{"id":2796,"date":"2022-02-01T11:10:00","date_gmt":"2022-02-01T10:10:00","guid":{"rendered":"https:\/\/ancstockinvestments.com\/blog\/?p=2796"},"modified":"2022-02-01T11:11:31","modified_gmt":"2022-02-01T10:11:31","slug":"nigerias-afex-opens-second-round-240m-funding-series","status":"publish","type":"post","link":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/","title":{"rendered":"Nigeria\u2019s AFEX Opens Second Round of $240M Funding Series to Strengthen Africa\u2019s Agro Sector"},"content":{"rendered":"\n<p>Nigeria&#8217;s leading commodities market player and the country&#8217;s first private sector commodities exchange, AFEX (Africa Exchange) has announced the reopening of its $240 million (\u20a6100 billion) Asset-Backed Commercial Paper (ABCP).\u00a0<\/p>\n\n\n\n<p>The aim is to help stabilize Nigeria&#8217;s agriculture sector by offering agro-processors low-cost financing to bridge the funding gap between lenders and borrowers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"683\" data-src=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-2--1024x683.jpg\" alt=\"\" class=\"wp-image-2799 lazyload\" data-srcset=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-2--1024x683.jpg 1024w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-2--300x200.jpg 300w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-2--768x512.jpg 768w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-2--1536x1024.jpg 1536w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-2--1200x800.jpg 1200w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-2-.jpg 1773w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/683;\" \/><\/figure>\n\n\n\n<p>The new funding, AFEX&#8217;s second in a three-year Commercial Paper program that started in Q4 2021, where $65 million (\u20a627 billion) was raised, seeks to raise an additional $175 million (\u20a673 billion) for processors unable to borrow in the commercial paper markets.&nbsp;<\/p>\n\n\n\n<p>AFEX is improving the efficiency of commodity trading and enabling the broader capital market to tap into the African commodities sector. The ABCP is a short-term debt instrument typically providing investors with a competitive 15% return on their investment, and maturity is up to 270 days.\u00a0<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Also Read: <a href=\"https:\/\/ancstockinvestments.com\/blog\/2020\/10\/12\/three-startups-emerge-winners-2020-anc-startup-accelerator\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Three Startups Emerge Winners of the 2020 ANC Startup Accelerator (opens in a new tab)\">Three Startups Emerge Winners of the 2020 ANC Startup Accelerator<\/a><\/h5>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How AFEX tackles Africa\u2019s food security issues<\/strong><\/h2>\n\n\n\n<p>Agriculture remains one of the most important economic sectors for the continent, employing the majority of the population and accounting for <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/oxfordbusinessgroup.com\/blog\/souhir-mzali\/focus-reports\/agriculture-africa-2019-special-report\" target=\"_blank\">14% of GDP in sub-Saharan Africa<\/a>. Yet, many African economies struggle with food security issues due to the gap between supply and demand.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"683\" data-src=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-1-1024x683-1.jpg\" alt=\"\" class=\"wp-image-2800 lazyload\" data-srcset=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-1-1024x683-1.jpg 1024w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-1-1024x683-1-300x200.jpg 300w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-Image-1-1024x683-1-768x512.jpg 768w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/683;\" \/><\/figure>\n\n\n\n<p>While banks or other financial institutions typically issue the security itself, the ABCP Notes are sponsored by AFEX Commodities Exchange and the proceeds of the issuance will be used by AFEX Investment Limited to provide pre-qualified agro-processors with working capital support to enable them to purchase commodities required for their production processes at an agreed price.\u00a0<\/p>\n\n\n\n<p>AFEX&#8217;s security is backed by the commodities serving as the credit enhancement in the transaction. AFEX lists the ABCP on <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/comx.afexnigeria.com\/\" target=\"_blank\">ComX<\/a>, its commodities trading platform, then engages capital market operators for subscriptions for a set time.