Zimbabwe revives grain exchange


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Zimbabwe today revived its commodities exchange this time known as the Commodities Exchange in Zimbabwe (COMEZ) as a partnership between the government and private investors. The previous commodities exchange was known as ZIMACE. The current exchange will initially trade grains and cereals and later expand to cover other commodities outside the agriculture sector. “We want a situation where the smallest farmer of grains and cereals wherever located should be able to take advantage of the commodities exchange,” Industry and Commerce Minister Welshman Ncube said at the COMEZ launch.

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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