Connect with us

International

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

Published

on

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

International

Venezuela Solidarity Group Urges U.S. to Lift Sanctions After Deadly Earthquakes

Published

on

Venezuela Solidarity Group Urges U.S. to Lift Sanctions After Deadly Earthquakes

By: Michael Mike

The Venezuela Solidarity Campaign in Nigeria (VSCN) has called for the immediate and unconditional lifting of United States sanctions on Venezuela, arguing that the restrictions are hampering humanitarian relief and reconstruction efforts following devastating twin earthquakes that reportedly killed more than 2,000 people and displaced over 50,000 others.

In a statement issued on Sunday and signed by its coordinator, Comrade Dimeji Macaulay, the group expressed solidarity with the Venezuelan people and the Bolivarian Government, describing the earthquakes as a humanitarian tragedy that has left widespread destruction of homes, hospitals, schools, roads and other critical infrastructure.

The organisation extended condolences to families of the victims and praised what it described as the resilience of the Venezuelan people in confronting the disaster despite years of economic hardship.

According to the VSCN, the U.S. sanctions have weakened Venezuela’s capacity to respond effectively to the emergency by limiting access to financial resources and restricting the importation of medicines, equipment, technology and other essential materials.

The group maintained that maintaining the sanctions during a humanitarian crisis amounts to collective punishment against ordinary citizens and called for their permanent removal to facilitate relief operations and long-term reconstruction.

“There can be no moral or legal justification for maintaining an economic blockade against a country struggling to save lives and rebuild after a devastating natural disaster,” the statement said, adding that every day the sanctions remain in force prolongs the suffering of the Venezuelan people.

The campaign also urged the Federal Government of Nigeria to publicly support the removal of the sanctions, strengthen diplomatic relations with Venezuela and contribute to international humanitarian efforts for victims of the disaster.

It further appealed to the African Union to reject unilateral coercive measures, describing them as violations of international law, while calling on African countries to support Venezuela’s recovery.

The group equally called on the United Nations to intensify humanitarian assistance and ensure that sanctions do not obstruct emergency relief operations or reconstruction programmes.

Beyond governments and international organisations, the VSCN appealed to trade unions, youth organisations, civil society groups and progressive political movements across Africa and the wider international community to demonstrate solidarity with Venezuela by opposing what it described as economic warfare and supporting the country’s right to determine its future without external interference.

Reaffirming its commitment to the Venezuelan cause, the organisation said it would continue campaigning until the sanctions are lifted, insisting that Venezuela’s recovery should not be hindered by external political considerations

Venezuela Solidarity Group Urges U.S. to Lift Sanctions After Deadly Earthquakes

Continue Reading

International

Navigating The Deadlock: AU’s Strategic Options for Sudan’s Reinstatement

Published

on

Navigating The Deadlock: AU’s Strategic Options for Sudan’s Reinstatement

By: Dr Sami Abdelhalim Saeed

Following the military coup in Sudan on October 25th, 2021, led by General Abdel Fattah al-Burhan, the Commander-in-Chief of the Sudan Armed Forces (SAF), who dissolved the transitional government and declared a state of emergency, the African Union (AU) suspended Sudan’s membership on October 27, 2021.

As of February 2026, the AU Peace and Security Council (PSC) has reaffirmed that the suspension remains in effect until a democratic transitional government is restored in the country. The AU faces a critical challenge as it seeks to balance its policy of “Zero Tolerance” against Unconstitutional Changes of Government with the urgent and pressing needs of the continent’s peace and security.

As AU-PSC considers a spectrum of diplomatic strategies, from strict compliance to constitutional frameworks and pragmatic, incremental normalisation with the de facto government, the status of Sudan’s membership is a pivotal test of the AU’s capacity to uphold its core principles amid a profound internal armed conflict and humanitarian crisis.

Given the importance of peace and the maintenance of constitutionalism in Sudan, this article offers alternatives for policymakers at the national and AU levels. It draws on the case of Sudan to inform policy reforms, with a focus on political pragmatism.
Principles vs. Pragmatism Maintaining Sudan’s suspension upholds the AU’s principles but limits its capacity for effective peacebuilding.

