ZAMACE —
Zambia's agricultural
commodity exchange.
Structured grain trading for Zambia — certified warehouse receipts, a transparent spot market in Zambian Kwacha, and secure settlement on a single institutional-grade platform.
Order Book
MAIZE · Spot
K 5,240.00
+0.42%
Markets
Trade what matters most to Zambian producers.
ZAMACE lists the commodities at the heart of Zambian agriculture — connecting farmers, cooperatives and processors with buyers at home and across the region.
Process
From Zambian producer to buyer in four steps.
A seamless end-to-end process — deposit, grade, receipt, trade and settle — powered by digital infrastructure and a transparent rulebook.
Step 01
Register & Deposit
Complete KYC onboarding, then deliver your grain to a ZAMACE-certified warehouse.
Certified warehouses — Lusaka, Ndola, Kitwe, Mkushi & more
- Entity & individual onboarding
- KYC / AML checks (PACRA, ZRA TPIN, NRC)
- Weigh-in at certified storage
Step 02
Grade to Standard
Every deposit is sampled and graded against ZAMACE grading standards before it can be receipted.
ZAMACE grading standards
- Quantitative quality analysis
- Maize, soya, wheat & sunflower scales
- Grade determines contract class
Step 03
Receive Your Receipt
A ZAMACE Certified Warehouse Receipt is issued and registered in the ZAMACE Depository Registry — the registry of record.
WHR-ZMC- receipt series
- Electronic, transferable receipt
- Registered with maker-checker controls
- Bankable collateral for finance
Step 04
Trade, Settle & Deliver
Sell on the spot market with prices quoted in ZMW, settle delivery-versus-payment, and withdraw or deliver.
Spot market · ZMW
- Real-time price discovery
- Delivery-versus-payment settlement
- Receipt cancellation on withdrawal
Why ZAMACE
Built for Zambian agriculture.
Designed for institutional scale.
ZAMACE — the Zambian Commodities Exchange — offers a structured trading environment for Zambian producers, cooperatives, processors, and investors. Every feature is engineered for transparency, security, and operational efficiency.
Certified Warehouse Receipts
ZAMACE Certified Warehouse Receipts turn stored grain into bankable, transferable collateral.
Transparent Price Discovery
Real-time spot prices quoted in Zambian Kwacha (ZMW), with full market depth visible to all participants.
Depository Registry of Record
Zambia has no external central securities depository — ZAMACE operates the depositor registry and receipt record itself.
Depositor & Producer Protection
Grading to ZAMACE standards, custody controls and maker-checker registry operations protect every deposit.
FRA & Cooperative Participation
The Food Reserve Agency and farmer cooperatives trade alongside processors and investors on one market.
Cross-Listing with BMX
Selected ZAMACE contracts are cross-listed with the Botswana Mercantile Exchange (BMX) for regional reach.
Aggregate Volume · ZMW
K 1,248.6M
+12.4% vs prior period
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Trades
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Members
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Settled
Membership Categories
Choose the membership that fits your role.
ZAMACE membership combines the ZAMACE-native catalogue — Broker, Warehouse Operator, Cooperative, Service Provider, Investor, Financial Institution and Producer/Trading Member — with selected BMX-retained categories kept for cross-listing parity. Each category carries its own rights, obligations, and member-ID suffix.
Producer / Trading Member
Farmers, growers and processors trading their own production.
- Individual, commercial or entity producer
- Deposit and receipt your harvest
- Sell on the spot market in ZMW
- ZAMACE "Trader Member" trading rights
Broker
Solicit and execute commodity orders for clients on ZAMACE.
- Execute client orders on the exchange
- Onboard and manage broker clients
- Access real-time market data
- Member ID suffix BK
Warehouse Operator
ZAMACE-certified storage issuing Certified Warehouse Receipts.
- Issue ZAMACE Certified Warehouse Receipts
- Operate to ZAMACE storage standards
- Participate in physical delivery
- Member ID suffix WO
Cooperative
Aggregate producer-members and sell collectively.
- Collective selling for members
- Bulk deposit and receipting
- Associate Farmer onboarding
- Member ID suffix CO
Service Provider
Transport & logistics, inputs, extension and collateral management.
- Logistics and input supply services
- Extension and advisory services
- Collateral management engagements
- Member ID suffix SP
Investor
Institutional investment accounts participating in the market.
- Institutional trading account
- Exposure to Zambian soft commodities
- Cross-listed BMX instruments
- Member ID suffix IN
Financial Institution
Banks, insurers, MFIs and trade-finance houses.
- Finance against warehouse receipts
- Trade-finance programmes
- Member ID suffix FI
- Absorbs former BANK & INSURER_MFI types
General Member
Market data and platform access without trading rights.
- Market data access
- Platform access
- Upgrade path to trading rights
- Member ID suffix GM
Clearing Member
Guarantee and settle trades on the exchange (BMX-retained).
- Guarantee trade settlement
- Hold member margin and collateral
- Risk-management participation
- Clearing and settlement systems
Market Maker
Provide continuous two-sided quotes (BMX-retained).
- Fee rebates and incentives
- Quote priority in order book
- Market maker programmes
- Consistent liquidity provision
Logistics Provider
Fleet and logistics specialists (BMX-retained).
- Fleet and logistics module access
- Delivery coordination
- Route and capacity listings
- Specialised Service Provider role
Associate Farmer
Cooperative-member farmers with a reduced document set (BMX-retained).
- Simplified onboarding via cooperative
- Reduced KYC document set
- Producer-focused support
- Reduced fees for qualifying farmers
Application Process
Online application · KYC verification · Member ID Z0000001XX
Regulatory Framework
Securities Act No. 41 of 2016 · AML/CFT under FIC supervision
Member Support
Dedicated relationship manager · info@zamace.co.zm · +260 960 432 266