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Kenya Agricultural Commodity Exchange (KACE) is a private sector firm launched in 1997 to facilitate linkage between sellers and buyers of agricultural commodities, provide relevant and timely marketing information and intelligence, provide a transparent and competitive market price discovery mechanism and harness and apply information and communication technologies (ICTs) for rural value addition and empowerment. |
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In order to improve access by farmers and other small and medium agro-enterprises (SMEs) to input and output markets in a financially affordable and sustainable way, KACE has recently initiated two innovations: franchising its MIPs and MICs to local entrepreneurs, and establishing a virtual trading floor to improve the matching of offers and bids through a rural-based FM Radio program. |
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Future plans: Scaling out the KACE MILS |
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Based on the above developments and lessons, KACE is seeking resources to scale-out its developed and tested MILS strategy for empowering farmers and other SMEs to access input and output markets more effectively, |
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