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AFEX operates a pan-African platform designed to enable efficient trade and wealth creation within the continent's commodities market. The company develops and deploys a comprehensive ecosystem, integrating critical infrastructure, robust market access, and tailored capital solutions to streamline agricultural value chains. This platform facilitates commodity brokerage services and provides a structured exchange environment for various agricultural products.
AFEX was established in 2014, emerging as Nigeria's first licensed private commodities exchange. The founders identified a critical need for organized market structures and transparent trading mechanisms to unlock the vast potential within Africa's agricultural sector. Their vision centered on creating a trusted, data-driven environment capable of connecting farmers to markets and finance.
The platform serves a diverse range of participants across the agricultural supply chain, from smallholder farmers to institutional buyers and investors. AFEX's overarching mission is to build an inclusive and efficient market system for commodities across Africa, fostering a trust economy. The company aims to continually expand its reach and impact, driving capital into agricultural development and ensuring sustainable prosperity for stakeholders.
AFEX has 1 tracked investment across 1 company. The latest tracked deal is $17.5M Series A in Agricorp in October 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 18, 2021 | Agricorp | $17.5M Series A | Vami Nigeria | ONE Capital |