AFEX Launches Africa Exchange Platform for Commodities Trading in Africa

Editorial Desk
By Editorial Desk 2 Min Read

AFEX, a major commodities player in Africa, has announced the launch of Africa Exchange, a digital platform for trading commodities.

This new platform follows the successful launch of ComX in 2020 and aims to transform the commodities space in Africa by providing a comprehensive and informed trading experience.

Regulated by Nigeria’s Securities and Exchange Commission (SEC), Africa Exchange will replace ComX and has already facilitated trades worth over $200 million since its launch in 2020.

The platform is part of AFEX’s mission to facilitate wealth creation for a new generation of Africans by providing alternative investment options and supporting the African Continental Free Trade Agreement’s (AFCFTA) mission to improve regional trade integration.

The launch of Africa Exchange is a significant milestone towards achieving the goals of the AFCFTA and the United Nations Sustainable Development Goals.

The platform promotes fair market prices for farmers and allows investors to diversify their portfolios while supporting the financing of the food ecosystem.

In addition to the platform launch, AFEX is reintroducing its innovative Fair Trade ETC (FETC) product, which has historically significant returns and will be available for trading on Africa Exchange starting December 1st.

AFEX is committed to improving intra-African trade and has already expanded into Kenya and Uganda, with plans to expand to six other African countries in the next few years. The Africa Exchange app is available for iOS and Android devices.

AFEX is a platform business that enables efficient trade for commodities in Africa, addressing the challenges faced by smallholder farmers and providing better access to inputs, credit facilities, micro-insurance, storage services, training, and markets.

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