Browsing: warehousing infrastructure

Tanzania Mercantile Exchange

In Tanzania, smallholder farmers reaping big from Mercantile Exchange

Countries
  • In its simplest form, the trade in commodities is the modern adaptation of the barter trade system.
  • Farmers in Tanzania can choose their cropping pattern based on the spot and futures prices set by the exchange.
  • A total of 56,367.5MT of commodities worth $45.6 million were traded through the Tanzania Mercantile Exchange between 2019 and 2021.

We are all familiar with the Dar es Salaam Stock Exchange market, but only a few are aware of the not-so-famous Tanzania Mercantile Exchange(TMX). As the names suggest, the stock exchange involves the trading of stocks while the latter entails the trading of commodities.

In the simplest form, the trade of commodities can be described as the modern adaptation of the barter trade system. It allows for example, farmers and/or middlemen to trade their produce with other producers across the world. By so doing, farmers can exchange (sell) their produce at the highest …

Warehousing demand in Africa is on the rise.Image Source 20Cube Logistics

Africa’s warehousing sector set to record massive growth

Industry and Trade

The demand for quality warehousing in Africa has been skyrocketing, especially with the rapid mushrooming and proliferation of e-commerce platforms across the continent.

However, the supply has scarcely risen to meet the burgeoning demand. In 2021, the African e-commerce industry grew by 31 per cent to US$28B in revenues from US$21.4 in 2020; whilst in 2022, the industry is predicted to produce US$33.3B in revenue.

This upward trajectory has largely determined the steady growth of the warehousing and logistics market in the continent. Overall, Global Smart Warehousing Market is valued at USD 14.46 Billion in 2020, and is expected to reach USD 31.57 Billion by 2027 with a CAGR of 11.8 per cent over the forecast period. With the implementation of the African Continental Free Trade Area (AfCFTA) going on its second year, the sector is projected to register robust growth due to increased intra-African trading on a macro-level.

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