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

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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.

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Israeli envoy expresses sympathy to innocent victims of war with Hamas

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Israeli envoy expresses sympathy to innocent victims of war with Hamas

By: Michael Mike

Israeli Ambassador to Nigeria, Michael Freeman has expressed sympathy for the innocent souls that died in the war with Hamas.

Freeman expressed his sympathy on Sunday on the occasion commemorating the 2nd year memorial of the war with Hamas.

He said:”Friends, as we remember the victims of October 7, we also express sympathy for the innocent Palestinians who have lost their lives in this war—a war Israel never wanted, a war Israel never started – a war that was forced upon us.

“We grieve for every innocent soul, because we value life—all life.”

The envoy insisted that they are not foreigners and neither did they colonise the land.

He said: “We are not foreigners in Israel, we did not colonize the land of Israel; we returned to it. Jews have lived in Jerusalem, Tiberias, Hebron, Tsfat and every part of our land for over 3,000 years. Through exile and dispersion, we prayed toward Jerusalem, and we remembered Jerusalem at every wedding, every festival, and at every dinner table.

“We revived our language, planted forests, gathered exiles, welcomed survivors, and built a modern technology-based economy in a nation reborn.

“Israel was not created because of the Holocaust. It was created in spite of it.”

He stressed that: “Israel is not built on pity. Israel is built on courage, on faith, on history.

“And today, “Never Again” is not just a slogan. It is the Iron Dome that protects children in Sderot. It is the Israeli pilot in the sky. It is the 18-year-old girl in olive uniform, standing guard so that our children can sleep at night.”

He also expressed gratitude to President Donald Trump of the United States “for his steadfast support, his courage in recognizing truths others ignored, and his unique efforts in bringing our hostages home and helping to finally end this war.”

Highlights of the evening were virtual testimonies of survival of the October 7 2023 attack.

Israeli envoy expresses sympathy to innocent victims of war with Hamas

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Israeli Embassy Celebrates Release of 20 Hostages by Hamas

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Israeli Embassy Celebrates Release of 20 Hostages by Hamas

By: Michael Mike

The Embassy of Israel in Nigeria has celebrated the 20 Israeli hostages who have finally returned home after 738 days of being held hostage by Hamas.

The embassy in a statement on Monday by the Ambassador of Israel to Nigeria, Michael Freeman said “the Embassy of Israel in Nigeria joins the people of Israel, the global Jewish community, and all people of goodwill in celebrating the release of 20 Israeli hostages who have finally returned home after 738 harrowing days in captivity under the evil terror organization Hamas.

“This long-awaited moment is one of profound relief, national unity, and moral victory. It reminds the world of Israel’s enduring commitment to the sanctity of life and to the defense of its citizens against terror and tyranny.”

The statement added that: “From the beginning, Israel has made clear: Israel did not want this war and did not start it. The conflict began two years ago, on October 7th, 2023, a sacred Jewish holiday, when thousands of Hamas terrorists invaded Israel, committing acts of unimaginable cruelty — murdering, torturing, raping, and burning alive innocent Israelis in their homes and at a peaceful music festival.

“Since that day, Hamas has brought unimaginable suffering not only to Israel but to the people of Gaza, deliberately using civilians as human shields, hiding in and beneath mosques, schools, and hospitals, and turning homes into arsenals of terror. Their crimes have violated every moral, human, and legalprinciple.

“For two years, Israel has faced lies, distortions, and blood libels — false and immoral accusations of deliberate starvation and genocide — while defending its citizens and seeking the return of its kidnapped sons and daughters. Israel has acted with moral clarity, guided by international law, and motivated by a deep moral commitment to protect life, even as its enemies sought to pervert truth and justice.
Today, Israel celebrates the return of its people — and looks forward to the dawn of peace and stability in the region.”

Freeman said: “Today, we welcome home the 20 living hostages who have endured the unendurable. We give thanks for their survival, and we pray for their healing. We remember with broken hearts those who did not make it home, and we renew our commitment to bring back the bodies of the 28 remaining hostages who were murdered by Hamas.
 
“Israel did not seek this war. It was forced upon us by terror, hatred, and darkness. But after 738 days, we also see light — the light of freedom, the light of truth, and the light of hope.

“As Israel has always said, the release of the hostages will bring the end of the war.
The end of this war must bring an end to Hamas’s reign of terror, and open the door to a future of security, dignity, and coexistence — for Israelis and Palestinians alike.

