The East African Community has kicked-off negotiations for the creation of a common commodity exchange to boost growers’ earnings and availability of food. The bloc is in talks with an independent international consultancy, Nicolas Berggruen Institute (NBI), that comprises a group of former heads of state and global entrepreneurs to help create the facility. The planned commodity exchange would be implemented under a Public-Private Partnership (PPP) arrangement.
EAC Bloc in Talks Over Commodity Exchange Forum
on July 7, 2011