This isolation creates a strategic dilemma, as the AU-PSC loses influence on other mediation efforts and lacks sufficient on-the-ground monitoring. Similar challenges have occurred in Mali, where the AU’s focus on constitutionalism has conflicted with broader peace and security goals. By excluding Sudan’s de facto authorities, the AU cannot facilitate inclusive dialogue or coordinate regional security efforts, thereby prioritising constitutional principles over practical mediation.

The worsening humanitarian crisis in Sudan is increasing instability across the already fragile sub-Saharan region. The African Union’s peacebuilding strategy for Sudan remains unclear. Although the AU has engaged diplomatically with the de facto government, these efforts have not eased the ongoing humanitarian emergency.

AU’s Options to Restore Sudan’s Membership
The AU has several distinct options for navigating the restoration of Sudan’s membership while balancing legal mandates with regional stability.

First, the AU’s PSC upholds the principles of the USG, ACDEG, and the Lomé Declaration, applies a step-by-step approach to diplomacy, and limits Sudan’s membership to technical committees. To restore its membership in the AU, Sudan must adhere to the AU’s “Zero Tolerance” policy for Unconstitutional Changes of Government (UCG).

In fact, this is the current situation as the Council applied this option at its February 2026 meeting. The AU demands an immediate and permanent ceasefire between the SAF and RSF, followed by an inclusive, Sudanese-led national dialogue to establish a civilian transitional authority.

This approach rejects legitimising the 2021 military coup and recognises the current government in Port Sudan as a de facto authority, aligning with the United Nations’ stance.

The AU’s PSC strongly condemned the role of the national military in the ongoing human rights violations and confirmed that Sudan’s suspension will remain in place until a democratic transitional authority is restored in the country. Although Sudan’s Prime Minister Kamil Idris proposed a ceasefire monitored by the UN, the AU, and the Arab League, the AU rejected the proposal because it did not include a process to establish a civilian-led government.

Second, the AU might establish formal procedures to legitimise Sudan’s current military leadership. In such an attempt, the organisation might consider a strategy similar to its reinstatement of Egypt’s membership in June 2014, following the 2013 military coup against President Mohamed Mursi.

In Egypt’s case, the suspension was lifted after a transitional roadmap, including a new constitution and scheduled elections, which were deemed sufficient to restore constitutional order. This precedent may help Sudan persuade the AU to restore its membership. However, criticised the AU’s decision regarding Egypt as overly lenient and primarily focused on maintaining stability for a major member state.

The AU may find this approach preferable, as it upholds constitutional standards in Africa while addressing peacebuilding and security. However, the situation in Sudan remains a major security challenge in the Horn of Africa, sub-Saharan Africa and Central Africa.

The African Union’s decision to readmit Egypt in 2014 was widely criticised, with some arguing that it prioritised political interests over democratic development. Additionally, this option to legalise the current military leadership in Sudan faces legal obstacles, including Article 25(4) of ACDEG, which provides that coup perpetrators cannot participate in elections to restore constitutional order.

Third, the AU’s PSC may engage in international peace initiatives for Sudan, including those led by the United States or mandated by the United Nations Security Council, as exemplified by the United Nations-African Union Mission in Darfur (UNAMID) under United Nations Security Council Resolution (UNSCR) 1769 (2007). In these contexts, AU functions as a regional actor facilitating the implementation of peace processes.

This role may require adjustments to the AU’s legal framework to uphold international peace and security better. The AU may also condition its involvement in political settlements by employing a step-by-step strategy. This approach entails negotiating agreements in which military leaders commit to relinquishing power.

Such a strategy enables concurrent advancement toward both peace and democratic governance.
The AU continues to navigate a complex path between upholding its foundational anti-coup framework and the practical necessity of regional mediation. While the “step-by-step” strategy and informal consultations allow the AU to maintain a degree of diplomatic influence, the ongoing suspension of Sudan reflects a steadfast commitment to the principles of the Lomé Declaration and the ACDEG. Ultimately, the restoration of Sudan’s membership will likely depend on an inclusive transitional framework that addresses both peace and democracy, ensuring a verifiable return to constitutional, civilian-led governance as a prerequisite for full reinstatement.

