The Capital Markets Authority (CMA) has once again directed coffee marketers to apply for fresh licences ahead of the July 1 deadline, setting the stage for another fight with the Ministry of Agriculture that has dismissed this timeline.
The CMA, which is now mandated to regulate the Nairobi Coffee Exchange following the amendment of the Capital Markets (Coffee Exchange) Regulations, 2020 to extend its mandate to spot commodities, said the law has not been changed to enable another agency to supervise the sector.
