AFEX, Nigeria’s commodities market player and the country’s first private sector commodities exchange, has been listed on the Financial Times ranking of Africa’s Fastest-Growing Companies in Agriculture Commodities category 2022.
AFEX added over 350,000 digital farmers to their WorkBench platform and announced the first Asset-Backed Commercial Paper listed on a Commodities Exchange in Africa. In collaboration with Statista, the FT ranks companies that had the strongest revenue growth in Africa between 2017 and 2020. AFEX also came in first place in the list of fastest-growing companies in Nigeria and third place in the overall list of fastest-growing companies in Africa.
CEO at AFEX, Ayodeji Balogun, said: “We are delighted to have come top of the FT’s Africa’s fastest-growing Agriculture and Commodities list. It is a significant accomplishment and recognises the work we have been doing over the past eight years.