Nigeria
Private Nigerian commodities market AFEX aims to raise $50m

Tony Elumelu, in Paris in October 2019.
Tony Elumelu, in Paris in October 2019. © Vincent Isidore / IP3 Press / MaxPPP
The Nigerian company cofounded by Nigerian billionaire Tony Elumelu is working to raise funds to build 20 warehouses. New CEO Ayodeji Balogun wants to strengthen its position as a marketplace of primary agricultural goods. [...]
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