AFEX

AFEX is a company that specializes in developing infrastructure and platforms aimed at enhancing access to Africa's commodity markets. By connecting small farmers with the financial commodity market, AFEX provides a commodity exchange platform that leverages big data analytics. This approach focuses on attracting investors to agricultural commodities while offering structured programs designed to improve productivity and returns for farmers. Through its initiatives, AFEX enables producers and investors to unlock capital, manage risk, and discover value within the continent's commodities market, thereby contributing to the establishment of a trust economy.

Samirah Ade-Adebiyi

Managing Director

Past deals in Commodities

Agricorp International Development Limited

Series A in 2021
Agricorp International Development Limited is a Nigerian company focused on the global export of ginger and other processed spices sourced from key trading markets in Africa. It operates a semi-mechanized processing facility in Kaduna, which has the capacity to process over 5,000 metric tons of ginger annually and employs more than 100 local workers, predominantly women. The company also established a UK entity to enhance its marketing efforts and expand its reach into European markets. Despite Nigeria being the second largest producer of ginger worldwide, it holds only a small share of the export market due to capacity and consistency challenges. With its investment in processing facilities and a commitment to quality, Agricorp aims to supply major buyers in the Middle East, Europe, and America with a diverse range of spices, including fresh and dried ginger, ginger powder, dehydrated garlic powder, and chili powder.
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