International

UK-backed AFEX Celebrates 10 Years of Driving Agricultural Growth and Food Security Across Africa

Published

1 year ago

October 15, 2024

Ochuwa Ibrahim

UK-backed AFEX Celebrates 10 Years of Driving Agricultural Growth and Food Security Across Africa

By: Michael Mike

A leading commodities player in Africa, AFEX, with support from the UK Government, has significant achievements across Nigeria, Kenya, Uganda, and Côte d’Ivoire, as it commemorates its 10th year reshaping the agriculture value chain in Africa, contributing to building sustainable food systems and creating lasting impact for farmers, agribusinesses, and communities.

Through their operations providing capital and storage infrastructure to farmers, processors and other parts of the value chain, AFEX has remained steadfast in its mission to enhance food security, reduce post-harvest losses, and introduce liquidity into agricultural markets through efficient market structures.

Established in 2014 as the first private commodities exchange in Nigeria, AFEX has directly supported smallholder farmers by providing them with access to finance, high-value market opportunities, and crucial extension services. This has not only improved the livelihoods of these farmers but also enhanced their productivity and overall output. Within the same period, AFEX has also grown its presence across the continent, expanding from Nigeria into Kenya, Uganda, and Côte d’Ivoire, and establishing regional commodity markets that facilitate cross-border trade while strengthening food systems throughout these regions.

In Nigeria, AFEX has expanded its farmer network to over 500,000 and traded over 1 million metric tons of essential crops such as maize, rice, sorghum, and soybeans. This trading volume has made a significant contribution to improving food availability and stability in its operational areas. Furthermore, through its financing platform, AFEX has injected over $250 million into agricultural value chains, ensuring that farmers have access to the capital they need to scale their production.

Since expanding into Kenya and Uganda in 2021 and 2022, AFEX has been bullish in the pursuit of their strategic Pan-African expansion goal to penetrate 8 African countries in the next decade, promoting the efficient trade of commodities in Africa while supporting the AFCFTA’s objectives to boost regional trade integration on the continent. Today, its East African operations have impacted over 30,000 farmers through financing and storage services, traded over 12,000 metric tonne and traded about KSH1,600,000,000. In its newest market, Côte d’Ivoire, announced at the beginning of 2024, AFEX has onboarded over a thousand farmers, and disbursed maize inputs across 155 hectares, boosting productivity and food self-sufficiency.

Commenting on the anniversary, the UK’s Deputy High Commissioner in Lagos, Mr. Jonny Baxter, said: “The UK is proud to have provided early-stage funding to AFEX 10 years ago, and to see the company grow with such success, enhancing agricultural productivity and bolstering food security in Nigeria. The agricultural sector stands as a vital pillar to Nigeria’s economy, playing a significant role in job creation and investment potential. We look forward to continuing to support Nigeria’s agriculture sector and the opportunities this provides for its economic growth.”

Group CEO, AFEX, Ayodeji Balogun, reflected on the company’s 10-year journey, stating, “These past 10 years have been about creating innovative solutions for African agriculture and developing sustainable ecosystems that empower farmers. As we mark this milestone on World Food Day, we are reminded that our mission is more critical than ever. Our goal is to continue building the infrastructure and platforms that will secure Africa’s food future.”

Speaking about British International Investment’s $26.5 million commitment to AFEX in 2023, Nigeria Coverage Director of the UK’s development finance institution (DFI), Mr. Benson Adenuga said: “We are delighted to partner with AFEX to provide the necessary support to scale into a pan-African champion, driving agribusiness and strengthening food systems in multiple countries across the continent. Our commitment will support AFEX to construct 20 warehouses in strategic locations in Nigeria, Kenya and Uganda, increasing storage capacity for up to 200,000 farmers and underlining our mandate to support ambitious businesses in Africa”.

A key element of AFEX’s impact lies in its investment in infrastructure. Over the past decade, the company has developed a robust network of more than 200 warehouses across Africa, providing secure storage for agricultural produce and reducing post-harvest losses by up to 30% in some regions. By reducing post-harvest losses and improving productivity, AFEX is playing a critical role in enhancing food security, addressing the challenges of climate change and promoting sustainable agricultural practices across Africa. This commitment mirrors the global call to action on World Food Day to ensure that food systems are inclusive, resilient, and capable of feeding future generations.

AFEX is a platform business that enables efficient trade for commodities in Africa. Solutions start at producer level, ensuring improvement in productivity and livelihoods while building up commodity volumes in the right quality and quantity for local and regional trade.

