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Zambia commodities exchange to restart trading this year

Posted on 07 August 2012

The Zambian Agricultural Commodities Exchange, which halted operations in July last year, plans to resume trading by the end of the year, executive director Brian Tembo said. The bourse, known as Zamace, hopes to sign a preliminary agreement this week with Zambia’s Lloyds Financials Ltd. for the lender to take a 10 percent stake in the agricultural exchange, Tembo said.
The Zambia National Farmers Union, which represents growers, may buy as much as 20 percent of Zamace, he said. Delays in regulatory changes caused Zamace to miss its previous target to resume trading by May, Tembo said………………………………………..Full Article: Source


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