

On the ground, logistics were handled by the Rwanda Coffee Development Authority (OCIR CAFÉ). The trainings that have been carried throughout the EAFCA chapters receives its funding from the European Union’s All ACP Agricultural Commodities Programme (AAACP),

The All ACP Agricultural Commodities Programme (AAACP) is a development investment funded by the European Commission with the objective to improve incomes and livelihoods for producers from agricultural commodities and to reduce income vulnerability at both producer and macro levels.

The World Bank trainers were Mr. Edgar Kamara & Rebecca Morahan.

The training course is expected to boost the capacity of numerous coffee trading and export businesses as well as professionals in the allied coffee industry such as bankers, insurers and transporters by providing them with updated information and approaches to monitoring and managing price risk.

During the closing ceremony all trainees were presented with completion and appreciation letters. Mr. Alex Kanyankole the Director General of OCIR CAFÉ was the Guest of Honor, accompanied by Mr. Rebero John, Chairman of EAFCA Rwanda Chapter and Mrs. Uwera Robinah, Head of Marketing, OCIR CAFÉ.

Mr. Alex Kanyankole underscored the need for increasing this kind of training under OCIR CAFÉ capacity building program and thanked the World Bank, EU AACP and EAFCA for partnering with OCIR CAFE to success of this PRM training.

He underpinned the importance of PRM training which plays a significant role in coffee prices risk assessment, positioning, Breakeven calculation, Marking to market and different strategies to overcome the risks especially at this time of coffee prices being almost the double of what they were in 2010 and volatile .

He also applauded and thanked trainers, facilitator, for imparting skills and knowledge to participants. Pledged to continue with this kind of training for Rwanda coffee sector to be tailed in professional business sector and wished all participants success in their carrier.

EAFCA would like to thank trainers, OCIR CAFE and the participants that attended the training.