Operating through three business units, AFEX addresses the challenges faced by smallholder farmers, providing better access to inputs, credit facilities, micro-insurance, storage services, training, and markets. Partnership with different key players across the agricultural value chain – including processors, logistics service providers, financial institutions, and regulatory authorities – makes its goal of supporting Africa’s food security possible.

A range of clients and members also trade physical commodities and commodity contracts through AFEX’s technology platforms, as AFEX continuously bridges the gap between the capital market and the commodities market, thus unlocking finance for production, trade, processing and export of commodities.

International

Russia Declares End of Nuclear Weapons Reduction Deal With US

Published

2 days ago

February 6, 2026

Ochuwa Ibrahim

Russia Declares End of Nuclear Weapons Reduction Deal With US

By: Michael Mike

The Russian Federation has formally marked the expiration of the Russia–United States New Strategic Arms Reduction Treaty (New START), stating that both countries are no longer bound by its obligations following the agreement’s termination on February 5, 2026.

In a statement issued by the Russian Ministry of Foreign Affairs, Moscow recalled that the treaty—signed in 2010, enforced in 2011, and extended once in 2021—had played a significant role in curbing the strategic arms race and ensuring predictability in nuclear relations between the two powers.

Russia noted that it suspended its participation in New START in February 2023, citing what it described as persistent violations and hostile actions by the United States that undermined the treaty’s core principles.

According to the statement, Washington’s military policies, particularly in the area of missile defense, disrupted the strategic balance envisioned by the agreement and constituted a material breach that made full implementation impossible.

Despite these concerns, Moscow acknowledged that the treaty had largely fulfilled its purpose over the years by enabling substantial reductions in strategic offensive arms and reinforcing strategic stability.

Russian said even after suspending its participation, it voluntarily continued to observe the treaty’s central numerical limits until its expiration, a move the United States also pledged to follow.

The statement further disclosed that in September 2025, President Vladimir Putin proposed extending voluntary limits on strategic weapons for at least one year beyond the treaty’s end. However, Russian authorities said the initiative received no formal response from Washington, which they described as regrettable and short-sighted.

With the treaty now expired, Russia stated that no binding commitments or reciprocal declarations remain in force.

Moscow emphasized that it would shape its future strategic arms policy based on an assessment of U.S. military posture and broader global security developments.

While warning that it is prepared to take military-technical measures to protect national security if new threats emerge, Russia reiterated its readiness to pursue diplomatic engagement aimed at stabilizing the strategic environment—provided conditions for equal and mutually beneficial dialogue are established.

Russia Declares End of Nuclear Weapons Reduction Deal With US

International

UK, Nigeria Deepen Digital Cooperation Through Benchmarking and Knowledge Exchange

Published

2 months ago

November 27, 2025

Ochuwa Ibrahim

UK, Nigeria Deepen Digital Cooperation Through Benchmarking and Knowledge Exchange

By: Michael Mike

The United Kingdom and Nigeria have advanced their strategic partnership through a high-level international benchmarking and knowledge exchange tour focused on end-to-end clearance of IT projects and procurement of public digital products and services.

Hosted by the UK Foreign, Commonwealth & Development Office (FCDO), through its Digital Access Programme, in collaboration with leading UK digital governance institutions, including Government Digital Service (GDS), Public Digital, Crown Commercial Service (CCS), British Standards Institute, and the FCDO Cyber Policy Department, the programme brought together senior officials from Nigeria’s National Information Technology Development Agency (NITDA), Galaxy Backbone Limited (GBB), Nigeria Data Protection Commission (NDPC), for a week-long engagement in London from 23 to 28 November 2025.

The programme built on the UK–Nigeria Strategic Partnership’s pillars of economic development, governance reform, and technology cooperation, ensuring that both countries leverage digital innovation to drive inclusive growth and secured public services.

A statement on Wednesday by FCDA said for Nigeria, this engagement will inform the enhancement of NITDA’s IT Project Clearance, improve procurement efficiency, and embed global best practices in cybersecurity, digital and data governance of public digital services. This engagement reinforces the UK’s role as a trusted partner for Nigeria’s inclusive digital transformation journey as well as open access to the UK technology supply chain for the Nigerian market.

While delivering the opening remarks, Kashifu Inuwa Abduallahi, NITDA Director General represented by Dr Usman Gambo Abdulahi, the Director IT project Clearance Unit said: “At the heart of Nigeria’s reforms is our determination to improve government service delivery, reduce waste, strengthen cybersecurity, and build trust in public digital systems. Modernising the IT Projects Clearance process therefore is a key enabler to achieving this vision. I commend the UK’s FCDO through the Digital Access Programme for its consistent support to Nigeria’s digital transformation journey. I thank UK Government and its various departments for agreeing to share insights and expertise that will certainly strengthen our institutions and our nation’s governance capacity”.

