Newly licensed coffee brokers locked out of NCE on system glitch

A farmer picks coffee berries in Nyeri, central Kenya. FILE PHOTO | NMG

The five coffee traders the Capital Markets Authority (CMA) licensed will not take part in this week’s auction for lack of infrastructure support.

The brokers were licensed by the CMA last week to start trading directly at the Nairobi Coffee Exchange (NCE) without necessarily going through the marketers as has been the case previously.

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