AFEX to enhance agribusiness with $2b worth of trade in Africa

Identifying the economic implication of leveraging the agribusiness sector, AFEX, a commodity firm, has reiterated its commitment to facilitate trade with Africa worth $2b within 10 years.

The firm, in a statement noted that this would be done through the use of technology to operate efficient infrastructure, market and capital systems.

In line with this, it is set to hold its yearly Code Cash Crop conference, themed “Scaling Market-Led Solutions.” The conference, according to the firm, would harness innovation across agriculture, finance and technology sectors, to solve problems related to Africa’s food systems.

A major highlight of this edition is the “Ag hackathon” challenge, which has been extendedto Kenya.

The challenge is to gather young African entrepreneurs to create and initiate ideas for lasting solutions to the problems in the ecosystem.

This edition of the Code Cash Crop, which has been scheduled to hold in August, 2023, enjoins the collaboration of technological inventions and innovations to cater for the pressing needs in the market, with emphasis on data and analytics, access to market and input, as well as credit facilities.

Vice President, Corporate Services, AFEX, Mariam Tobun, said, “For the first time, Code Cash Crop will be expanding into Kenya, as the
Ag-hackathon is open to participants in both Nigeria and Kenya.

Through this platform, young entrepreneurs have a unique opportunity to create innovative ideas and profitable business models that solve problems in the ecosystem.

Speaking on this year’s theme, Tobun said, “We recognise the shift in the global and local markets that calls for solutions that prioritise sustainability and strong unit economics, and this is a key consideration in our theme for the year.

“The Code Cash Crop is undoubtedly an essential piece of the agricultural ecosystem, and for 4.0, we are incredibly committed to promoting conversations and engineering profitable solutions through the Ag-hackathon.”