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 will come as a reprieve to thousands of farmers who have been exploited for a long time by cartels.
EAX Kenya Country Manager Constantine Kandie said the futures market will offer price transparency, organised marketplace and risk mitigation in Kenya’s grain sector. Read more. Source | Daily Nation