The FCDO’s Director for International Science and Technology, Ros Eales, said:

“Nigeria is a key partner of the UK in the tech sector. Working with partner countries like Nigeria is to ensure that digital transformation works for all and is safe, secure, and sustainable. This becomes even more important in an era of rapid technological evolution, accelerated by AI, with all its benefits to reap and risks to manage.”

the British deputy high commissioner in Lagos, Jonny Baxter, said: “The UK is proud to stand as a key partner to Nigeria, leveraging our expertise to drive knowledge exchange in digital governance and institutional reform. This technical collaboration underscores our longstanding commitment to Nigeria’s digital transformation and to building strategic partnerships that deliver shared economic growth for both nations.”

Head of Digital Development in FCDO London, and global lead of the UK Digital Access programme (DAP), Alessandra Lustrati, presented the Digital Development Strategy 2024-2030 to the Nigerian delegation and highlighted the importance of supporting best practices in the digital transformation of government, to ensure digital services are accessible, open, and citizen-driven, within a safe and secure digital environment

UK, Nigeria Deepen Digital Cooperation Through Benchmarking and Knowledge Exchange

International

United Kingdom, Canada, Australia Launch Campaign Against Visa Fraud

Published

3 months ago

November 24, 2025

Ochuwa Ibrahim

United Kingdom, Canada, Australia Launch Campaign Against Visa Fraud

By: Michael Mike

The Diplomatic Missions of the United Kingdom, Canada and Australia have announced the launch of a coordinated international campaign to combat visa fraud and protect people from exploitation by fraudulent immigration facilitators.

According to a statement on Monday, the #FightingVisaFraud campaign was launched during International Fraud Awareness Week (16-22 November) and represents an unprecedented level of cooperation between the three countries to tackle a shared global threat that costs victims millions of pounds annually and puts vulnerable people at risk of exploitation, financial ruin and legal consequences.

The statement read: “Visa fraud and illegal immigration facilitation have reached alarming levels globally, with criminal networks using increasingly sophisticated tactics to deceive prospective visa applicants. Victims are often promised guaranteed visas, jobs without proper qualifications, or expedited processing in exchange for exorbitant fees. The reality is financial loss, visa refusals, travel bans and, in the worst cases, trafficking and exploitation.

“Our countries have identified common patterns of visa fraud affecting their immigration systems. This coordinated campaign demonstrates the three countries’ commitment to protecting legitimate visa applicants while maintaining the integrity of their immigration systems and secure borders.”

British High Commissioner to Nigeria, Dr. Richard Montgomery said: “Visa fraud destroys dreams and devastates families. Criminal facilitators prey on people’s legitimate aspirations for a better life, stealing their money and putting them at risk of serious harm. Through this joint campaign with our international partners, we are sending a clear message: use only official channels, verify all advice, and report suspicious activity. The UK welcomes legitimate visa applications through proper routes – but those who attempt fraud face serious consequences, including 10-year travel bans.”

Canadian High Commissioner to Nigeria, Mr. Pasquale Salvaggio added: “Canada is committed to working with our international partners to combat visa fraud and protect people from exploitation. This campaign reflects our shared values and determination to maintain fair, secure immigration systems while supporting those who seek to travel, study or work through legitimate pathways.”

The statement added: Our three countries urge prospective visa applicants to: Use only official government websites for visa information and applications; Verify immigration advisers are properly registered and regulated; Be suspicious of guarantees, no one can guarantee visa approval; Watch for warning signs including demands for excessive fees, pressure to pay quickly, promises of jobs without proper qualifications, or offers to bypass standard requirements; Report suspicious activity to the relevant authorities.

The statement advised applicants seeking legitimate information to visit: www.gov.uk/browse/visas-immigration (United Kingdom); immigration, Refugees and Citizenship Canada – Canada.ca (Canada)

The statement warned that people who attempt to obtain a visa through fraudulent means face serious consequences, including visa application refusal, travel bans of up to 10 years, financial loss with no recourse, criminal charges in some jurisdictions, and exploitation and trafficking risks, noting that the three countries’ immigration authorities work closely with law enforcement to investigate and prosecute visa fraud and illegal facilitation.

United Kingdom, Canada, Australia Launch Campaign Against Visa Fraud