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AFEX raises $50 million to finance Agri-SME’s in Nigeria

The $50 million Agri-SMEs fund is
expected to bridge the funding gap between lenders and borrowers in the agric sector.
AFEX Commodities Exchange Limited (AFEX), a private commodities exchange company, has announced the first Warehouse Receipt Backed Commercial Paper in Africa. The paper has tech- enabled operations and a 24-hour fast cash turnaround for borrowers.
This was disclosed by AFEX in statement issued and seen by Nairametrics on Thursday.
The $50 million Agri-SMEs fund is expected to bridge the funding gap between lenders and borrowers in the Nigerian agricultural sector with a commodity- backed instrument- for the first time.
The warehouse receipts, which can then be transferred from commodities to a financial asset and listed under the borrower’s portfolio on the AFEX trading platform, will create a sustainable funding structure and address underfunding in the Nigerian agricultural sector.

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Enugu Auto Revamp Training Program

The Enugu state government through ENUGU STATE SME Agency in partnership with AutoEase have crafted  Enugu Auto-revamp Innovative Programme for ndi Enugu in the Automotive  industry under the Human Capital Development Loan Programme.

Apply here: www.enugusmeautojobs.com

To learn:
• Car upholstery & interior designing
• Automobile colour theory & painting
• Oven Baking
•Chasis Straightening
• Automotive restoration
• Collision repair
• Customer  Management System etc.
Jobs upon completion of training by Autoease.

Signed
Hon. Arinze Chilo-Offiah
Special Adviser, SME Development
Head, Enugu SME Center

To register, visit here: www.enugusmeautojobs.com

#gburugburuissme #EnuguJobs