Afex, in its 2023 Crop Projection Report, has projected higher prices of commodities in the 2023/2024 season for Nigeria The reason for the high prices across all commodities, according to the report, is due to the general decline in production coupled with increasing demand for commodities for consumption, processing and exports. The report released by…
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, had announced a $26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya and Uganda and serves over 450,000 farmers.
As food prices continue to surge, as witnessed this year, food security challenges will continue to persist, further reducing African continent’s capacity to achieve zero hunger by 2030.
A Fresh call has been made on the need for streamlined trade, harmonised standards and improved infrastructure in African agriculture to foster food security across the continent. President, Rest of Africa at AFEX, Sanne Steemers, who disclosed this, lamented that Africa lacks essential infrastructure for inter-continental trade, which is hindering the achievement of robust food…
A repeat of the 2022 devastating flooding that led to the death of over 600 people and the destruction of farmlands and properties stares down Nigeria in the face as neighbour Cameroon opens the floodgate of its Lagdo dam that threatens to expose the flaws in the food value chain of Africa’s biggest economy. Located…
Nigeria’s commodities player, AFEX, and Ghana Commodities Exchange (GCX) have partnered to strengthen the commodity-trading ecosystem across both countries.
Private commodities exchange in Nigeria, AFEX, hosted the first edition of its CEO Breakfast on July 13, with the theme: “Mapping the Future: Unlocking Value in the Commodities Market.”
Identifying the economic implication of leveraging the agribusiness sector, AFEX, a commodity firm, has reiterated its commitment to facilitate trade with Africa worth $10b within 10 years.
Associated Foreign Exchange (AFEX) has predicted a decline in the production of grain commodities this year, following the impact of flooding, devaluation of the naira, high logistics, and the social-political situation in Nigeria. In its Commodity Outlook for 2023 Report, the body said the observed reasons would keep commodity prices at historically high levels amid…