Kenya’s intended agricultural output exchange is expected to launch in February of the following year, according to a release from the Trade and Investment Ministry.
According to the government, the Kenya National Multi Commodities Exchange (Komex) is set to launch on February 26, 2024, after simulated trading begins on January 29, 2024.
“The key objective of the Komex project is to provide regulated access to structured trading of multi-commodities, market information, domestic and international markets, trade finance, and trade support services for sector regulators and value chain actors (farmers/producers, aggregators, traders, consumers, and processors),” it said.
The commodities exchange will operate as an online marketplace with guarantees of payment, quality, and delivery for both buyers and sellers.
Source: Business Insider
