East Africa Exchange
The East Africa Exchange (EAX), also, East African Commodity Exchange, is a privately funded regional, agricultural commodities exchange in East Africa. It was launched in Kigali, Rwanda, in July 2014.[1] EAX is the third-largest agricultural commodities exchange in Africa, behind the South African Futures Exchange and the Ethiopia Commodity Exchange.[2]
Location
The headquarters of EAX are located on the 12th Floor, at Kigali City Tower, Avenue du Commerce, in the city of Kigali, the capital of Rwanda.[3] The coordinates of the headquarters of EAX are:1°56'37.0"S, 30°03'34.0"E (Latitude:-1.943601; Longitude:30.059431).[4]
Overview
The primary objective of the exchange is to facilitate farmers and producers of agricultural produce with obtaining fair prices for their goods and merchandise and in accessing reasonable funding for their businesses. Starting with maize and beans, the exchange plans to expand into coffee, tea, and rice.[1][5] As of March 2016, EAX is operational in Rwanda and Kenya with plans to enter Uganda in 2016.[6]
The table below illustrates the shareholding in EAX:[1][5]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Heirs Holdings Plc. | |
| 2 | Berggruen Holdings S.A. | |
| 3 | 50 Ventures Inc. | |
| 4 | Ngali Holdings Limited | |
| Total | 100.00 |
- The shares of the first three shareholders are jointly held in an investment vehicle called Africa Exchange Holdings Limited (AFEX)
See also
References
- ^ a b c Esiara, Kabona (5 July 2014). "East African commodity exchange links farmers, markets". The EastAfrican. Nairobi. Retrieved 28 March 2016.
- ^ Bariyo, Nicholas (3 October 2014). "Rwanda's East Africa Exchange to Expand Commodities Trade". The Wall Street Journal. New York City. Retrieved 28 March 2016.
- ^ EAX (28 March 2016). "East Africa Exchange: Contact Us". Kigali: East Africa Exchange (EAX). Archived from the original on 24 March 2016. Retrieved 28 March 2016.
- ^ Google (28 March 2016). "Location of the Headquarters of East Africa Exchange" (Map). Google Maps. Google. Retrieved 28 March 2016.
- ^ a b EAX (28 March 2016). "East Africa Exchange: About Us". Kigali: East Africa Exchange (EAX). Archived from the original on 24 March 2016. Retrieved 28 March 2016.
- ^ Esiara, Kabona (26 March 2016). "Delay in setting up new commodity exchange in Uganda due to elections". The EastAfrican. Nairobi. Retrieved 28 March 2016.