AFEX is raising about N30 billion for advance funding to agro-processors in another major move to unlock the potential of Nigeria’s commodities market. AFEX, through AFIL SPV Plc- a special purpose ...

In a bid to achieve Africa’s target of $450 billion income through export, AFEX has signed a Memorandum of Understanding with Ghana Commodities Exchange (GCX), to boost cross border commodity trading ...

The company aims to raise $20m this year and is exploring debt and grant funding options, Njuguna says in Nairobi. AFEX started Kenyan operations in June after a pilot phase. African countries face ...

The Federal High Court in Lagos has frozen Afex Commodities Exchange Limited’s accounts across 60 banks over an alleged N17.8bn debt owed to Guaranty Trust Bank. Justice Chukwujekwu Aneke granted the ...

AFEX, whose turnover exceeds $300m and is present in Nigeria, Kenya and Uganda, has no intention to launch an initial public offering to secure extra financing, CEO Ayodeji Balogun says during the ...