Embu Coffee Farmers receive license to broker coffee in Kenya

Embu Coffee Farmers Marketing Agency will henceforth operate as a fully licensed Coffee broker in Kenya

This is after the Capital Markets Authority (CMA) granted a full operational license to the agency to broker the commodity at the Nairobi Coffee Exchange (NCE).

The license is to ensure transparency and enhance price discovery that will ultimately benefit farmers who will receive coffee sale proceeds efficiently.

 “The Authority continues to engage relevant stakeholders in the coffee sub-sector to ensure that the momentum of the reform agenda is sustained and gains traction towards full implementation of the Coffee Exchange Regulations. This is expected to ensure the marketing and trading mechanism at the Coffee Exchange promotes fair trade, is transparent and enhances price discovery, ultimately benefitting the coffee farmers,” said CMA boss Wyckliffe Shamiah.

It now brings to six the number of coffee marketers that have fully been licensed to trade under the new regulations at the NCE.

The other five include Kipkelion Brokerage Company Limited, Murang’a County Coffee Dealers Company, Mt. Elgon Coffee Marketing Agency Limited, Meru County Coffee Marketing Agency Ltd and United Eastern Kenya Coffee Marketing Company Limited.

CMA regulates the structured spot commodity markets in Kenya and in particular, the coffee commodity market according to Section 11(3) of the Capital Markets Act.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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