Home Business East Africa: EAC Coffee Sets Slots in Online Business Purchase Beckons

East Africa: EAC Coffee Sets Slots in Online Business Purchase Beckons

by telegramnews
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An online coffee mini-auction to taste and buy coffee from East African member states as well as international buyers to bid is set for launch in Mombasa, Kenya this week.

The initiative will be unveiled at the forum that will bring together stakeholders across the coffee value chain in East African starting today.

“During the weeklong forum, a special coffee cupping session and first of its kind online mini-auction will offer participants the opportunity to taste and buy coffee from Burundi, Kenya, Rwanda, Uganda and Tanzania and international buyers to bid and purchase through the online facility,” the Director General Customs and Trade at the EAC Secretariat Mr Kenneth Bagamuhunda said.

The EAC Coffee Business Forum organised jointly with the African Fine Coffee Conference and Exhibition is financed by the European Union through the Market Access Upgrade Programme (MARKUP) that provide supports to small and mediumsized enterprises across the region to improve access to EU markets and increase interregional trade.

EU Member Countries including Germany, Italy, Belgium, Sweden and Spain, which are among the top 10 buyers of coffee from the EAC region.

The forum will involve interactive discussions, workshops and networking events.

“Coffee is such an important global commodity and one in which EAC countries could and should be extremely competitive. Earnings from coffee exports represent a significant share of the EAC revenues with the average share of coffee in total merchandise exports exceeding 20 per cent today,” he noted.