A web-based African commodities exchange for farmers, traders, brokers, and investors to buy, sell, and invest using spot contracts and commodity-backed products.
AFEX Product Overview
Is AFEX Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Smallholder farmers
- Commodity traders
What It Does Well
- Online commodity marketplace
- Spot contract trades
Things to Check
- Nigeria Kenya Uganda access
- Eligible commodities list
About AFEX
AFEX is a pan-African digital commodity exchange platform for smallholder farmers, traders, brokers, dealers, institutional buyers, and retail investors who want to trade or invest in commodities.
Key capabilities include:
- Commodity trading and investing across physical and financial markets, including cash-settled spot contracts (cash settlement linked to commodities in accredited warehouses) and deliverable spot contracts (settled through physical delivery).
- Commodity-backed investment products, including Fair Trade Exchange Traded Commodities (FETC) (basket-style commodity exposure) and fixed income products backed or enhanced by physical commodities.
- Market information tools to follow prices and trends, supporting trading decisions for buyers and sellers.
- Membership models for professionals, with Broker, Dealer, and Broker-Dealer options for executing client trades, proprietary trades, or both.
Available on Web, iOS, and Android.
It serves a B2B audience, including smallholder farmers and small traders as sellers, large commodity buyers and trading houses as institutional participants, and retail investors seeking commodity-linked instruments.
Notable in the African market context, it operates a structured commodities marketplace regulated by Nigeria’s Securities and Exchange Commission and has expanded operations to multiple countries (7 countries stated on its website).
AFEX Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataAs of Oct 5, 2026, AFEX is rated 3.8 on the App Store from 5 reviews and 3.7 on Google Play from 44 reviews with 5K+ installs.
Recent Reviews for AFEX
Reviews reflect each reviewer's opinion. Companies cannot pay to alter or remove reviews. A verified review includes proof that Liners checked to an extent. Learn how reviews workHow is the score calculated?
Every product starts at a 3.5-star baseline worth 7 reviews. Each approved review pulls the score toward the real average, so a product with one 5-star review shows about 3.7.
Learn how reviews workUS · 3 reviews
May 31, 2026
I'm a maize farmer in Benue State. For years, I struggled with the same problem: after harvest, middlemen would come with lowball offers because they knew I needed to sell quickly. I'd watch them take my maize to the city and sell it for double what they paid me. Then I discovered AFEX, and everything changed.
AFEX Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataAFEX has raised $26.5M across 1 recorded funding event. The latest was Other in Oct 2023.
- Total Raised:
- $26.5M
- Latest Round:
- Other
AFEX Investors & Funding Rounds
AFEX Founders & Leadership Team
Liners compiles leadership profiles from official company pages, professional profiles, and trusted public sources. We refresh them as teams change. How we source data
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Frequently Asked Questions About AFEX
AFEX is a digital commodities trading platform for buying and selling agricultural products like spot contracts and exchange traded commodities. It works by providing a structured marketplace with price discovery, live quotes, order placement, wallet funding via payment gateways or bank transfers, and secure withdrawals to your bank account. The platform offers educational resources, daily price updates, and is regulated by Nigeria’s Securities and Exchange Commission.
AFEX, a prominent pan-African commodities player, currently operates in Nigeria, Kenya, and Uganda. The company operates over 200 warehouses across these East and West African markets, providing storage, financing, and trade services to farmers and processors.
Yes, AFEX is available on iOS and Android. You can download Africaexchange on the App Store for iPhone, or get it on Google Play for Android.
AFEX is best suited for individual investors seeking portfolio diversification through commodities, farmers looking for fair market prices, and market participants interested in agricultural trading opportunities.
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