The planned futures market is a boon to the East African Commodity Exchange as it is likely to boost investments in the commodities sector and cushion the economy from the effects of price swings.
“Futures trading on the East Africa Commodity Exchange brings predictability of prices for commodities and volumes to be supplied,” said Francois Kanimba, Rwanda’s Minister of Trade and Industry, adding, “The seller and buyer commit to deliver the correct volumes at the agreed price, which encourages more investments.”
For the second year in a row, the Rwandan economy has suffered the effects of falling global commodity prices resulting in producers being paid less. Read more. Source | East African