Introduction
Agriculture and related activities are the main source of income and 60
percent of employment for over 80 percent of Kenyans. The sector
accounts for more than half of the country’s gross domestic product (GDP).
The Government of Kenya (GoK) depends for about 45% of its revenue from
this sector. Agriculture also makes up more than 50% of the country’s export
earnings. Accordingly, the GoK has placed a great deal of importance and
due attention to the development of agriculture in Kenya.
To address the growth and development challenges of the sector, the GoK
has expressed a strong policy commitment to supporting the establishment
of a public-private sector-led National Commodities Exchange (“the
Exchange”). The Exchange will materially impact on the livelihoods of millions
of Kenya’s smallholder producers and other actors, in both agricultural and
non-agricultural commodity value chains, and the agricultural development
led industrialization.
Structure of a COMEX
Proposed Structure of KOMEX
