At AFEX, we harness Africa’s commodities and talent to build shared wealth and prosperity. Our infrastructure and platform investments work to unlock capital to power a trust economy in Africa’s commodities markets.

Since inception in 2014, we have developed and deployed a viable commodities exchange model for the African market, and are on track to impact one million producers; providing services in productivity and value capture and access to finance and markets.

By deploying an efficient market system, we will facilitate trade with Africa worth over USD500 million in the next five years.

Milestones

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

AFEX begins operations in Nigeria with a focus on developing a workable warehouse receipts system.

AFEX secures a license from the Securities and Exchange Commission to be the first private sector-led commodity exchange in Nigeria.

We launch the grain bank and Commodity Exchange project with West Africa Food Market (WAFM) targeting 100,000 farmers.

Our trading platform, powered by Nasdaq, is launched and we commence the distribution of our weekly commodities price data.

We pilot the flagship #CodeCashCrop event, driving interactions around technology, finance, and agriculture.

We introduce Nigeria's first ever commodities index - the AFEX Commodities Index (ACI) tracking the changes in price for key agricultural commodities.

We launch ComX, our digital platform for trading and investing in commodities, reaching 5000 users in 2 months.

We announce the first Asset-Backed Commercial Paper listed on an Exchange in Africa.

We officially launch AFEX Fair Trade Kenya as part of our expansion plans into Africa to build an inclusive and sustainable market.

AFEX Fair Trade Uganda is officially launched as a continuation of our expansion plans into Africa

Our Vision

Be the reference point for commodities in Africa

Impact Focus

Strategies

Physical trade

Farmer capacity building and inclusion

Financial markets and technology

Outcomes

Balanced supply and demand

Value addition

Reduced food waste and year-round supply

Impact

Rural Impact

Processing Impact

Macro-economic Impact

Contributes to

SDG 1

NO POVERTY

SDG 2

ZERO HUNGER

SDG 5

GENDER EQUALITY

SDG 8

DECENT WORK & ECONOMIC GROWTH

SDG 12

ENSURE SUSTAINABLE CONSUMPTION AND PRODUCTION

Xperts

Ayodeji Balogun

Group Chief Executive Officer

Akinyinka Akintunde

President, Nigeria

Sanne Steemers

President, Rest of Africa

Adekunle Adesuyi

President, Beyond Markets

Samirah Ade-Adebiyi

Managing Director, AFEX Investment

Kamaldeen Raji

Managing Director, AFEX Fair Trade Nigeria

Tabitha Njeri Njuguna

Managing Director, AFEX Fair Trade, Kenya

Abdul-Hafeez O. Odusanya

Managing Director, AFEX Fair Trade, Uganda

Yusuf Oguntola

Chief Technology Officer

Olubanke Aje

Chief Financial Officer

Oluwafunto Olasemo

Vice President, Financial Markets

Debajyoti Bhattacharyya

Vice President, Commercials

Mariam Tobun

VIce President, Corporate Services

Raheem Yusuf

Vice President, Technology and Innovation

Nancy Olisakwe

Vice President, Clearing and Settlement

Damilola Iseyemi

Vice President, Strategy and Corporate Finance

Michael Oshinowo

Vice President Risk, Audit and Assurance

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Inspired by Talent

As we build a commodities market that works for Africa, we rely on the passion and knowledge of young Africans everywhere. Join us to create the future.

See Open Roles