The CEO of African Exchange (AFEX), Ayodeji Balogun has revealed that since AFEX inception, over 500,000 Nigerian farmers have benefitted from its operations in the last decade.
AFEX said it has also executed over 1,000,000 metric tonnes in trade since 2014.
According to the report, following the publication of its first impact report in 2021, AFEX has doubled down on driving impact through its work in Africa’s commodities markets, positively contributing to Sustainable Development Goals (SDGs) 1,2,5,8, and 12.
Ayodeji Balogun said: “Our impact goals are fundamental as we expand into other African markets for the singular reason that they ensure we are not just doing business, but creating a positive difference in the communities we operate, empowering farming communities, fostering economic opportunity and helping Africa sustainably provide for itself.”
In his own remarks, the president, Rest of Africa, AFEX, Sanne Steemers, expressed, “This report marks a significant milestone for us, as it serves as a roadmap that guides us towards a more sustainable and responsible future building an efficient marketplace for commodities in Africa. We will continue to build a food system for the future and create shared prosperity, ensuring that no one is left behind in the journey to transform the agricultural ecosystem.”
