Close Menu
    What's Hot

    Kenya Trade Pivots: Asian Imports Surge While Intra-Africa Trade Stalls

    July 14, 2025

    Algeria Deepens Intra-African Trade Ties Ahead of Landmark Marketplace Launch

    July 11, 2025

    Transport Evolution Africa 2025 Champions Green Mobility & Inclusive Trade Corridors

    July 9, 2025
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Salpha Energy Secures $1.3M to Expand Nigeria’s Solar Manufacturing Capacity

      June 6, 2025

      South Africa – Infrastructure Overhaul Set to Boost Transport and Trade

      May 16, 2025

      Navigating Challenges in the African Air Cargo Industry

      March 5, 2025
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Kenya Trade Pivots: Asian Imports Surge While Intra-Africa Trade Stalls

      July 14, 2025

      Algeria Deepens Intra-African Trade Ties Ahead of Landmark Marketplace Launch

      July 11, 2025

      Egypt’s Swypex Launches Approval‑Based Spend‑Control Card for SMEs

      July 7, 2025
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      DP World and Nedbank Elevate Trade Finance in Africa

      Finance Trade September 18, 2024
      Recent

      DP World and Nedbank Elevate Trade Finance in Africa

      September 18, 2024

      Arab Coordination Group commits $50 billion for Africa’s sustainable development

      November 13, 2023

      MENAT to see investment flows increase substantially

      September 4, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Trade

    AFEX and GCX forge partnership to enhance cross-border commodities trading

    August 28, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    AFEX
    AFEX and GCX aim to enhance cross-border trade, drive market integration and elevate best practices across the industry
    Share
    Facebook Twitter LinkedIn Pinterest Email

    AFEX and GCX aim to revolutionize the agricultural industry.

    In a significant stride towards transforming the agricultural sector, leading commodities exchange platform AFEX has entered into a strategic Memorandum of Understanding (MoU) with the Ghana Commodities Exchange (GCX). This partnership marks a pivotal milestone in the journey towards seamless cross-border trade and integration in Africa’s commodity trading space.

    AFEX and GCX – Enhancing trade efficiency

    The signing ceremony took place at AFEX’s headquarters in Abuja, with Mrs. Tucci Ivowi, CEO of GCX, and Akinyinka Akintunde, President/CEO of AFEX Nigeria, formalizing the collaboration. The MoU underscores the shared commitment of AFEX and GCX to not only enhance cross-border trade but also drive market integration and elevate best practices across the industry.

    Empowering farmers and traders

    Ivowi, speaking about the partnership, 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 a 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.”

    Elevating quality standards and fortifying market infrastructure

    Akintunde, expressed enthusiasm about the partnership, saying, “We 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.”

    Advancing Pan-African expansion and regional trade integration

    Since its expansion into Kenya and Uganda in recent years, AFEX has been steadfast in its strategic Pan-African expansion mission. The company is determined to establish a presence in eight African countries by 2023. This goal aligns with the objectives of the African Continental Free Trade Area (AFCFTA) to boost regional trade integration. The partnership between AFEX and GCX contributes significantly to the realization of these objectives.

    The signing of the MoU between AFEX and GCX signifies a crucial step towards consistent standards and collaborative models in Africa’s commodity trading landscape. The foundation laid by this partnership has the potential to be replicated across the continent, further enhancing trade efficiency and market integration.

    For more trade news, visit our dedicated archives.

    AFEX agriculture Commodities GCX trade
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleBRICS announces expansion with African and GCC nations joining
    Next Article TFR and CFM extend commodity transport agreement

    Related Posts

    Business & Trade Trade

    Kenya Trade Pivots: Asian Imports Surge While Intra-Africa Trade Stalls

    July 14, 2025
    Business & Trade Trade

    Algeria Deepens Intra-African Trade Ties Ahead of Landmark Marketplace Launch

    July 11, 2025
    Logistics Trade

    Transport Evolution Africa 2025 Champions Green Mobility & Inclusive Trade Corridors

    July 9, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    LATEST STORIES

    Kenya Trade Pivots: Asian Imports Surge While Intra-Africa Trade Stalls

    July 14, 2025

    Algeria Deepens Intra-African Trade Ties Ahead of Landmark Marketplace Launch

    July 11, 2025

    Transport Evolution Africa 2025 Champions Green Mobility & Inclusive Trade Corridors

    July 9, 2025

    Egypt’s Swypex Launches Approval‑Based Spend‑Control Card for SMEs

    July 7, 2025

    Ghana’s Complete Farmer Secures $2.5M from EU-Funded AgriFI Facility

    July 4, 2025
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.