Business
November 23, 2018
AFEX, Binkabi & Sterling Partner To Streamline Agric-Financing Via Blockchain
AFEX Commodities Exchange Limited (AFEX), alongside Binkabi in partnership with Sterling Bank will begin using Blockchain Technology to streamline the process of financing agriculture to Smallholder farmers and other players in the commodities markets. The partnership recognizes the importance of Agricultural finance as the provision of multiple types of services dedicated to supporting both on- and off-farm agricultural activities and the important roles AFEX’s Warehouse Receipts System (e-WRS), Binkabi’s Blockchain Technology and Sterling Bank’s access to credit plays in leading the creation of a reliable source for financing in agriculture for the country. Proshare WebTV brings you interviews with Mr Ayodeji Balogun, Country Manager-AFEX Commodities Exchange, Quan Le, CEO Binkabi and Bukola Awosanya , Group Head, Agric-Finance, Sterling Bank, on the value the partnership will bring to the Nigerian Agric sector. Watch Video
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