The East Africa Commodities Exchange is in talks with the Rwanda government to purchase strategic grain reserves using the exchange’s electronic platform.
The deal is expected to boost liquidity in the market that is depressed due to low grain production in the region.
“We look to the government to use the exchange as it is a more transparent model for procurement,” said Joshua Rugema, the country director at the East Africa Exchange (EAX) Rwanda, after meeting government officials. Read more. Source | East African