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About edit
AFEX is an agriculture commodities exchange in West and East Africa. It was launched in Nigeria in January 2014 as the first private licensed exchange in Nigeria and the largest in West Africa.[1]
Location edit
The AFEX headquarters is located in Nigeria’s capital city, Abuja, with other offices located in Kenya[2], Uganda[3], and Cote d’Ivoire[4]
Overview edit
AFEX is a Pan-African organization championing efficient trade and wealth creation through the commodities market in Africa. AFEX runs a platform business that works through key pillars of infrastructure, markets, and capital.[5] Operating through 3 business entities (AFEX Fair Trade Limited, AFEX Commodities Exchange, AFEX Investment Limited), AFEX addresses the challenges faced by smallholder farmers, providing inputs, credit facilities, micro-insurance, storage services, training, and markets.[6] AFEX also facilitates the trade of physical commodities and commodity contracts through a technology platform, Africa Exchange which helps bridge the gap between the capital market and the commodities market, unlocking finance for production, trade, processing and export of commodities[7]
External Links edit
- ^ "Nigeria Bourse Plans Commodities Growth in Seven African Nations". Bloomberg.
- ^ "AFEX expands operations to Kenya". Further Africa.
- ^ "AFEX expands operations to Uganda, appoints Group CEO, Presidents". Nigerian Tribune.
- ^ "Côte d'Ivoire: AFEX to invest up to $5 million in agricultural trading and storage". Africa Business Plus.
- ^ "British International Investment commits $26.5 million to AFEX to address food security in Nigeria, Kenya and Uganda". British International Investment.
- ^ "How this businessman built a commodity exchange in Nigeria". How We Made it in Africa.
- ^ "AFEX announces Africa Exchange to Further Transform the Commodity Space". Tech Build.