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East Africa Exchange to lend grain farmers $70m

Published on November 20, 2015

The East Africa Exchange (EAX), a regional commodities exchange warehouse receipt system, is expected to advance over $70 million in credit to smallholder grain farmers who have been starved of funding.

The EAX is a subsidiary of Africa Exchange Holdings, Ltd (AFEX), which comprises Heirs Holdings, Berggruen Holdings, 50 Ventures, and Ngali Holdings, a local investment company in Rwanda. It links farmers in East Africa to markets and financing sources. Read more. Source | The East African