November 2

AFEX Raises $26.5 Million to Address Food Security in Nigeria, Kenya, and Uganda

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announced a US$26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya, and Uganda and serves over 450,000 farmers. The investment will support structural improvements in Africa’s agricultural industry, which will significantly benefit smallholder farmers and lead to improvements in food security.

Photo courtesy of United Nations Development Programme.

Source: Farmers Review Africa (link opens in a new window)

Agriculture, Investing
food security, impact investing, smallholder farmers