LUSE expresses intrest in agri-commodity exchange

The Zambia Agricultural Commodities exchange has revealed that the Lusaka Stock exchange has expressed interest in the commodity exchange.
ZAMACE suspended trading activity in August 2011 to pave way for a process of demutualisation ,which is delinking of shareholding from brokerage ownership.
This is not unsual as it has happened in South Africa where the stock exchange in that country JSE,took over the South African Futures Exchange(SAFEX),Which is now their agricultural and equities derivatives division.

ZAMACE Cheif executive said that the mutual structure was not optimal in the current environment and that there is need to reform.ZAMACE's total value stood at over $72 million,with an estimated annual value of wheat trade in Zabia of $60 million.
The Commodities agency was initially set up with mainly traders and processors as owners.These are the ones who took the risk and established the exchange with the initial  financial and technical support of USAID/PROFIT.