This was contained in a statement signed by the AFEX’s Analyst and Public Relations Lead, Anwulika Onwudinjo, where it was made known that the organization’s 3rd consecutive entry on the “AFEX, Africa’s leading commodities market player, announced that it has secured a place in the Financial Times ranking of Africa’s Fastest-Growing Companies in 2024. list, after ranking as the fastest growing company in Africa in 2023.
“In that period, AFEX grew by 287.82% in the 4-year period, despite still felt effects of COVID19, macroeconomic headwinds and market upheavals caused by According to the statement, since 2019, AFEX has been working across Africa, creating an efficient market for commodities “In 2020, the launch of their digital trading platform, ComX, lowered barriers for commodity trading and alternative investments, while providing transparent financing options for the currently fragmented agriculture value chain.
“Through innovative financial instruments ike the FETC and Asset Backed Commercia Papers which have historically performed we, AFEX is creating the infrastructure to boost agriculture used production across Africa”, it added. Meanwhile, the President/CEO, AFEX Nigeria, Akinyinka Akintunde, said, “We are proud to once again be featured on the Fastest growing companies list for the third time in a row. This year’s entry is perhaps more significant for us considering the harsh market environment that a lot of businesses are undoubtedly contending with. years to ensure Africa’s food self-sufficiency. Our expansion into Cote d’Ivoire this year also mirrors continent.