Back to Commodity Exchanges
AfricaAFEXAgricultural

AFEX Commodities Exchange Limited

Lagos, Nigeria

Abbreviation

AFEX

Location

Lagos, Nigeria

Region

Africa

Group

Africa Exchange Holdings

Product Types

Agricultural

About AFEX Commodities Exchange Limited

AFEX Commodities Exchange Limited (AFEX), operated by Africa Exchange Holdings, is a private sector-led agricultural commodity exchange with operations across Nigeria, Kenya, Uganda, Rwanda, and Cameroon. Founded in 2014, AFEX runs a tech-enabled commodity trading platform focused on agri-commodities including maize, soybean, rice, and cashews. AFEX provides farmers with access to markets, storage infrastructure, and agricultural finance through its warehousing and commodity-backed financing solutions across West and East Africa.

More Exchanges in Africa

Nairobi Coffee Exchange

NCE · Nairobi, Kenya

The Nairobi Coffee Exchange (NCE) is Kenya's primary auction market for specialty coffee, operating under the Kenya Coffee Traders Association and the Nairobi Coffee Exchange Act. NCE conducts weekly Tuesday auctions in which buyers bid for certified lots of Kenyan arabica coffee, graded and described by Kenya's Coffee Board grading system (AA, AB, C, PB, and others). Kenya is world-renowned for producing some of the finest washed arabica coffees, and the NCE auction system determines the global benchmark prices for Kenyan specialty coffee.

Egyptian Commodities Exchange

EGYCOMEX · Cairo, Egypt

The Egyptian Commodities Exchange (EGYCOMEX) is a Cairo-based commodity exchange regulated by the Egyptian Financial Regulatory Authority (FRA). EGYCOMEX provides trading infrastructure for agricultural commodities (wheat, cotton, rice), energy products, and precious metals within Egypt's market. Egypt is one of Africa's largest wheat importers and a significant agricultural producer, and EGYCOMEX serves as a domestic price-discovery mechanism to reduce dependence on international benchmark volatility.

East Africa Exchange

EAX · Kigali, Rwanda

The East Africa Exchange (EAX), launched in 2014 and headquartered in Kigali, Rwanda, is a regional commodity exchange designed to integrate the agricultural markets of East Africa. EAX provides electronic spot-trading infrastructure for staple agricultural commodities including maize, beans, and coffee, with a warehouse receipt system to facilitate agricultural finance. Backed by the Rwanda Development Board and supported by international development partners, EAX aims to reduce information asymmetry and post-harvest losses across the East African Community (EAC) region.

Mercantile Exchange of Madagascar

MEX · Antananarivo, Madagascar

The Mercantile Exchange of Madagascar (MEX) is a commodity exchange based in Antananarivo, Madagascar, facilitating trading of agricultural commodities, metals, and energy products. Madagascar is a key producer of vanilla (responsible for ~80% of global vanilla supply), cloves, and other tropical agricultural exports. MEX provides a domestic trading platform supporting Madagascar's agricultural and natural resource sectors, offering price-discovery services for both local producers and international buyers.