Who We Are
Established in 2014 as Nigeria’s first licensed private commodities exchange, we are a limited liability company with pride in ourselves for our innovative approach to connecting small holder farmers to financial and commodity markets
Our VisionTo create lasting institutions that will capitalize on Africa’s agricultural potential, support African farmers, achieve food security, provide energy security, and improve Africa’s overall global trade competitiveness.
The MarketThe agricultural sector in sub-Saharan Africa is projected to increase 2.5% annually through 2030 – the fastest growth anywhere in the world
AFEX manages and operates various warehouses located in major commodity markets and production sites across the country. AFEX additionally has implemented an electronic warehouse receipt system in its warehouses as a building block to creating a vibrant exchange in Nigeria.