INDIAN COMPANIES INTERESTED IN OIL AND GAS IN TANZANIA, TPDC SAYS
The Tanzanian Capital
Markets and Securities Authority (CMSA) has recently announced in a press
conference in Dar es Salaam that the first Tanzania Commodity Exchange Market
(TCX) will start operations in May, 2016, after the Parliament’s approval and
preparation of regulations that are in final stages. The TCX seeks to boost
Tanzania’s agricultural sector by helping local farmers to place their products
in the local and international markets to raise agricultural earnings, which
are meant to be invested in the processing industries to add value to the final
product. According to the CMSA, the TCX will initially trade in six crops
called cashew nuts, coffee, sesame, rice, sunflower seeds and probably maize.
It has been already registered under the name Tanzania Commodity Exchange
Market Company Ltd and the trading floor will be located at the LAPF building
in Kijitonyama from Kinondoni Disctrict, Dar es SalaamMore..
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