AFEX To Open Second Round Of $240m (₦100bn) Funding Series To Strengthen Africa’s Agro-Processors
Nigeria’s leading commodities market player is seeking to raise up to $175m (₦73bn) to bolster Nigeria’s agriculture sector AFEX, Nigeria’s leading commodities market player and the country’s first private sector commodities exchange, has today announced the reopening of its $240m (₦100bn) Asset-Backed Commercial Paper (ABCP) to help stabilize Nigeria’s agriculture sector by offering Agro-processors low-cost financing […]
SMW Lagos 2019: Day 3 Highlights
I was unsure of what to expect at the SMW Lagos even after reading through Samuel Achem’s highlights. However, attending the event on Wednesday at the Landmark event center I got a very clearer picture of why Achem would choose to “almost live there.” The atmosphere was simply charged, with very interactive discussions on multiple […]
African Exchange Holdings Delivers on Receipts System
The Nigerian Strategic Grain Reserve (SGR) and the Federal Ministry of Agriculture and Rural Development have, together, conducted a technical walkthrough of a pioneering electronic warehouse receipt platform deployed by Africa Exchange Holdings (AFEX). The platform enables Nigerian farmers, cooperatives and traders to safely store their produce at accredited warehouses and access financing. Within two […]