East Africa Exchange (EAX) is a commodity exchange
Category: Market Data
Nurturing the agro-commodities market
Rwanda. Sun 11 Dec 2016, 12:00 am
Agriculture is always cited as Africa’s ticket to growth and development, but in a world of smallholder farmers and large-scale weather events, risk can often outweigh profit. Africa Exchange Holdings Ltd (AFEX), founded in 2012, is working to diminish this risk and achieve food security not through aid, but increased market competitiveness. AFEX’s two exchanges, East Africa Exchange...
Commodities market: The idle silver bullet that could save farmers from price fluctuations
Kenya. Tue 26 Jul 2016, 12:00 am
When it is Kenya, the talk of agriculture being the backbone of economy is now a cliché but so is the sad tale of farmers who supply commodities in exchange for loss. Despite the season long hassle from preparing land to harvesting and drying grains, a typical Kenyan farmer faces the constant threat of running into losses when they eventually take their produce to the market. The governme...
Boost for farmers as plan for futures market takes shape
Kenya. Tue 5 Jul 2016, 12:00 am
Kenyan farmers are now set to earn more from their produce following plans by the Rwandan-based East African Exchange (EAX) to establish a futures market in the country. The market will be the second on the continent after the one in South Africa.
EAX will be submitting their paper work this week at the Capital Markets Authority (CMA) seeking permission to start a futures market, a move that w...