ZMX, LCFE ink intra-African commodity deal

The Zimbabwe Mercantile Exchange (ZMX) and the Lagos Commodities and Futures Exchange (LCFE) have signed a Memorandum of Understanding (MoU) for structured, transparent, and technology-driven commodity trading between Nigeria and Zimbabwe.

The virtual signing ceremony, hosted by a joint bilateral secretariat and attended by regulators, trade officials, and market operators from both countries, marked the beginning of a strategic collaboration aimed at integrating Africa’s commodity value chains under the African Continental Free Trade Area (AfCFTA). Representatives from regulators from both countries also delivered goodwill messages, emphasising the importance of regulatory alignment and transparency in facilitating the partnership.

In his opening remarks, ZMX CEO Collen Tapfumaneyi, hailed the partnership as a transformative opportunity for the continent’s agricultural markets.

Continue Reading This Story

This is a curated preview of the full article. Our editors have selected
key highlights, but there’s more to discover in the complete story.

• Read the full article
• View all images and media
• Access related coverage

12 paragraphs



2 min read

Read Complete Article on zifmstereo
→