“We extend our deepest gratitude to President Donald J. Trump, whose steadfast leadership, moral clarity, and tireless diplomacy played an instrumental role in bringing our hostages home and in advancing peace in the Middle East. His friendship with Israel and his courage in standing with the Israeli people will never be forgotten.”

Israeli Embassy Celebrates Release of 20 Hostages by Hamas

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Several Common Fallacies on the Taiwan Question

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Several Common Fallacies on the Taiwan Question

By: Ambassador Yu Dunhai

The 80th session of the United Nations General Assembly recently concluded successfully. This was a session of special significance, as it marks the 80th anniversary of the victory in the global anti-fascist war and the establishment of the United Nations.

Over the past 80 years, the UN has become the most universal, representative and authoritative intergovernmental international organization, with the UN-centered international system widely supported by the international community.

Eighty years ago, defeated Japan returned Taiwan to China, which was an indisputable outcome of the global anti-fascist war and a crucial part of the post-war international order. Currently, the Taiwan Democratic Progressive Party (DPP) authorities stubbornly adopt a separatist policy seeking “Taiwan independence” , while a small number of countries claim that China’s sovereignty over Taiwan has not been established, openly challenging the authority of the UN and the post-war international order. To clarify the facts and set the record straight, I feel obligated to address several common fallacies on the Taiwan Question.

Fallacy 1: “The two sides of the Taiwan Strait are not subordinate to each other.”
Taiwan has belonged to China since ancient times, with clear historical and legal foundations. Numerous historical records and documents detail the early development of Taiwan by the Chinese people.

As early as the 12th century, the Chinese government established administrative institutions and exercised jurisdiction in Taiwan. In 1895, Japan forced the Qing government to cede Taiwan and the Penghu Islands to Japan through war. In 1943, the Cairo Declaration issued by China, the United States and the United Kingdom stipulated that all the territories seized by Japan including Taiwan must be returned to China.

In 1945, the Potsdam Proclamation issued by China, the United States, the United Kingdom and the Soviet Union reaffirmed that the terms of the Cairo Declaration must be implemented. In August of that year, Japan accepted the Potsdam Proclamation and signed the Instrument of Surrender in September, pledging to “faithfully fulfill the obligations laid down in the Potsdam Proclamation.”

Through a series of internationally legally binding documents, China recovered Taiwan both legally and in fact. Although the two sides of the Taiwan Strait have not yet achieved complete reunification, the fact that both the mainland of China and Taiwan belong to one China and that Taiwan is an inalienable part of China has never changed and cannot be changed. This is the true status quo of the Taiwan Strait. Taiwan has never been a country, nor will it ever be in the future.

Fallacy 2: “China’s sovereignty over Taiwan has not been established.”

Shortly after the victory in the War of Resistance Against Japan in 1945, the Nationalist government led by Chiang Kai-shek launched a civil war. Under the leadership of the Communist Party of China, the Chinese people won the civil war, ultimately overthrowing the “Republic of China” government led by Chiang Kai-shek. Some members of the Nationalist regime retreated to Taiwan, and with interference from external forces, the two sides of the Taiwan Strait entered a prolonged state of political confrontation.

On October 1, 1949, the Central People’s Government of the People’s Republic of China (PRC) was established, and the PRC government became the sole legitimate government of China. This was a change of government within the same international legal entity of China, with no change to China’s sovereignty or inherent territory. The PRC government naturally enjoys and exercises China’s sovereignty in full, including sovereignty over Taiwan.
Fallacy 3: “UN General Assembly Resolution 2758 does not establish the One-China principle.”

Resolution 2758 fully embodies the One-China principle. On August 20, 1971, before the resolution was put to a vote, the Chinese government issued a statement emphasizing: “There are not two Chinas in the world; there is only one China, the People’s Republic of China. Taiwan is an inalienable part of Chinese territory and a province of China, which was returned to the motherland at the end of World War II. This is an indisputable fact.”

On October 25, 1971, the 26th session of the UN General Assembly adopted Resolution 2758, which decided to “restore all the rights of the People’s Republic of China, recognize the representatives of its government as the only legitimate representatives of China to the United Nations, and expel forthwith the representatives of Chiang Kai-shek from the place which they unlawfully occupy at the United Nations and in all the organizations related to it.”

