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Commodities | |
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PROSHARE | |
PROSHARE |
Monday, August 10, 2020 / 9:10 AM / Kainosedge Consulting for AFEX Commodities
Exchange / Header Image Credit: AFEX Commodities Exchange
In the last week of July,
AFEX was on ground in Katsina to launch the Agriculture for Food and Jobs Plan
(AFJP) of the Federal Government targeted at mitigating the impact of the
COVID-19 pandemic on local food production. Our CEO, Ayodeji Balogun, who
was present at the launch said that "With the realities of the pandemic testing
our food systems, it is up to all players in the agricultural value chain to
intervene in ways that are both sustainable and impactful. The Agriculture for
Food and Jobs Plan provides structured production support by giving
zero-interest input financing options to farmers, enabling them to access
fertilizers and seeds for their production activities, which will result in
increased yields at harvest time. The program will reach 2.4 million farmers,
producing over 10 million Metric Tons, and providing food for 100 million
households".
For the last 5 years,
AFEX has worked in a consortium with the Alliance for a Green Revolution in
Africa (AGRA) and other public and private sector partners including National
Agricultural Extension and Research Liaison Services (NAERLS) and Sasakawa to
build operational capacity to deliver improved financial inclusion, farmer
training and access to finance and markets.
The programs run under
this framework have improved the capacity of farmers across the country
enabling year on year growth in yields and productivity that can be doubled
down on in executing the Agriculture for Food and Jobs Plan. AFEX will be
contributing 750,000 farmers to the AFJP program through this consortium of
partners that include AGRA, NAERLS and Sasakawa.
Some exciting activities happened in July at the Exchange, and we're glad to share some of the highlights for you here:
Xtra
Special
ComX Promoter
Certification Program
The first cohort of our
ComX Promoter Certification Program went through four modules to prepare them
to effectively guide their ComX communities and make the best of the platform.
We had a great time at the virtual graduation ceremony for successful
candidates, and we are set to welcome the second cohort soon.
Understanding ComX
Product Classes
We got one of our Xperts
to do some short videos explaining some of the product classes that are
available to investors on ComX. You can get a brief understanding of spot
commodities, input notes and exchange traded commodities by watching these
videos, and telling us what more you would like to know.