The team at ABX is set to launch the African Bullion Exchange Marketplace on the 10th of September 2022 and preparations for the launch are well underway.
United Kingdom, 21st Jul 2022, The Newcastle based technology company has created a platform which connects African gold bullion producers with gold investors around the world. The platform will enable investors both big and small to purchase gold bullion products directly from African producers at a discounted rate, without compromising on quality. The platform will also allow users to trade gold contracts and settle them through the marketplace platform.
Shane Manjelo the founder of ABX Marketplace commented, “Our programmers have worked tirelessly to create a robust platform which connects African gold producers directly with investors from around the world, in a safe manner. Users of our platform can enjoy the discounts of buying direct from gold producers in Africa and in exchange African gold producers can command better prices for their produce by cutting out the middleman”.
Economists indicate that billions of dollars’ worth of gold is leaving Africa with no taxes being paid to the countries that produce them. ABX Marketplace platform provides a modern, scalable solution to that problem. ABX Marketplace will work alongside African countries to ensure that taxes are collected and paid accordingly for all transactions carried out on the ABX platform.
Franklin Johst-Hughes from the ABX Marketplace went on to comment, “Our intention is to create a more sustainable eco system in the African gold industry. We want to deploy mechanisms which will encourage growth in the African gold refinery sector and create more jobs.”
The ABX Marketplace will also provide logistics and fulfilment services from depots located at 4 major international airports in Africa. Namely Harare International, Accra International, Kampala International and Modibo Keita international in Mali. All deliveries fulfilled by African Bullion Exchange are fully ensured against damage or loss. The African Bullion Exchange guarantees the safe delivery of all products ordered on the ABX Marketplace platform.
The ABX Marketplace platform is set to launch on the 10th of September 2022 at an exclusive event in London, UK. For more information email: info@abx.market or visit our promotional website: www.abx.market You can also follow African Bullion Exchange on social media using the handles below. Instagram: @africanbullionexchange, Twitter: @abxmarket, Youtube: African Bullion Exchange
Organization: African Bullion Exchange
Contact Person: Franklin Johst-Hughes
Email: Send Email
Phone: 0191 6911579
Country: United Kingdom
Website: https://www.abx.market
The post Technology start-up African Bullion Exchange launches platform which will bring an end to gold smuggling in Africa appeared first on King Newswire.
Information contained on this page is provided by an independent third-party content provider. eTrendystock make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact contact@etrendystock.com
Thailand’s Securities and Exchange Commission (SEC) is actively preparing a formal regulatory framework to support…
London, UK, 22nd January 2026, ZEX PR WIRE, In the rapidly evolving landscape of urban transportation, Sky…
In 2025, Sharjah Airport achieved the following milestones: • Expanded its route network to strengthen…
Medifakt introduces a next-generation digital health platform that combines blockchain security, AI-driven insights, and IoT…
Hong Kong, 22nd January 2026, ZEX PR WIRE, We're thrilled to welcome SlowMist as a Primary Exhibition…
Hong Kong, 22nd January 2026, ZEX PR WIRE, 麦通MSX已确认加入2026香港Web3嘉年华，将作为白金赞助商为大会提供支持。 MSX 是一个去中心化 RWA 交易平台，致力于为全球用户提供代币化美股等链上资产的现货与衍生品交易服务，目前也已上线包括苹果、特斯拉、英伟达等在内的超 200 种美股代币。 香港Web3嘉年华是由万向区块链实验室与HashKey Group联合推出的Web3活动品牌，由W3ME承办，自2023年起于每年4月在香港会议展览中心举办，聚焦行业热点话题与政策趋势，是亚洲规模最大、最受关注的Web3行业盛会之一。…