USAID’s Southern Africa Trade Hub is providing technical support for the Zambia Agricultural Commodities Exchange (ZAMACE) warehouse receipts system to be launched in time for the 2015 harvest season.
Following the successful launch of the first ever warehouse receipt in Mozambique last week as a result of Trade Hub support, ZAMACE has started negotiations with South African-based service provider, Appsolve (Pty) Ltd, to provide a web-based online data collection platform to support the WRS for ZAMACE to issue the first electronic warehouse receipts by July or August, 2015.
AppSolve technology is used in the parallel development of the Trade Hub sponsored Mozambique WRS pilot project which successfully issued the first ever electronic warehouse receipt in Mozambique in May 2015. As part of the planned WRS, ZAMACE has already identified warehouses that can receive and safely store up to 80,000 tons of grain and oil seed from producers and traders. Warehouse receipts will then be issued electronically via a web-based platform that allows transparent market prices. Local insurance companies and financiers will participate in the WRS by providing optional insurance and collateral finance against the security of the warehouse receipt.
Photo: As part of the planned WRS, ZAMACE has already certified warehouses that can receive and safely store up to 80,000 tons of grain and oil seed from producers and traders