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May 2018
Briefing
Commodity Exchanges in Tanzania
The Tanzania Mercantile Exchange PLC market licensed by the Capital Markets
(TMX) was set up in 2014 as a public private and Securities Authority (CMSA) in which
partnership between the Treasury Registrar, offers to purchase or sell commodity
TIB Development Bank, the Public Service contracts are made on a centralised
Pension Fund and the Tanzania Federation basis.
of Cooperatives. TMX is set to be the first
commodity exchange in Tanzania, with a key • "Commodity contracts" are defined as
focus on agricultural commodities. According including:
to the National Bureau of Statistics' latest
reports, the following agricultural − Spot commodity contracts – contracts
commodities are the most produced in wherein commodities are traded and
Tanzania: delivered within a two day period
− operating the commodity exchange in a fair, • Depending on the issue at hand, a certain type
transparent and efficient manner of application form would have to be used. For
example:
− managing risks associated with the commodity
exchange in a prudential manner − Application to operate a commodity exchange
– this would need to be made via application
− complying with the anti-money laundering and form no. 1
anti-terrorism laws in Tanzania
− Application to be a commodity broker or
− submitting annual reports to the CMSA commodity dealer – this would need to be
made via application form no. 2
− employ personnel that are competent enough
to run the commodity exchange
Peter Kasanda
Partner, Dar es Salaam
E: peter.kasanda@clydeco.com
T: +255 767 850 056
Michaela Marandu
Senior Associate, Dar es Salaam
E: michaela.marandu@clydeco.com
T: +255 768 983 024
Kankiza Tibaijuka
Associate, Dar es Salaam
E: kankiza.tibaijuka@clydeco.com
T: +255 768 983 023