Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya
By Abdul Rahman Bangura-
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- In its first year of undertakings in Uganda, the business intends to attain 10,000 planters and aggregate 15,000 metric tons of commodities, while expanding its accumulation, storage, and financial inclusion services to Ugandan farmers and processors.
Continuing its pan-African development agendas, AFEX announces it will be carrying out its scalable criterion that incorporates progressive technology and infrastructure with a personal understanding of Africa’s food systems and local needs to trace its achievements in Nigeria and Kenya to Uganda. Helping nearly with local and international partners, the operation shall concentrate on maize, sorghum, soybeans, barley, and coffee, with maize being the initial priority.
According to the International Trade Administration, Uganda is lacking the crucial infrastructure in storage, credit, and passport to markets to strengthen food production. To begin grasping these issues. AFEX Uganda has ascertained depots in Bulambuli and Kapchorwa districts in Eastern Uganda, and in the Lira district of Northern Uganda. Under the leadership of Abdul-Hafeez Odusanya, Managing Director, AFEX Uganda, AFEX will be introducing its range of solutions including its technology platform, Workbench, to enable farmers to participate in market opportunities and scale their operations.
“I’m thrilled to be leading the next stage of growth for AFEX in East Africa and eager to see how Uganda’s success contributes to AFEX’s portfolio of innovative food system interventions. I’m confident AFEX Uganda will contribute massively to building an inclusive and efficient market system, giving Ugandan farmers the support and infrastructure they need to improve efficiency and access bigger markets,” Abdul-Hafeez Odusanya, Managing Director, AFEX Uganda conveyed warmth about the new vacancy.
Frequently cited to as Africa’s ‘bread basket, “Uganda has one of the most dynamic commodities markets in Africa with a significant potential for growth, and a positive government interest in commercialising agriculture through collaboration with private sector players. In the first quarter of 2022, agriculture accounted for 24% of the country’s GDP. In addition, the government has ratified the African Continental Free Trade Area (AFCTA) and the East African Community Customs Union which provides access to the international market.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent