USAID’s Southern Africa Trade Hub demonstrated the AppSolve IT systems software for Warehouse Receipts to ZAMACE (Zambia Agricultural Commodities Exchange) and the Lusaka Stock Exchange (LuSE), which has resulted in Zambia deciding last week to adopt the system. The AppSolve IT system provides an online data collection platform that will enable ZAMACE to issue warehouse receipts electronically in time for the next farming season. The Trade Hub demonstrated the system to ZAMACE in a live connectivity extension training in Mozambique.
The Trade Hub is supporting the development of parallel Warehouse Receipts Systems (WRS) in Malawi, Mozambique, and Zambia. The new revised strategy announced by LuSE will pave the way for the Trade Hub to facilitate a fast track solution for ZAMACE to deliver an operational WRS in Zambia before the end of July 2015.
Five key stakeholders have already committed storage sites in excess of 80,000 tons for the ZAMACE WRS (Cargill , ETG , NWK , CHC, and Zednakie Commodities Trading), and international grain traders have expressed eager interest in participating in the WRS, offering off-take agreements and access to finance for delivered grain deposits in certified warehouses.
The Trade Hub is developing synchronized WRS in Malawi, Mozambique, and Zambia to offer much needed market linkages and fair market prices to improve household incomes for thousands of grain producers in the region.
Photo: Adoption of the AppSolve IT software will enable LuSE and ZAMACE to bring WRS to Zambia in July 2015.