Established in 2014 as Nigeria’s first licensed private commodities exchange, AFEX's infrastructure and platforms drive capital to build a trust economy in Africa’s commodity markets. We provide solutions in trading, financing and market system development.
Location: Nigeria, Federal Capital Territory, Abuja
Employees: 501-1000
Founded date: 2014
Investors 1
| Date | Name | Website |
| - | Consonance... | consonance... |
Mentions in press and media 10
| Date | Title | Description |
| 24.05.2025 | Fidelity Bank's Trillion-Naira Fall: A Wake-Up Call for Investors | Fidelity Bank Plc, a prominent player in Nigeria's banking sector, recently experienced a significant market cap drop, losing its coveted trillion-naira status. This decline serves as a stark reminder of how swiftly legal and regulatory dev... |
| 20.05.2025 | Nigeria: FG - Rollout of N3.3tn 90,000km Fibre Lines, 7,000 Telecom Towers Begins Q4 2025 | Digital Economy Grew Ninefold in Q1 2024 — ·Edun: Capital market strategic in drive for $1tn economy ·Bagudu to World Bank: Nigeria's economic reforms on track Deji Elumoye, Ndubuisi Francis and James Emejo in Abuja The Minister of Communic... |
| 06.12.2024 | SunCulture and Turaco Launch “SunCulture Protect” to Build Smallholder Farmers’ Resilience Against Climate Change with Affordable Insurance | Share this: Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to email a link to a friend (Op... |
| 31.10.2024 | Paddy rice production in Nigeria projected to decline over insecurity, high fertiliser cost –AFEX | Paddy rice production in the 2024 wet season is projected to decline by as much as 2.6% resulting in a total output of 8.1 million tonnes. This is according to the AFEX 2024 wet season crop production report which noted that the decline in ... |
| 22.02.2022 | From celebrated platforms to fraud claims: Why Nigeria’s agric crowdfunding fintechs came crashing down | “It was all going fine until days before my scheduled payout,” says Biodun*, who in May 2020 and through reQuid had invested ₦250,000 in a joint venture for rice production in Kebbi and Sokoto states, Nigeria. The promise was to get a 28% r... |
| 31.01.2022 | AFEX targets $175 million new funding as it reopens ABCP | --> --> AFEX, Nigeria’s commodities market player is planning to raise $175 million as it reopens its $240 million Asset-Backed Commercial Paper (ABCP) targeted at offering Agro-processors low-cost financing to bridge the funding gap ... |
| 14.01.2022 | Q&A: AFEX’s $100m bond aims to unlock climate-smart capital for Nigeria’s ag sector | The founders of AFEX have spent seven years building a commodities exchange with the goal of bringing greater efficiency and transparency to West Africa’s agriculture sector. Their thesis: that providing farmers with tools like financing, i... |
| 02.12.2021 | AFEX launches $100 million food security fund for expansion across African market | --> --> AFEX, Nigeria’s commodity market has launched a new $100 million 10-year bond called the Food Security Fund (FSF) to enable it produce as much as three million metric tonnes of food annually in Africa. According to a press rel... |
| 18.10.2021 | Agricorp is spicing things up for Nigerian farmers following $17.5m funding | Kenneth Obiajulu and Wale Omotimirin launched Agricorp, a tech-enabled agronomic services startup, three years ago to help Nigeria’s spice farmers overcome issues common across Africa’s agriculture sector: lack of access to farm services, f... |
| 05.09.2021 | Agricorp raises $17.5m pre-series A fund to enhance global food system | Agricorp International, a Nigeria-based spices producing, processing, and exporting company has raised $17.5 million in pre-series A funding. With this new raise, Agricorp will increase its spices processing capacity up to 7000 metric tonne... |