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX--1024x576.jpeg\" alt=\"Nigeria\u2019s AFEX Opens Second Round of $240M Funding Series\" class=\"wp-image-2798 lazyload\" data-srcset=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX--1024x576.jpeg 1024w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX--300x169.jpeg 300w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX--768x432.jpeg 768w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX--1536x864.jpeg 1536w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX--1200x675.jpeg 1200w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;\" \/><figcaption>AFEX ComX<\/figcaption><\/figure>\n\n\n\n<p>Funds raised are used to provide pre-qualified agro-processors with working capital to purchase commodities required for their production processes at an agreed price.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bridging the gap between agro-processors and investors<\/strong><\/h2>\n\n\n\n<p>According to Ayodeji Balogun, CEO at AFEX, the company has a strong track record in offering distinctively differentiated and innovative financial instruments to the marketplace, <em>\u201cand this new Asset-Backed Commercial Paper will help bridge the gap between Agro-processors and investors.\u201d<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"816\" height=\"1020\" data-src=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-CEO-Ayodeji-Balogun.jpg\" alt=\"Nigeria\u2019s AFEX Opens Second Round of $240M Funding Series\" class=\"wp-image-2797 lazyload\" data-srcset=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-CEO-Ayodeji-Balogun.jpg 816w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-CEO-Ayodeji-Balogun-240x300.jpg 240w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-CEO-Ayodeji-Balogun-768x960.jpg 768w\" data-sizes=\"(max-width: 816px) 100vw, 816px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 816px; --smush-placeholder-aspect-ratio: 816\/1020;\" \/><figcaption>AFEX CEO, Ayodeji Balogun<\/figcaption><\/figure>\n\n\n\n<p>For one thing, access to low-risk funding and capital is critical to empowering Africa to feed itself.&nbsp;<\/p>\n\n\n\n<p><em>\u201cWe believe in making capital that is a right fit, in terms of timeliness and structure, available for all players in the value chain. Based on our past performance, we are confident that we will attract even more financing from private investors and, subject to value for money, they will help us secure this $175m (\u20a673bn) investment in Africa&#8217;s food security.&#8221;<\/em>&nbsp;&nbsp;<\/p>\n\n\n\n<p>Since its <a href=\"https:\/\/africaexchange.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">launch in 2014<\/a>, AFEX has committed to leveling-up Africa&#8217;s agro-tech sector; by helping the continent <a href=\"https:\/\/ancstockinvestments.com\/blog\/2021\/12\/03\/afex-launches-100-million-food-security-fund-africa\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"feed itself (opens in a new tab)\">feed itself<\/a> by boosting food security and making food production more efficient.\u00a0<\/p>\n\n\n\n<p>Prior to 2021, in a first-of-its-kind for Africa, AFEX raised $48 million (\u20a619 billion) from their 20% oversubscribed Warehouse Receipt Backed Commercial Paper.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria&#8217;s leading commodities market player, AFEX, has announced the reopening of its $240 million (\u20a6100 billion) Asset-Backed Commercial Paper (ABCP).<\/p>\n","protected":false},"author":3,"featured_media":2798,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"content-type":"","inline_featured_image":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,4],"tags":[269,383,41,384,44],"series":[],"ppma_author":[463],"class_list":["post-2796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-startup","tag-afex","tag-agriculture","tag-funding","tag-nigeria","tag-startup-funding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AFEX Opens Second Round of $240M Funding Series<\/title>\n<meta name=\"description\" content=\"Nigeria&#039;s leading commodities market player, AFEX, has announced the reopening of its $240 million (\u20a6100 billion) Asset-Backed Commercial Paper (ABCP).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AFEX Opens Second Round of $240M Funding Series\" \/>\n<meta property=\"og:description\" content=\"Nigeria&#039;s leading commodities market player, AFEX, has announced the reopening of its $240 million (\u20a6100 billion) Asset-Backed Commercial Paper (ABCP).