The Embu Coffee Farmers Marketing Agency has received a license from the Capital Markets Authority (CMA) to operate as a coffee broker at the Nairobi Coffee Exchange (NCE).

The company was licensed under the Capital Markets (Commodities Markets) Regulations 2020 and Capital Markets (Coffee Exchange), Regulations 2020. The Capital Markets (Commodities Markets) Regulations 2020 facilitate the licensing of commodity exchanges, commodity brokers and approval of clearing houses. The regulations also provide for the governance, trading and conduct of business of commodity exchanges and commodity brokers, including the disclosure, compliance and reporting requirements. The Capital Markets (Coffee Exchange) Regulations 2020 provide for incorporation of the coffee exchange and licensing of brokers. The Coffee Exchange Regulations were harmonized with the Capital Markets (Commodity Markets) Regulations 2020.

“The Authority continues to engage relevant stakeholders in the coffee sub-sector to ensure that the momentum of the reform agenda is sustained and gains traction towards full implementation of the Coffee Exchange Regulations. This is expected to ensure the marketing and trading mechanism at the Coffee Exchange promotes fair trade, is transparent and enhances price discovery, ultimately benefitting the coffee farmers,” noted CMA Chief Executive Wyckliffe Shamiah.

The The Embu Coffee Farmers Marketing Agency is the fifth coffee broker to be licensed by the CMA after Kipkelion Brokerage Company Limited, Murang’a County Coffee Dealers Company, Mt. Elgon Coffee Marketing Agency Limited and United Eastern Kenya Coffee Marketing Company Limited.