East Africa Exchange
From Wikipedia, the free encyclopedia
 | |
| Type | Commodities exchange |
|---|---|
| Location | Kigali, Rwanda |
| Founded | July 2014 |
| Commodities | |
| Website | www |
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]
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]
Shareholding
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)