Tag AFEX

AFEX raises alarm on severe food crisis in Nigeria

…As food shortage hits 5.7 million metric tonnes …Forecasts 32% rise in cost of rice by 2024 AFEX has raised alarm on a severefood crisis looming in Africa’s largest economy, Nigeria. At the unveiling of its 2023 Crop Production Report, AFEX highlighted…

AFEX raises $50m to finance Agri-SMEs

By Kayode Tokede AFEX commodity exchange has announced the first Warehouse Receipt Backed Commercial Paper in Africa, with tech-enabled operations and a 24-hour fast cash turnaround for borrowers. With over $50 million raised for Agri-SMEs, this bridges the funding gap…

AFEX raises $50m to finance Agri-SMEs

By Kayode Tokede AFEX Commodities Exchange Limited (AFEX), a private commodities exchange company, has announced the first Warehouse Receipt Backed Commercial Paper in Africa. The paper has tech-enabled operations and a 24-hour fast cash turnaround for borrowers. AFEX in a…