The Nairobi Coffee Exchange is mandated to manage the coffee central auction in the country. In order to achieve its mandate as the manager of the trading floor as efficiently and to the benefit of the coffee industry, the Management Committee initiated this first ever strategic plan. In this strategy paper, the Exchange desires to articulate the government’s vision in the agricultural sector and in particular, the coffee sub-sector as envisaged in the vision 2030.
The Management Committee, being the first managers of the Exchange after KCPTA, found it necessary to refocus its role in the industry and ensure that it eliminates the malpractices and loopholes that have affected the trading floor in the past few years. This was only possible through a strategic approach that led to the development of this 3-year (2014 – 2017) NCE Strategic Plan – so designed to conform to the three (3) term of the Management Committee. The development process of the plan involved different players in the industry: the Coffee Directorate who gave unparalleled support and legal guidance in the wake of the new dispensation of AFFA Act, which took effect during the development of this strategy.
Needless to say, this is also coming up when Kenya as a country is embracing a new constitution enacted in 2010 which, among other things, devolved agriculture to the county government. It is envisaged that, the full implementation of this plan will enhance, improve and bring new approaches to the all-time-tested auction system of marketing coffee to carter for these changes. It will also and eventually demystify the perception that there are manipulative practices and cartels on the trading floor by availing relevant information to all the stakeholders.
The commitment of the Exchange is that it will be able to meet the needs of all the coffee stakeholder by embracing the best practices, improve the institutional capacity of the Exchange, engage in strategic partners for the benefit of the trade and embrace technology through the implementation of the Strategic Plan.
Daniel Mbithi – Executive Officer