Nairobi Coffee Exchange

Thanks To KOSMOS, Nairobi Coffee Exchange Can Sell Coffee Again

Due to the corona crisis, Nairobi Coffee Exchange (NCE) was forced to close the physical auction room. As the auction could not fall back on a remote buying system, the sale of coffee became problematic. That is why their decision to apply KOSMOS, the real-time auction system in the cloud, was only accelerated.

Coffee Farmers Count Losses As Sale Stalls

The Nairobi Coffee Exchange (NCE) said it could not conduct the auction yesterday because the gazette notice that extends the regulations, which were to expire in June, has not been published.

Confusion Mars New Coffee Trading Rules

The regulations bring the industry under the oversight of the Capital Markets Authority (CMA). “The auction was expected to open on July 7, after a one-month recess yet it did not take off. We have existing contracts with marketing agents and we have released our coffee to them for sale,” said KCPA chairman Peter Gikonyo