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/\" \/>\n<meta property=\"og:site_name\" content=\"ANC Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-01T10:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-01T10:11:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ngwa Emmanuel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ngwa Emmanuel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/\"},\"author\":{\"name\":\"Ngwa Emmanuel\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/person\/12b463b4dc7a31567d2ebb7c5bc2a2f2\"},\"headline\":\"Nigeria\u2019s AFEX Opens Second Round of $240M Funding Series to Strengthen Africa\u2019s Agro Sector\",\"datePublished\":\"2022-02-01T10:10:00+00:00\",\"dateModified\":\"2022-02-01T10:11:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/\"},\"wordCount\":508,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg\",\"keywords\":[\"AFEX\",\"Agriculture\",\"Funding\",\"Nigeria\",\"Startup funding\"],\"articleSection\":[\"Business\",\"Startup\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/\",\"url\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/\",\"name\":\"AFEX Opens Second Round of $240M Funding Series\",\"isPartOf\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg\",\"datePublished\":\"2022-02-01T10:10:00+00:00\",\"dateModified\":\"2022-02-01T10:11:31+00:00\",\"description\":\"Nigeria's leading commodities market player, AFEX, has announced the reopening of its $240 million (\u20a6100 billion) Asset-Backed Commercial Paper (ABCP).\",\"breadcrumb\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#primaryimage\",\"url\":\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg\",\"contentUrl\":\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg\",\"width\":1920,\"height\":1080,\"caption\":\"AFEX ComX\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ancstockinvestments.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigeria\u2019s AFEX Opens Second Round of $240M Funding Series to Strengthen Africa\u2019s Agro Sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#website\",\"url\":\"https:\/\/ancstockinvestments.com\/blog\/\",\"name\":\"ANC Blog\",\"description\":\"Investing for the Future\",\"publisher\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ancstockinvestments.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#organization\",\"name\":\"ANC Blog\",\"url\":\"https:\/\/ancstockinvestments.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2024\/11\/anc-logo-full-dark.svg\",\"contentUrl\":\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2024\/11\/anc-logo-full-dark.svg\",\"width\":839,\"height\":186,\"caption\":\"ANC Blog\"},\"image\":{\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/person\/12b463b4dc7a31567d2ebb7c5bc2a2f2\",\"name\":\"Ngwa Emmanuel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/person\/image\/0e9cd6a0380a4095328c18506f5a024d\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/36012ba548ef861ffb3cfc47da684aae4a714ed8eea8139836775ec6a8b91e0c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/36012ba548ef861ffb3cfc47da684aae4a714ed8eea8139836775ec6a8b91e0c?s=96&d=mm&r=g\",\"caption\":\"Ngwa Emmanuel\"},\"description\":\"Emmanuel crafts insightful data-driven stories on Finance, Forex, Cryptocurrency, Investment, Stocks, and Startups. As Editor-in-Chief at ANC Blog, I help our readers learn the ropes of the finance and startup ecosystem.\",\"url\":\"https:\/\/ancstockinvestments.com\/blog\/author\/ngwa\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AFEX Opens Second Round of $240M Funding Series","description":"Nigeria's leading commodities market player, AFEX, has announced the reopening of its $240 million (\u20a6100 billion) Asset-Backed Commercial Paper (ABCP).","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/","og_locale":"en_US","og_type":"article","og_title":"AFEX Opens Second Round of $240M Funding Series","og_description":"Nigeria's leading commodities market player, AFEX, has announced the reopening of its $240 million (\u20a6100 billion) Asset-Backed Commercial Paper (ABCP).","og_url":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/","og_site_name":"ANC Blog","article_published_time":"2022-02-01T10:10:00+00:00","article_modified_time":"2022-02-01T10:11:31+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg","type":"image\/jpeg"}],"author":"Ngwa Emmanuel","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ngwa Emmanuel","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#article","isPartOf":{"@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/"},"author":{"name":"Ngwa Emmanuel","@id":"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/person\/12b463b4dc7a31567d2ebb7c5bc2a2f2"},"headline":"Nigeria\u2019s AFEX Opens Second Round of $240M Funding Series to Strengthen Africa\u2019s Agro Sector","datePublished":"2022-02-01T10:10:00+00:00","dateModified":"2022-02-01T10:11:31+00:00","mainEntityOfPage":{"@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/"},"wordCount":508,"commentCount":1,"publisher":{"@id":"https:\/\/ancstockinvestments.com\/blog\/#organization"},"image":{"@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#primaryimage"},"thumbnailUrl":"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg","keywords":["AFEX","Agriculture","Funding","Nigeria","Startup funding"],"articleSection":["Business","Startup"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/","url":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/","name":"AFEX Opens Second Round of $240M Funding Series","isPartOf":{"@id":"https:\/\/ancstockinvestments.