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Rwanda beats Kenya to first commodities trade deal

Paul Kukubo, a Kenyan and former chief executive of ICT Board, is Rwanda-based EAX chief executive. Photo/FILE

Rwanda has beaten Kenya in the race to establish an East African commodities exchange with conclusion of the first regional trade auction.

Tuesday, the East Africa Exchange (EAX) concluded trade of 50 metric of tonnes of maize valued at Sh34,000 ($398) sold by a Ugandan to a Rwandese.

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Note: The results are not exact but very close to the actual.

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