Bourse Africa to trade $20bn - Official

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Pan-African commodity spot and derivatives exchange, Bourse Africa, says because Gaborone will be its financial and technology hub, it will have a direct benefit from US$320 billion worth of commodities traded in Africa annually.

Speaking at the Botswana Resource Sector Conference at the GICC last week, Bourse Africa's Head of Strategy Adam Gross said they trade about US$4 billion to US$5 billion worth of commodities per day in India, which is five times smaller than Africa's commodity base.

"Africa is performing below its potential, and we are here to change that," Gross said.
The exchange will have a pan-African presence through a hub and spoke model that will connect the continent's major countries from Gaborone. "We do not only want to see Africa on the world commodities exchange map, we want it to define the map," said Gross.

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