Commodities exchange changes name to Bourse Africa

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In an effort to create a unique brand for Africa, pan-African commodities and derivatives exchange operator Multi-Commodity Exchange of Africa (MCX Africa) has changed its name to Bourse Africa ahead of operating from Botswana in the next financial year.

This was confirmed by the CEO of the Botswana International Financial Services Centre (IFSC), Alan Boshwaen in an interview on Wednesday.

"The simple explanation is that they wanted a different brand name from their Indian promoters, MCX India, and a brand that uniquely represents Africa," Boshwaen says.

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