Resolution 2758 politically affirmed and consolidated the One-China principle: there is only one China in the world, Taiwan is a part of China, and the PRC government is the sole legitimate government representing all of China. Following the resolution’s adoption, UN official documents consistently refer to Taiwan as “Taiwan, Province of China.” These facts are indisputable and unchallengeable.
Fallacy 4: “UN General Assembly Resolution 2758 does not determine Taiwan’s status.”

Resolution 2758 and the One-China principle that the Resolution embodies impose universal binding force on all subjects of the international community through the UN Charter, bilateral diplomatic treaties, and fundamental principles of international law.
In diplomatic practice, the resolution’s authority is reflected in the correct Taiwan-related positions, policies, and actions of the UN General Assembly, UN specialized agencies and many UN member states.

These collectively form an important international legal and moral foundation for handling Taiwan-related questions. The One-China principle, framework, consensus and related institutional arrangements supported by the resolution have become principles and common knowledge followed by all countries, as well as a solemn commitment by countries with diplomatic relations to respect China’s sovereignty and territorial integrity.

The claim by a few countries that “Taiwan’s status is undetermined” challenges the authority of the UN, defies the post-war international order, and is an absurd and dangerous attempt to reverse history.
Fallacy 5: “Now is the time for the UN to recognize Taiwan.”

According to Resolution 2758, China’s representation in the UN naturally includes Taiwan as part of the whole of China. This is entirely consistent with the international legal principle that “one sovereign state can only be represented by one central government.” There is only one seat for China in the UN, and the PRC government is the sole legitimate representative of China in the UN. There is no issue of “two Chinas” or “one China, one Taiwan.”

The Taiwan authorities have repeatedly pushed for farcical attempts to achieve “meaningful participation” or “re-entry” into the UN, trying to challenge the authority of Resolution 2758, but all ended up in failure.

Resolution 2758 clarifies that “China” in the UN Charter refers to the People’s Republic of China, imposing an obligation on all UN member states to avoid raising the so-called issue of Taiwan’s representation in the UN system. Taiwan has no basis, reason or right to participate in the UN or other international organizations exclusive to sovereign states. On this matter of principle, there is no gray area or room for ambiguity.

The One-China principle has become an international consensus, with 183 countries including Nigeria, establishing diplomatic relations with China based on this principle. In 1971, when China and Nigeria established diplomatic relations, Nigeria solemnly pledged in the Joint Communiqué: “The Government of the Federal Republic of Nigeria recognizes the Government of the People’s Republic of China as the sole legitimate government representing the entire Chinese people.” Since then, the One-China principle has been firmly supported by successive Nigerian governments, serving as the cornerstone for the healthy and stable development of China-Nigeria relations.

The Nigerian government requested the Taiwan authorities to relocate its trade office to Lagos from Abuja in 2017, strictly restricted official interactions between Nigerian government officials and Taiwan, and reiterated that the Taipei trade office in Nigeria is a non-diplomatic commercial entity that does not represent any government.

In September 2024, during President Bola Ahmed Tinubu’s state visit to China, Nigeria reiterated in the Joint Statement: “Nigeria firmly adheres to the One-China principle, recognizes that there is only one China in the world, that the Government of the People’s Republic of China is the sole legitimate government representing the whole of China, and that Taiwan is an inalienable part of Chinese territory. Nigeria opposes any form of ‘Taiwan independence,’ opposes interference in China’s internal affairs, and firmly supports the Chinese government’s efforts to achieve national reunification.”

China highly appreciates the Nigerian government’s firm stance on the Taiwan Question. Nigeria’s political resolve and firm stance align with the fundamental interests of the Nigerian nation and people, the purposes and principles of the UN Charter, and the global landscape of one China.

Currently, the China-Nigeria comprehensive strategic partnership continues to deepen, with friendly cooperation becoming a model for China-Africa cooperation and Global South collaboration. China is willing to strengthen strategic communication and practical cooperation with Nigeria, promote the early implementation of a zero-tariff policy for 100% of tariff lines on products, enhance collaboration under the framework of Global Governance Initiative, and jointly build a China-Nigeria community with a shared future.

We hope that all peace-loving countries and peoples will stand on the side of historical justice, uphold the purposes and principles of the UN Charter, safeguard the authority of UN General Assembly Resolution 2758, firmly oppose the deliberate distortions by the Taiwan authorities and a few countries, and take concrete actions to support the Chinese people’s just cause of defending national sovereignty and territorial integrity and achieving national reunification.

Several Common Fallacies on the Taiwan Question

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