The Capital Markets Authority (CMA) has extended the provisional licenses granted to four coffee brokers by a further 30 days from 30 September 2021, in line with the Capital Markets (Coffee Exchange) Regulations, 2020.
The move is expected to allow CMA to finalise confirmation of full compliance of the four coffee brokers with the Regulations and minimize disruptions in the coffee sub-sector value chain. The four coffee brokers namely: Kipkelion Brokerage Company Limited, Murang’a County Coffee Dealers Company, Mt. Elgon Coffee Marketing Agency Limited and United Eastern Kenya Coffee Marketing Company Limited had been granted conditional licenses in June 2021 and were expected to be in full compliance within three months.
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