The Kenyan government is seeking experts to advise in the process of setting up a national commodities exchange, an entity that will be private sector-led.
The selected consultancy will work closely with a National Commodity Exchange Task-force to a policy, regulatory and legal framework for the Kenya Commodities Exchange.
A commodities exchange is expected to immediately impact on the livelihoods of "millions of
"It is thus envisaged that the KCX will be developed in regular close consultation with the national task-force," the Ministry of
The disclosure comes just as the East Africa Exchange was unveiled at the Sixth Northern Corridor Integration Projects Summit in
EAX is owned by the
"... the EAX is a commodity exchange that aims to increase regional market efficiency and give the growing population, particularly small-holder farmers, better access to commercial markets," the EAX said in statement.
The Kenyan exchange when set up is expected to improve the competitiveness of local commodity exports and stimulate value addition and processing to mitigate post-harvest losses of agricultural produce.
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