Six marketers barred from coffee auction get admission
The six licensed marketers that were stopped from trading at the Nairobi Coffee Exchange (NCE) will start trading at the auction end of this month.
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The six licensed marketers that were stopped from trading at the Nairobi Coffee Exchange (NCE) will start trading at the auction end of this month.
The Nairobi Coffee Exchange (NCE) will admit five brokers the Capital Markets Authority (CMA) licensed last year.
The CMA and Agriculture Cabinet Secretary Peter Munya have been in a supremacy battle since 2020.
The CMA had extended the use of the old coffee regulations to June 30 in the absence of DSS in place.
CMA has granted a full licence to one more coffee broker, bringing the number of those permitted to trade at the auction to five.