Lagos, Nigeria
Abbreviation
AFEX
Location
Lagos, Nigeria
Region
Africa
Group
Africa Exchange Holdings
Product Types
Agricultural
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.
The Nigeria Commodity Exchange (NCX), established in 2001 and headquartered in Abuja, is Nigeria's government-backed commodity exchange, operating under the supervision of the Securities and Exchange Commission (SEC) of Nigeria. NCX trades agricultural commodities including sesame, soybean, sorghum, groundnuts, and cotton. The exchange provides warehouse receipt-based trading infrastructure to help Nigerian farmers access better prices and pre-export financing. Nigeria, as Africa's largest economy, is a significant producer of sesame, cocoa, and palm oil.
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.
The Auction Holding Commodity Exchange (AHCX) is one of Malawi's primary commodity trading facilities, operating physical auction floors for agricultural products. AHCX primarily handles tobacco, Malawi's main export commodity, along with other agricultural products. The exchange provides a venue for licensed buyers and sellers to negotiate and transact commodity lots in an open auction environment. Malawi's agricultural sector, particularly tobacco farming, is central to the rural economy and foreign exchange earnings.
Africa Mercantile Exchange (AfMX) is a Nairobi-based commodity exchange platform offering trading and price-discovery services for agricultural products and energy commodities across East African markets. AfMX is designed to improve market access for East African producers by providing a regulated and transparent trading environment for commodities including agricultural staples and energy products.