Reshaping the Landscape — Our Survival Story in 2018

by Ayodeji Balogun, CEO AFEX

Unlocking Nigeria’s Agricultural Potential

Two partnerships helped us through the recovery period. One was with OCP AFRICA — We built a great and high impact project together — #Agribooster and made good friends too. Akin Akinwande and Caleb Usoh were cool guys to work with. Caleb not so cool when you are owing to him money but still a great leader and a hyper-objective business person. Sometimes I feel a part of him was made by Dutch. Akin was the good-cop. Big thinker, super smart, and extremely passionate about the sector.

  • Separate AFEX Nigeria’s ownership
  • Have a trading business and an exchange

A November to Remember

Two important meetings happened in November 2018. One in Nairobi, and the other in Lagos. Jendayi met with the President of Alliance for a Green Revolution in Africa (AGRA) and they discussed how to close a partnership we had been negotiating for a year. Ones Karuho, Ph.D. came to the rescue! He closed Project Mainoma that has now reached over 100,000 farmers in Kaduna State.

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This is the fifth part of an ongoing series on Building AFEX. Please click other stories in the series if you would like to get the whole view.

AFEX Beginnings — Saying Yes and Other Stories



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AFEX’s infrastructure and platforms drive capital to build a trust economy in Africa’s commodity markets.