Tuesday, July 12, 2011

The East African Community mulls regional commodity exchange

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The East African Community (EAC) is inching closer to starting a com­modity exchange market that could make the region a trade hub. When established the ex­change could also help in addressing price manipu­lation, experts say are com­mon in developing coun­tries. A statement from the EAC secretariat says the bloc has started negotia­tions with Nicolas Berg­gruen Institute to help in establishing the commod­ity market. These are ex­perts at starting commodity markets

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