AELEX is pleased to have advised AFEX as it launched Africa’s first Warehouse Receipt Backed Commercial Paper, raising over $50 million for Agri-SMEs in Nigeria.
The financing deal, which is arguably the first of its kind in Africa, is intended to bridge the funding gap between lenders and borrowers in the Nigerian agricultural sector with commodity-backed instruments.
The Firm’s transaction team was led by Davidson Oturu, Chioma Olibie, Florence Bola-Balogun and Olubusola Oyeyosola Diya.
You may read more about the transaction here.