Africa opens new gateway to global capital: continent's first international commodity and currency market goes live in Mauritius.
African Business › Nbr. 2010, January 2010
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MARKETS
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Africa opens new gateway to global capital: continent's first international commodity and currency market goes live in Mauritius.
It has been a long time coming but it is here at last. Africa now has its own international commodity and currency derivatives exchange. The implications are colossal. Africa can now begin the process of severing the umbilical cord that ties its commodity prices and trade to foreign exchanges. Instead of being on the fringes of the global asset-trading universe, it is now directly connected to the world.
[ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] Given the trend over the past decade and a half, it is hardly surprising that the exchange, the Global Tr...See the full content of this document
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