Kenya Capital Markets Authority has granted two additional coffee broker licenses and approved Stanbic Bank Kenya Limited as a Direct Settlement System provider for the Nairobi Coffee Exchange, expanding the regulated infrastructure for coffee auction trading. The move adds a second bank to the settlement system and brings in two new brokers to serve farmers, cooperative societies and other market participants. Stanbic Bank joins Cooperative Bank, which had been the sole Direct Settlement System provider since August 2023. The system clears and settles coffee auction proceeds, channeling buyer funds to service providers and ultimately to coffee growers. The new broker licenses were issued to Ahadi Coffee Limited and Cafforra Coffee Company Limited. Ahadi plans to offer brokerage services at the Nairobi Coffee Exchange, while Cafforra will sell coffee on behalf of farmers and cooperatives in Kisumu County and neighboring Uasin Gishu and Elgeyo Marakwet counties, alongside advisory services. The authority said the approvals are intended to strengthen oversight of the regulated coffee trading market and support price discovery, transparency and timely settlement.
Kenya Capital Markets Authority2026-05-28
Kenya Capital Markets Authority licenses two coffee brokers and approves Stanbic Bank Kenya as second settlement provider for Nairobi Coffee Exchange
Kenya Capital Markets Authority has licensed Ahadi Coffee Limited and Cafforra Coffee Company Limited as coffee brokers and approved Stanbic Bank Kenya Limited as a Direct Settlement System provider for the Nairobi Coffee Exchange. Stanbic becomes the second settlement provider after Cooperative Bank, widening the clearing and settlement framework for coffee auction proceeds. The authority said the changes support oversight, transparency and timely payments to growers.