Kenya’s Capital Markets Authority (CMA) has issued full licences to Kipkelion Brokerage Company Limited and Murang’a County Coffee Dealers Company.
The capital markets regulator has also extended provisional licences to United Eastern Kenya Coffee Marketing Company Limited and Mt. Elgon Coffee Marketing Agency Limited by six months to April 30, 2022.
In June, the CMA had granted conditional licences in June 2021 to the four companies Kipkelion Brokerage Company Limited, Murang’a County Coffee Dealers Company, Mt. Elgon Coffee Marketing Agency Limited and United Eastern Kenya Coffee Marketing Company Limited granted.
Meru Cooperative Union was granted a full license.
The Nairobi Coffee Exchange is mandated to manage the coffee central auction in the country.
The Authority is mandated to regulate the structured spot commodity markets in Kenya. The Coffee Exchange Regulations were gazetted by the Cabinet Secretary of the National Treasury and Planning on 3 April 2020. The Coffee Exchange Regulations together with the Crops Coffee General Regulations, 2019 envisage that the NCE and coffee brokers are to be licensed and supervised by the CMA.