Africaexchange

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 B2B2C 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).