Rwanda’s enviable position of being the easiest country on the continent to start business was the sole reason it was chosen to host the East Africa Exchange (EAX)-Rwanda a subsidiary of Africa Exchange Holdings (AFEX).
Jendayi Frazer, Founder of 50 Ventures, and Chairman of the Board for the East Africa Exchange said; “we wouldn’t go anywhere else. Rwanda is a special place with quality products especially Tea exported to the international market.”
She added , “We established EAX-Rwanda because its easy to start up an investment here and Rwanda is corruption-free. And you can’t go to a country with corruption.”
Jendayi was speaking to Journalists on Wednesday at Kigali city Tower while introducing Paul Kukubo the new Chief Exuctive of East Africa Exchange (EAX Rwanda).
Earlier, Jendayi Frazer, Founder of 50 Ventures, and Chairman of the Board for the East Africa Exchange said: “Paul Kukubo has demonstrated transformative leadership in the information technology space in Kenya in both the private and public sectors and the EAX will benefit from his strong entrepreneurial experience in start-ups.”
EAX-Rwanda seeks to increase transparency in the regions commodity markets aimed at increasing regional market efficiency and liquidity as well as giving the regions population of 130Million, especially smallholder farmers, better access to markets.
The Exchange is initially focusing on establishing an auction facility and spot trading for agriculture and non agriculture commodities but intends to develop futures trading across East Africa.
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