KOMEX Eyes to Pioneer Digital Agricultural Trading in Makueni

This was disclosed  by a team from KOMEX who paid a courtesy call on Deputy Governor Lucy Mulili on Tuesday. The digital trading platform is designed to streamline access to markets for both agricultural and non-agricultural commodities. 

KOMEX, a financial state corporation under the State Department for Trade, is mandated to promote market access and address inefficiencies in commodity trading.

The platform is currently in the onboarding phase, targeting a broad range of stakeholders including farmers, aggregators, cooperatives, traders, warehouse operators, financial institutions, off-takers, service providers and institutional consumers.

Deputy Director Boniface Makau, said Makueni was the leading producer of pulses, key commodities that stand to benefit greatly from the new trading system.

Through the digital platform, farmers will be able to list their produce and preferred selling prices. Buyers can then make direct payments to sellers’ bank accounts within 48 hours. 

The deputy county boss emphasized the need for national legislation to expand storage infrastructure in counties.