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Tanzania: Commodities Exchange Ready for Rollout Next July

Posted on 10 May 2016

Tanzania Mercantile Exchange (TCX) is set to start operations in the next fiscal year after tackling some issues related to warehouse receipt. TCX is expected to start with cashew nut whose marketing season is between September and January.
The cash crop was chosen, thanks to its warehouse receipt system already in place. Capital Markets and Securities Authority (CMSA) Public Relations Manager Charles Shirima said in Dar es Salaam over the weekend that currently experts are doing gap analysis study to ascertain the challenges that affected the warehouse systems prior to a sensitisation campaign for the launch of exchange………………………………………..Full Article: Source


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