AFEX, Africa’s commodities market player which secured first place in the Financial Times (FT) ranking of Africa’s Fastest-Growing Companies in 2023 has announced plans to expand into 7 new African countries.
The move comes after the company appeared on the inaugural list last year.AFEX has now doubled in revenue and expanded operations into East Africa, having financed over 450,000 farmers and traded 526,850 metric tonnes of commodities in Nigeria, Kenya and Uganda. Last year, AFEX ranked third on the overall FT Africa list while emerging as the fastest-growing in Nigeria and first in Africa’s Agriculture & Commodities category.
The MD AFEX Fair Trade Limited Kenya, Tabitha Njuguna, said, “Being recognised as the fastest growing African company soon after our expansion into Kenya and Uganda is a fantastic boost as we continue to solidify our team and impact farmers in the East African market. AFEX Fair Trade Limited aims to impact 100,000 farmers in…
