CAPITAL MARKETS

The LOMEX (Lomé Mercantile Exchange) is a West Africa regional “commodities exchange ecosystem” with linkages” to Agriculture, Minerals, Banking & Infrastructure Development (warehouses, transportation, etc.) that brings together buyers and sellers of agricultural commodities.

Participants on the LOMEX platform trade spot contracts that standardize the quality, quantity, payment and delivery of agricultural goods.

LOMEX was found by Westbridge Trading Corp, the Ethiopian Commodity Exchange (ECX) and Togo Invest (TI)

The WESTBRIDGE MICROFINANCE INSTITUTION (WMI)I is a agriculture focused lender that caters to microfinance banks and other small to mid-sized retail financial institutions to which it provides financing and operational support in reaching and managing their agricultural sector customers.

This will revolve around a microfinance ecosystem of 3 to 5 institutions that will serve as the first set of field partner financial institutions. This digital platform, comparable to a Banker’s Bank ecosystem, in which WMI designs, structures and delivers a program of training in risk, regulation, underwriting, sales and marketing.

The Nana Benz Center is business accelerator a platform for innovation in the fintech, logistic and commodity sectors.

Through coaching, networking and investment, the Nana Benz Center’s Accelerator Program aims to lift Togolese businesses, create jobs and grow companies well beyond the borders of Togo. Our Aim is to assist in creating regional and international leaders in the logistics, commodities and fintech sectors through international partnerships and collaborations.

OUR ENVIRONMENTAL SOCIAL & GOVERANCE (ESG) STATEMENT

  • 01

    Responsible Credit

    Westbridge is committed to providing financial services responsibly, promotion of access to credit to low income target markets, the sharing of financial expertise amongst our peers and the promotion of ethics in the financial service sectors in which we operate.

  • 02

    Financial Inclusion

    Westbridge pledges to provide financial access to women, youth, disadvantaged and other disproportionately excluded groups in an effort to drive inclusive growth for the entire communities in which we operate.

  • 03

    Gender Equity

    Westbridge strives to achieve gender equity and inclusion in all of our businesses and subsidiaries. We foster workplace cultures that promotes respect, diversity and inclusion of all people.

LOMEX CREATES ACCESS TO COMMODITY AND FINANCIAL MARKETS FOR PRODUCERS AND PROCESSORS

FOUNDING PARTNERS

MISSION

LOMEX’s mission is to provide a modern, efficient, transparent and reliable market platform and warehousing service through adaptation of technology, excellence in innovation and with integrity.

To execute its mission, LOMEX has created a structure that integrates all the key participants in commodities markets, including:

CENTRAL TRADING SYSTEM

The commodities digital exchange platform

WAREHOUSE DELIVERY CENTERS

The sites that receive, sample, and grade Commodities and maintain their quality

CLEARING BANKS

The institutions Responsible for clearing and settling commodities transactions

ARBITRATION TRIBUNAL

The group responsible for facilitating the resolution of disputes between members

MARKET INFORMATION SYSTEM

The systems that link the exchange with rural sites

REMOTE TRADING CENTERS

• Input Loans (Lines of Credit)
• Equipment Leasing
• Electronic Warehouse Receipts
• Term Loans

CREDIT PRODUCTS

The hardware that connects the central trading system with outside participants

LOMEX CREATES ACCESS TO COMMODITY AND FINANCIAL MARKETS FOR PRODUCERS AND PROCESSORS

SECURE STORAGE

ACCESS TO FINANCE

HIGH VALUE MARKETS

CLEANING & GRADING

AGGREGATION

TRADING & HEDGING

The WESTBRIDGE MICROFINANCE INSTITUTION (WMI)I is a agriculture focused lender that caters to microfinance banks and other small to mid-sized retail financial institutions to which it provides financing and operational support in reaching and managing their agricultural sector customers.

This will revolve around a microfinance ecosystem of 3 to 5 institutions that will serve as the first set of field partner financial institutions. This digital platform, comparable to a Banker’s Bank ecosystem, in which WMI designs, structures and delivers a program of training in risk, regulation, underwriting, sales and marketing.

An agriculture focused « bankers’ bank » devoted to the microfinance segment

KEY SECTORS

  • Wholesale Lender to Agricultural Focused Micro Finance Institutions
  • Financing for Primary Producers, Farming Co-ops, Women Collectives etc.
  • Feed Processors
  • Wholesale, storage & distribution
  • Grain handling & logistics
  • Greenhouse technology
  • Agricultural commodity trading
  • Abattoir/ meat processors
  • Commercial bakeries
  • Food processors, manufacturers
  • Grain, oilseed processing
  • Breweries, distilleries
  • Coffee & tea processing

The Westbridge MFI Platform

What we offer participating member-institutions:

  • The Nana Benz Center is a business accelerator, a regional Think Tank and an ecosystem of entrepreneurs, academics, and investors that drives practical innovation, nation-level policy choices, and on-the-ground investment decisions.
  • It aims to mine the economic field to help generate practical innovation that yields measurable and tangible impact on society, on growth and economic resilience.
  • The Accelerator aims to be a pivotal connection point and a source of partnerships with leading Canadian entrepreneurs, academics and institutions.

The Nana Benz Accelerator is a great opportunity for high-growth Togolese startups to accelerate the growth of their businesses. Ventures accepted into the program will receive hands-on mentorship from our in-house experts and industrial partners.

Target Business Themes:

  • Productivity in Agriculture: Combining small-scale mechanization and seed technology to help engineer meaningful gains in production volume for select export crops & products: Soybeans, corn,
  • Build the Digital Infrastructure: Build the Digital Infrastructure required for Togo to credibly position itself as tech hub in key areas (logistics, financial services, agriculture, fabrics for example)
  • Logistics Services: Small-scale innovation in Logistics services [shipping, container processing, freight forwarding, smart transport, trucking, grain storage, etc.]; regional grain storage, processing & re-exporting hub;

The Nana Benz Center’s Accelerator program is open to all existing entities, experienced entrepreneurs, startups and individuals operating in or interested in operating in the Center’s three areas of business focus: Logistics, Fintech and Commodities.

Eligibility Criteria :

1. Be a Ecowas-based entity or team of individuals with a demonstrated entrepreneurial mindset and with the skills required to take a business idea from the concept stage to marketable product or service stage.

2. Have a unique value proposition and solution dealing with an impactful sector-related problem in logistics, commodities and or Fintech.

3. The idea or solution needs to be centered around Togo’s key competitive advantages and assets in the above three business segments and be past the R&D stage (i.e pre-commercialization and beyond).

4. The sponsoring team or entity should be able to articulate how their proposed business solution would yield quantifiable benefits for the region and the Continent.

5. Be nominated by one of the Center’s institutional partners, and

6. Be willing to operate from Togo

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