What is Kenya Agricultural Commodity Exchange Limited (KACE)?
The Kenya Agricultural Commodity Exchange Limited (KACE) is a private sector firm launched in Kenya in 1997 to facilitate competitive and efficient trade in agricultural commodities, provide reliable and timely marketing information and intelligence, provide a transparent and competitive market price discovery mechanism and harness and apply information and communication technologies (ICTs) for facilitating trade and information access and use, initially in Kenya but to scale out to the East African Community subsequently. KACE is a limited liability company with a Board of Directors which manages its operations in accordance with its established Rules and Regulations.
KACE's vision is to be a Commodity Exchange and a Source of marketing information and intelligence of the highest integrity, facilitating competitive and efficient trade in agricultural commodities in Kenyan, East African Community (EAC) regional and international markets.
To establish a Commodity Exchange and a Source of marketing information and intelligence in EAC of the highest integrity, available to domestic as well as EAC regional and international value chain actors based upon an open and free market system for the benefit of the value chain actors, and to facilitate the marketing of any commodity provided or desired by any consenting parties through the auspices of the exchange.
What are KACE’s Objectives?
The objectives of KACE are:
- To facilitate domestic, EAC regional and international trade in agricultural commodities and services;
- To provide farmers and other commodity value chain actors (e.g. input suppliers, traders, brokers, processors and consumers) with reliable and timely marketing information and intelligence, and other services that enhance their bargaining power and competitiveness in the market place;
- To provide a transparent and competitive price discovery mechanism through the operations of the exchange physical and virtual trading floors; and
- To harness and apply modern information and communication technologies (ICTs) to facilitate trade and information access and use.
KACE Headquarters Nairobi
Brick Court, Upper 2nd Floor,
Mpaka Road, Westlands,
P.O Box 59142 - 00200 Nairobi, Kenya.
Tel: +254 20 444 1829 / 30
Fax: +254 20 444 8486