The Eastern Africa Grain Council (EAGC) has called for mechanisms to be put in place to facilitate the continued growth of regional grain trade in order to boost the economy of the East African Community (EAC) bloc.
“We call on our governments to continue partnering with the private sector in finding solutions to our challenges, and by enacting supportive policies that create an enabling environment for the private sector to thrive,” Judah arap Bett, the EAGC chairman, said at a meeting organised by East Africa Commodity Exchange (EAX) and the grain council in Nairobi Kenya recently.
The meeting was aimed at introducing the EAX to Kenyan grain dealers and other agricultural and financial sector stakeholders in the Kenyan market, the EAX chief executive officer Paul Kukubo, said. Kukubo said EAX would be managing 10 warehouses by end of the year.
East Africa Exchange (EAX) was launched in January 2013 and has been in operations in Kigali since March, 2013.