Botswana Mercantile
Exchange
Positioned as the regional hub for Southern Africa's commodities, enabling transparent price discovery and helping Africa capture more value from its natural resources.
Announced by President Duma Boko during the State of the Nation AddressLicensed & live in 2026
BSE Group
Under Botswana Stock Exchange
Licensed
Commodities exchange — NBFIRA
Regional
Southern African Hub
First trade
Sorghum — completed 2026
Message from the Chair of the Board
Building a market Botswana can trust
“The Botswana Mercantile Exchange exists to give every producer — from the smallholder delivering sorghum at Pandamatenga to the cooperative marketing horticultural produce — a transparent, regulated market with fair price discovery and guaranteed settlement. Our mandate from Government is clear: deepen agricultural markets, unlock the value stored in our warehouses, and connect Botswana’s commodities to the region. On behalf of the Board, I invite you to trade, deposit and grow with us.”
Chairperson of the Board
Botswana Mercantile Exchange — a BSE Limited company
Progress
Key Milestones
From mandate to first trade — recent milestones in the BMX implementation.
24 Feb 2026
Botswana–Zambia Heads of Terms
Signed by Ministers for the establishment of the Allied Commodities Exchange (ACE) and ICTAS.
Mar 2026
Commodities Exchange Licence
Licence to operate as a commodities exchange issued by NBFIRA.
31 Mar 2026
ICTAS / Smartbridge Go-Live
Trade-authentication and trading platforms launched as an MVP.
10 Apr 2026
First BMX Transaction
First trade completed on the exchange — a sorghum trade.
11 May 2026
World Federation of Diamond Bourses
BMX accepted as a member of the WFDB.
28 May 2026
Board Approved by NBFIRA
BMX Board of Directors approved by the regulator.
Allied Commodities Exchange (ACE)
Jointly established by Botswana and Zambia as a unified commodities exchange with legal personality in both jurisdictions, operating through national anchors — the Botswana Mercantile Exchange and the Zambian Mercantile Exchange — for regional trade facilitation, transparent price discovery, and structured finance, with market integrity assured through ICTAS.
Overview
Positioning Botswana as a Regional Commodity Hub
The Botswana Mercantile Exchange (BMX) is designed to help Africa capture more value from its natural resources by enabling transparent price discovery and combating localized price gauging. Backed by the Botswana Stock Exchange, it provides genuine price-discovery mechanisms and transparent, structured trade for producers across the continent.
Transparent price discovery mechanisms ensuring fair market value for producers and internationally comparable prices for buyers.
Core mechanism allowing farmers to list products for global trading at internationally comparable prices, unlocking value across the value chain.
Markets
Traded Commodities
BMX covers both soft agricultural commodities and hard mineral commodities, connecting producers to global markets.
Supporting Botswana's agricultural sector by providing transparent markets for staple crops and livestock products. The warehouse receipt system allows farmers to store and trade their produce at optimal prices.
Enabling mineral producers to access international markets through transparent pricing and secure trading mechanisms. Digital traceability ensures responsible sourcing and certified origin.
Digital Traceability & Mineral-Backed Securities
A key innovation of the BMX is its digital traceability infrastructure for natural diamonds and other minerals, allowing for the creation and trading of mineral-backed securities, commodity ETFs, and certified trade bonds.
Blockchain-Secured Traceability
End-to-end provenance tracking for natural diamonds from mine to market.
Mineral-Backed Securities
Create and trade commodity ETFs and certified trade bonds backed by verified mineral reserves.
Certified Origin
Conflict-free certification and responsible sourcing verification for international markets.
Regional Impact
Southern Africa's Commodity Hub
Positioned as the central regional hub for Southern Africa's commodities, driving economic diversification and cross-border trade.
Strategic partnerships to facilitate seamless regional commodity flows across Southern Africa.
Leveraging key infrastructure like the Kazungula Bridge to enable efficient delivery across the region.
Connecting smallholder farmers to major mining companies with global buyers and fair pricing.
To be Botswana's leading and most trusted commodity exchange, enabling transparent, efficient, and sustainable markets that drive economic growth and food security.
To provide a secure, transparent, and innovative marketplace that connects buyers and sellers, promotes fair price discovery, enhances market access, and supports the sustainable development of Botswana's agricultural and commodity sectors.
Core Principles
Built on Trust & Transparency
Our operations are guided by principles that ensure market integrity, fair pricing, and participant protection.
Internationally comparable prices to combat localized price gauging
Digital warehouse receipts enabling global trading of stored commodities
Maintaining a reliable, regulated market for commodity products
Connecting African producers to international buyers and markets
Why BMX
Capturing Africa's Resource Value
The BMX is designed to help Africa capture more value from its natural resources by enabling transparent price discovery and combating localized price gauging.
Internationally comparable prices ensure producers receive fair value for their commodities.
Warehouse receipt system allows farmers to list products for global trading at competitive prices.
Helping Africa capture more value from natural resources through transparent markets.
Ready to Join BMX?
Become a member of Botswana's premier commodity exchange and access transparent, regulated markets. Now licensed and operational.
Licensed & operational | A subsidiary of the Botswana Stock Exchange (BSE) Group