CMA licenses three coffee brokers for Nairobi Coffee Exchange trading

Capital Markets Authority CMA has issued full coffee brokerage licences to the Nandi Coffee Co-operative Union coffee brokers union, Meru South Coffee Marketing Company Limited and Minnesota Coffee Marketers Limited. This is after the three companies satisfy all requirements of capital market authority (coffee exchange ) regulations 2020.

This will allow them to trade at the auction, bringing the number of fully licensed coffee brokers to 16.

CMA also granted the New Kenya Planters Co-operative Union PLC (NKPCU) a six-month extension to continue operating as a conditionally licensed broker. The extension will lapse in February 2025.

Expanding the pool of licensed coffee brokers is anticipated to spur the uptake of new commodities products and services and grow market turnover.

The Capital Market Authority (CMA) is a statutory agency responsible for regulating and developing orderly, fair, and efficient capital markets in Kenya.

The licenses will remain in force unless otherwise suspended or revoked following the necessary due process.

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Kelvin Wairimu

Kelvin Wairimu is a Young Passionate Agripreneur, Manager and Chief Editor Of The Farmworx. He is an Experienced and Practicing Farmer, Agricultural Economist and a Consultant.He holds a Bacherors Degree in Agricultural Economics From University of Eldoret,CPA 3 And a Certificate in Advanced Computer Software.

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