International

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

Published

6 months 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

Chinese National Abducted in Durumi Abuja, as Kidnappers demand N300million ransom

Published

8 hours ago

April 19, 2025

Ochuwa Ibrahim

Chinese National Abducted in Durumi Abuja, as Kidnappers demand N300million ransom

By: Zagazola Makama

A suspected abduction occurred on April 18, 2025, when Mr. Yangi Ming, a Chinese national working at Panda Supermarket in Jabi, was reportedly abducted by unknown individuals.

Intelligence sources told Zagazola Makama that Mr Yangi Ming left his residence at Stargate Apartment in Durumi around 1700hrs and was last seen wearing brown shorts and a black polo shirt.

His sister, Aisha Pan, residing in Sharanda, Kano State, later received a ransom demand of ₦300 million, made from Yangi Ming’s mobile phone number.

Chinese National Abducted in Durumi Abuja, as Kidnappers demand N300million ransom

International

India-bound Siblings Arrested with Cocaine at Lagos Airport

Published

2 weeks ago

April 7, 2025

Ochuwa Ibrahim

India-bound Siblings Arrested with Cocaine at Lagos Airport

By: Michael Mike

Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested two siblings at the Murtala Muhammed International Airport, Lagos during a planned travel to India with 5 kilogrammes of cocaine.

The spokesman of the anti-narcotics agency, Femi Babafemi in a statement on Sunday said: “Operatives of a Special Operations Unit of the National Drug Law Enforcement Agency, NDLEA, have arrested two brothers: John Abugu, 43, and Kenneth Abugu, 31, at the Murtala Muhammed International Airport, MMIA Ikeja, Lagos with 5 kilogrammes cocaine concealed in walls of their suitcases while attempting to board a flight to India.”

He said the two brothers were arrested at the Lagos airport last Thursday following proactive processing of credible intelligence. He said they claimed they were travelling to India for medical treatment but when their suitcases were thoroughly searched by NDLEA officers, whitish powdery substances later confirmed to be cocaine were discovered on the walls of their bags.

Babafemi said in a similar development, NDLEA officers of the MMIA Strategic Command same day, Thursday intercepted a 20-year-old Ghanaian – British man, Parker Osei with 36 parcels of Loud, a strong strain of cannabis weighing 19.4 kilogrammes packed in a giant travelling bag. The suspect who claims he is a student of Computer Science at East London University, UK, was arrested during the inward clearance of passengers on an Ethiopian Airlines flight from Bangkok, Thailand, at the E-arrival hall of the Lagos airport.

In his statement, the techie claims he lives with his parents in the UK but left London about a week ago for Bangkok where he picked up the illicit drug consignment to deliver in Nigeria.

NDLEA operatives in Kogi state have arrested a 33-year-old woman, Ngozi Ogili while moving 3 kilogrammes of methamphetamine from Lagos to Abuja. She was nabbed in a commercial transport bus along Okene-Lokoja highway last Monday. Babafemi said a follow up operation at her point of delivery in Apo mechanic area of Abuja led to the seizure of quantities of Loud and Colorado, both synthetic strains of cannabis.

In Abia state, NDLEA officers on Saturday arrested a 75-year-old grandpa, Nnanna Felix with 1.6 kilogrammes skunk, a strain of cannabis during a raid at Umunteke Asa, Ukwa West local government area, while another suspect David Chinemerem, 21, was nabbed with 2,050 ampoules of pentazocine at 7 Nnajiego Lane, Umuode road, Aba last Tuesday.

No fewer than 381 bottles of codeine syrup and 108 tablets of tramadol were seized from a suspect, Abdullahi Adamu along Potiskum-Damaturu road, Yobe state by NDLEA operatives on Saturday, just as raid operations at Osogbo motor park, Onitsha and a house at Oba in Idemili Local Government Area of Anambra state led to the arrest of Obinna Sunday and the seizure of 195,000 pills of tramadol. Also arrested during the raid at the motor park was Ugochukwu Ojalanonye with 4.2 kilogrammes codeine syrup and 5.4kg pentazocine.

In the Federal Capital Territory, FCT, NDLEA operatives last Thursday arrested 51-year-old Sunday Ayogu with 25 kilogrammes skunk and 90.4 grammes of methamphetamine during a raid operation at Wuse market Abuja, while two women: Faith Etim, 64, and Victoria Etim, 40, were nabbed lasr Friday when NDLEA operatives supported by men of the Nigerian Army raided cannabis plantations in Esuk-Odot community, Odukpani local government area of Cross River State where 250,000 kilogrammes of the psychoactive plant were destroyed on over 100 hectares of farm land.

Babafemi said with the same vigour, commands and formations of the agency across the country continued their War Against Drug Abuse (WADA) sensitization activities to schools, worship centres, work places and communities among others in the past week.

Meanwhile, while commending the officers and men of MMIA, SOU, Yobe, Abia, Kogi, Anambra, Cross River and FCT commands of the agency for the arrests and seizures, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd) stated that their operational successes and those of their compatriots across the country especially their balanced approach to drug supply reduction and drug demand reduction efforts are well appreciated.

India-bound Siblings Arrested with Cocaine at Lagos Airport

International

UK Expresses Commitment to Restoration of Peace in Northeast

Published

1 month ago

March 18, 2025

Ochuwa Ibrahim

UK Expresses Commitment to Restoration of Peace in Northeast

By: Michael Mike

The United Kingdom has expressed its commitment to the restoration of peace, stability and sustainable solutions to the troubled Northeast region which has been bedeviled by insurgency.

The British Deputy High Commissioner, Gill Atkinson made the commitment on Monday when she paid a courtesy call on Borno State Governor Babagana Zulum in Maiduguri.

Atkinson who commended Zulum for his commitment to fighting insurgency in Borno, said: “On behalf of the British Government, I recognise the effort of His Excellency, the Governor, in tackling insurgency and supporting the people of Borno State, particularly aiming to secure a prosperous future for the people displaced by insurgency.

“I want to reaffirm the UK’s commitment to supporting peace, stability and sustainable solutions, particularly through the ongoing regional stabilisation facility.”

Responding, the Secretary to Borno State Government who received the Deputy High Commissioner on behalf of Governor Zulum, expressed appreciation to the UK Government for their partnership and support.

He said,: “With the UK Government to start with, we have quite a number of very strong partnerships. His Excellency appreciates it, and he specifically instructed me to convey the special message of appreciation.”

The meeting was attended by the Commissioner for Environment, Engr Emet Kois, Education, Engr Lawan Abba Wakilbe, Work and Housing, Engr Mustapha Gubio, Transport and Energy, Aliyu Mohammed Bamanga and Inter-Governmental and Special Duties, Tukur Shani.

Others in attendance include Special Adviser on Security to the Governor, Abdullahi Ishaq, the Senior Technical Assistant, Political, to the Governor, Alhaji Tahiru Shettima, Permanent Secretary of political and cabinet, Danjuma Ali, and the Executive Secretary of Borno State Agency for Coordination of Sustainable Development and Humanitarian Response (BOACSDHR), Babakura Mamman Gadai.

UK Expresses Commitment to Restoration of Peace in Northeast