Yara International ASA: African female leaders awarded the Yara Prize

Oslo (2012-09-05): The Yara Prize 2012 is being awarded to Dr. Agnes Kalibata, Minister of Agriculture and Animal Resources in Rwanda, and to Dr. Eleni Gabre- Madhin, outgoing CEO of the Ethiopian Commodity Exchange (ECX) in Ethiopia. The Yara Prize Committee has selected two prominent African female leaders for their work on groundbreaking areas for the African Green Revolution: effective public policies in support of agricultural growth and profound innovation in agricultural markets. Both leaders have demonstrated how transformative change can be achieved in a complex and challenging environment. They have applied innovative approaches, collaborating with partners in new ways. Their achievements are fit to inspire other countries to transform the productivity and sustainability of their agricultural sectors. "Yara creates impact by addressing global challenges. By awarding the Yara Prize, we salute the champions of sustainable agricultural development. I wish to extend my personal congratulations to the laureates," Jørgen Ole Haslestad, President and CEO of Yara and Chairman of the Yara Prize Committee, said. "The impressive transformational work the laureates are doing provides great inspiration, and this is exactly the kind of development we want to promote in the Grow Africa Initiative, co-chaired by Yara alongside NEPAD and the African Union." The two laureates will be celebrated at the State Banquet/Gala night on September 27 during the African Green Revolution Forum (AGRF) 2012 in Arusha, Tanzania. Reasoning behind Dr. Agnes Kalibata's award Dr. Agnes Kalibata is being awarded the prize for her great leadership in the transformation of food security and agricultural development in Rwanda in a relatively short period of time. She currently serves as the Minister of Agriculture and Animal Resources for the Republic of Rwanda. For six years, Minister Kalibata has been the architect of the remarkable transformation of Rwandan agriculture. Rwanda has moved from having a food deficit to being a country that is largely food self-sufficient. Over 1 million Rwandans have moved out of poverty between 2005 and 2011. Dr. Kalibata has been able to align national agricultural policies with the NEPAD/CAADP frameworks, i.e. the commitment to increase government budget share for agriculture to 10 percent, and Rwanda was the first country to adopt a Comprehensive Africa Agriculture Development Programme (CAADP) compact. Internationally, the country has in many ways become a success story that has inspired other African countries. By sustaining the gains in food security and the future of agriculture in Rwanda, Dr. Kalibata has been a driving force behind the Grow Africa Initiative, a partnership platform to accelerate investments for sustainable and inclusive growth in African agriculture. Reasoning behind Dr. Eleni Gabre-Madhin's award Dr. Eleni Gabre-Madhin is the founder and outgoing CEO of the Ethiopia Commodity Exchange (ECX). She is being awarded the prize for showing visionary and remarkable leadership in managing the transformation process toward an efficiently functioning market, especially for smallholder coffee producers in Ethiopia. The ECX has had a far-reaching impact in Ethiopia in several areas of agriculture and in the lives of small farmers since its inauguration in 2008. Under her leadership, ECX's growth has seen a strong increase in volumes every year, from trading 138,000 tons in the starting year 2008/2009 to 601,000 tons in 2011/2012. The value of ECX trades reached USD 1.2 billion in 2011/2012, representing up to USD 20 million per day. With a transparent and efficient market, the share of the final export price for coffee has risen from 38 percent to 65 percent, having a positive impact for 15 million coffee farmers in Ethiopia. At present, 12 percent of ECX membership is made up of farmer cooperatives, representing 2.4 million smallholder farmers. Dr. Gabre-Madhin was among The Africa Report's "50 Women Shaping Africa" 2011, was named Ethiopian Person of the Year 2010 and was nominated for Outstanding Businesswoman of the Year 2010 by African Business. She received the African Banker Icon Award for 2012. About the Yara Prize The Yara Prize for an African Green Revolution seeks to contribute to the transformation of African agriculture and food availability, within a sustainable context, thereby helping to reduce hunger and poverty. The Yara Prize is based on nominations of candidates who are carefully evaluated by the Yara Prize Committee. The Yara Prize consists of USD 60,000, which will be split between the laureates, a crystal trophy and a diploma. The Yara Prize was handed out in Oslo from 2005 to 2009. In 2012, it moved to Africa and will be handed out on September 27 at the State Banquet/Gala night as part of AGRF 2012 in Arusha, Tanzania. The Yara Prize will be handed out annually in Africa. Read more at: www.yaraprize.com To the editorial offices: Link to pictures of the two laureates: http://yaraurl.com/irj7 For more information, please contact: Bernhard Stormyr, Communication Manager, Yara International ASA Telephone: +47 9010 7685 E-mail: bernhard.stormyr@yara.com Yara delivers solutions for sustainable agriculture and the environment. Our fertilizers and crop nutrition programs help produce the food required for the growing world population. Our industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations. Founded in Norway in 1905, Yara has a worldwide presence with sales to 150 countries. Safety is always our top priority. www.yara.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Yara International ASA via Thomson Reuters ONE [HUG#1638585]