As a Chatham House report indicates, Sudan under warlords is not only a humanitarian catastrophe and a high risk to the Horn of Africa and the Sub-Saharan region, but also a defining test for the AU and its obligation to uphold the principles of constitutional order and civilian protection. As violence escalates across the country, failure to act decisively risks furthering Sudan’s fragmentation. It would also be a damning indictment of the AU’s capacity to respond when African lives are in peril.

In conclusion, the AU stands at a critical juncture where the cost of inaction may soon outweigh the price of political settlement. The internal armed conflict in Sudan is no longer merely a civil war and a competition for power, but a fundamental challenge to the AU’s institutional identity and its “African solutions to African problems” notion. To break the current deadlock, the AU must move beyond the binary of strict suspension or unconditional recognition.

By adopting a pragmatic roadmap that treats humanitarian access and security coordination as an immediate priority while holding civilian-led governance as the non-negotiable finish line, the AU can reclaim its role as a decisive mediator. Sudan’s path back to the AU will be found only through an innovative approach and a reinvigorated policy that proves the continent’s leading organisation can maintain its constitutional principles while protecting the lives of Africans.

Dr Sami Abdelhalim Saeed is an African constitutional expert and rule-of-law scholar with over 15 years of experience advising United Nations missions on peacebuilding and legal reforms in post-conflict environments.

Navigating The Deadlock: AU’s Strategic Options for Sudan’s Reinstatement

Continue Reading

International

Cuba Condemns U.S. Accusation Against Raúl Castro, Defends 1996 Airspace Action

Published

on

Cuba Condemns U.S. Accusation Against Raúl Castro, Defends 1996 Airspace Action

By: Michael Mike

The government of Cuba has strongly condemned what it described as a “despicable accusation” by the United States Department of Justice against former Cuban leader Raúl Castro, escalating tensions between Havana and Washington over a decades-old incident involving the downing of two civilian aircraft.

In a statement issued Wednesday by the Cuban Revolutionary Government in Havana, authorities rejected the reported U.S. legal action announced on May 20, saying Washington lacked both “legitimacy and jurisdiction” to accuse Castro over the February 1996 incident involving aircraft operated by the Miami-based anti-Castro group Brothers to the Rescue.

The Cuban government argued that the aircraft had repeatedly violated Cuban airspace in the years leading up to the incident and maintained that the response by Cuban forces constituted an act of “legitimate self-defense” under international law.

The controversy centers on the 1996 shootdown of two Brothers to the Rescue planes by Cuban fighter jets, an incident that killed four people and triggered international condemnation at the time. The aircraft were reportedly engaged in missions linked to Cuban exile activism and humanitarian operations.

In its latest statement, Havana said the United States ignored repeated warnings and formal complaints made by Cuba between 1994 and 1996 to U.S. authorities, including the State Department, the Federal Aviation Administration and the International Civil Aviation Organization, over alleged incursions into Cuban airspace.

Cuba accused Washington of distorting the historical record and overlooking what it described as more than 25 deliberate violations of Cuban airspace by the organization during that period.

The statement further claimed that U.S. authorities failed to act despite warnings from Cuba about the potential consequences of continued flights near or over Cuban territory.

Havana also criticized what it called the “double standards” of the United States on issues of sovereignty and national security, arguing that Washington itself would not tolerate unauthorized foreign aircraft entering its airspace under hostile circumstances.

The Cuban government additionally linked the accusation against Castro to broader U.S. sanctions and longstanding hostility toward the communist-led island, describing American measures against Cuba as “collective punishment” and an “energy blockade.”

Relations between the United States and Cuba have remained strained for decades, shaped by political tensions dating back to the 1959 Cuban Revolution led by Fidel Castro. Although there have been intermittent efforts at diplomatic rapprochement, disputes over human rights, sanctions, migration and security issues continue to complicate bilateral ties.

The United States authorities had not immediately issued a detailed public response to Cuba’s latest statement as of Wednesday evening.

Cuba concluded its statement by reaffirming support for Raúl Castro and reiterating its commitment to defending the country’s sovereignty and socialist system.

Cuba Condemns U.S. Accusation Against Raúl Castro, Defends 1996 Airspace Action

Continue Reading

Trending

Verified by MonsterInsights