AFEX
AFEX Commodities Exchange Limited, founded in 2014 and based in Abuja, Nigeria, operates a trading platform that connects small local farmers with the financial commodity market. The company develops a supply chain network and offers big data-based analytics to facilitate investment opportunities for both farmers and investors. By designing structured programs, AFEX aims to enhance productivity and returns for agricultural producers, enabling them to unlock capital, manage risk, and discover value within Africa's commodities market. The platform supports small farmers by creating a market for their products and providing the necessary infrastructure to foster a trust economy in the agricultural sector.
Agricorp is a proudly Nigerian company that provides global exports to clients of ginger sourced in key trading markets in Kaduna (Nigeria). We currently have an origination processing facility in Nigeria. In 2019, the team invested in building a semi-mechanized processing facility in Kaduna, capable of processing over 5,000MT of ginger annually. The facility employs over 100 local workers (80% women) in the cleaning and sorting sections of the process. In 2020, the company established its UK entity (Agricorp Inc.) to support its marketing efforts in pushing more products to Europe. Nigeria is the second largest producer of ginger in the world, but meagerly accounts for just 3.5% of the export market share due to capacity constraints and consistency. With this investment, Agricorp can deliver on exporting ginger and other processed spices to major buyers in the Middle East, Europe and America.
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