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In a bid to achieve Africa’s target of $450 billion income through export, AFEX has signed a Memorandum of Understanding with Ghana Commodities Exchange (GCX), to boost  cross border commodity trading ecosystem across Nigeria and Ghana.

The MoU signing, took  yesterday place in Abuja.

Speaking at the ceremony the Chief Executive, Ghana Commodities Exchange, Mrs. Tucci Ivowi, said “Since 2017, the GCX has been committed to improving the livelihood of smallholder farmers, and this partnership with AFEX is an extension of our commitment to drive transformative change in the agriculture sector. This is significant step towards realising our shared vision of seamless market integration in Africa’s commodity trading space, and together, we will not only enhance commodities trading and market infrastructure, but also empower farmers and traders through capacity building.” 

The  President/Chief Executive, AFEX Nigeria, Akinyinka Akintunde, expressed hope that the partnership would intensify export development and diversification.

He said  exchange wants to work with the exchange  to  promote regional integration and trade competitiveness. He emphasised “We at AFEX are elated to announce this momentous MoU signing, which reflects our resolute commitment to revolutionize the agricultural landscape. Through this strategic partnership, we will set new benchmarks in quality standards, and fortify market infrastructure. Our joint efforts will not only amplify market liquidity but also empower stakeholders and unlock value for Nigeria and Ghana’s value chain.”