AFEX Nigeria: Transforming Grains Commodity Markets with Technology

Developing viable commodity markets in Africa is fraught with failures and disappointments. AFEX, a private commodity trading enterprise based in Nigeria has shown that there are many opportunities in the sector. Food Business Africa had a conversation with the firm’s CEO, Ayodeji Balogun on his company and the opportunities in the sector. Authorities across Africa have failed at attempts to establish and streamline the warehousing receipt systems that would lead to organized, working and transparent commodity exchange systems that eventually lead to food security and improved trade in the Continent.…

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