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#primaryimage"},"image":{"@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#primaryimage"},"thumbnailUrl":"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg","datePublished":"2022-02-01T10:10:00+00:00","dateModified":"2022-02-01T10:11:31+00:00","description":"Nigeria's leading commodities market player, AFEX, has announced the reopening of its $240 million (\u20a6100 billion) Asset-Backed Commercial Paper (ABCP).","breadcrumb":{"@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#primaryimage","url":"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg","contentUrl":"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg","width":1920,"height":1080,"caption":"AFEX ComX"},{"@type":"BreadcrumbList","@id":"https:\/\/ancstockinvestments.com\/blog\/2022\/02\/01\/nigerias-afex-opens-second-round-240m-funding-series\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ancstockinvestments.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Nigeria\u2019s AFEX Opens Second Round of $240M Funding Series to Strengthen Africa\u2019s Agro Sector"}]},{"@type":"WebSite","@id":"https:\/\/ancstockinvestments.com\/blog\/#website","url":"https:\/\/ancstockinvestments.com\/blog\/","name":"ANC Blog","description":"Investing for the Future","publisher":{"@id":"https:\/\/ancstockinvestments.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ancstockinvestments.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ancstockinvestments.com\/blog\/#organization","name":"ANC Blog","url":"https:\/\/ancstockinvestments.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2024\/11\/anc-logo-full-dark.svg","contentUrl":"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2024\/11\/anc-logo-full-dark.svg","width":839,"height":186,"caption":"ANC Blog"},"image":{"@id":"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/person\/12b463b4dc7a31567d2ebb7c5bc2a2f2","name":"Ngwa Emmanuel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ancstockinvestments.com\/blog\/#\/schema\/person\/image\/0e9cd6a0380a4095328c18506f5a024d","url":"https:\/\/secure.gravatar.com\/avatar\/36012ba548ef861ffb3cfc47da684aae4a714ed8eea8139836775ec6a8b91e0c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/36012ba548ef861ffb3cfc47da684aae4a714ed8eea8139836775ec6a8b91e0c?s=96&d=mm&r=g","caption":"Ngwa Emmanuel"},"description":"Emmanuel crafts insightful data-driven stories on Finance, Forex, Cryptocurrency, Investment, Stocks, and Startups. As Editor-in-Chief at ANC Blog, I help our readers learn the ropes of the finance and startup ecosystem.","url":"https:\/\/ancstockinvestments.com\/blog\/author\/ngwa\/"}]}},"jetpack_featured_media_url":"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2022\/02\/AFEX-ComX-.jpeg","jetpack_sharing_enabled":true,"authors":[{"term_id":463,"user_id":3,"is_guest":0,"slug":"ngwa","display_name":"Ngwa Emmanuel","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/36012ba548ef861ffb3cfc47da684aae4a714ed8eea8139836775ec6a8b91e0c?s=96&d=mm&r=g","author_category":"","user_url":"","last_name":"Emmanuel","first_name":"Ngwa","job_title":"","description":"Emmanuel crafts insightful data-driven stories on Finance, Forex, Cryptocurrency, Investment, Stocks, and Startups. As Editor-in-Chief at ANC Blog, I help our readers learn the ropes of the finance and startup ecosystem."}],"_links":{"self":[{"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/posts\/2796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/comments?post=2796"}],"version-history":[{"count":2,"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/posts\/2796\/revisions"}],"predecessor-version":[{"id":2802,"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/posts\/2796\/revisions\/2802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/media\/2798"}],"wp:attachment":[{"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/media?parent=2796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/categories?post=2796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/tags?post=2796"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/series?post=2796"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/ancstockinvestments.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=2796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}