Kenya

Kenya, East Africa's largest economy, plans to begin operating a commodities exchange by December so that farmers can act on better price information, improving incomes for the rural poor. The exchange will start trading in corn, wheat and beans, the country's main dietary staples, Jimnah Mbaru, chairman of the state-run National Cereals and Produce Board, said in an interview in Nairobi. The crops will be stored in government-certified warehouses, where inspectors will weigh shipments, grade the quality and issue farmers with a receipt. (Bloomberg)