Africa Launches Its ‘First Digital Exchange’ For Native Producers

Investment firm TE Markets has launched what it says is the first digital exchange for native producers from Africa to list their produce, fix their competitive price and earn direct rewards for their effort.

It said the platform – for players in the financial markets and Africa’s digital finance ecosystem – is called African Consolidated Exchange (ACEX).

The firm described ACEX as an “innovative infrastructure” that will serve as a digitalised general store for all forex traders, crypto traders, stakeholders and investors in the financial market on the African continent and beyond.

The firm, in a statement, said ACEX being, a one-stop exchange, will be a pan-African and multi-asset trading platform that will allow people to buy and sell stocks, ETFs, Bonds, Forex CFDs, Cryptocurrencies and Commodities.

“ACEX as a market that never sleeps will be an exchange bustling with Liquidity Providers, Merchants, Traders and Investors alike.

“There is no one exchange on the continent where natural minerals and agricultural produce native to the African continent are listed.

“ACEX will be the first exchange where native producers from Africa can list their produce, fix their competitive price and earn direct rewards for their effort. African products such as cobalt, cocoa, and timber will be synthetically indexed and offered as quotes for traders to take advantage of,” TE Markets stated.

While noting that processes globally are now digitised, TE Markets said Africa, with her expansive landmass, bubbly youthful population and huge economic potential must join the fray.

It added that ACEX would bridge the digital gap between what is and what ought to be, specifically in the financial markets space, especially on the African continent.

“Businesses within the TE Markets ecosystem, namely TE Properties; TE Micro funding, TE Payment Gateway, TE Capital and Red Planet will all be listed on ACEX. Also, ACEX will allow for listing opportunities to be extended to interested reputable businesses and startups. These businesses will leverage the robustness of ACEX as a beehive to entice investors to their business by offering competitive and profitable staking opportunities that come with juicy Return On Investments (ROIs).

“These businesses will serve as veritable sources of passive income earning to investors who just want their money to work for them on the listed businesses. Listed businesses can use the liquidity generated to power their growth or finance their expansion,” the company stated.