The organisers of the two day event, INTL FCStone, a US-based firm that deals in commodity market are upbeat that Kenya will join 28 other African countries that are also working towards establishing a structured commodity market. A commodity market trades in primary economic sectors such as agricultural products and minerals as opposed to manufactured products. Updated Tue, June 14th 2016 at 00:00 GMT +3Kenya’s huge agricultural base places it at a prime position to launch run a successful commodities exchange market, experts have said. According to Wabuyele, Kenya deserves a full-fledged commodities market, with clear rules, trading floor and clearing distinct from Nairobi Securities Exchange (NSE). Currently, Kenya only exhibits aspects of commodity market.

Source: Standard Digital June 13, 2016 21:11 UTC