Coffee exchange to accept five CMA-licensed brokers
Nairobi, Jan. 24 -- The Nairobi Coffee Exchange (NCE) will admit five brokers the Capital Markets Authority (CMA) licensed last year, reversing an earlier stance in which it had resisted their admission to the auction.
The CMA licensed United Eastern Kenya Coffee Marketing Company, Meru County Coffee Marketing Agency Limited, Kipkelion Brokerage Company Limited, Mt Elgon Coffee Marketing Agency, Murang'a County Coffee Dealers Limited and Embu Coffee Farmers Marketing Agency Limited.
NCE chief executive Daniel Mbithi said they are working on modalities to admit the five brokers who had initially been denied access to the auction floor following clear instructions from the Ministry of Agriculture.
The move appears to end the supremacy ba...
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