Africa Fertilizer Financing Mechanism

09-Jan-2020

8th Governing Council meeting of the Africa Fertilizer Financing Mechanism

What: 8th Governing Council meeting of the Africa Fertilizer Financing Mechanism When: 24 January 2020, 9:00am to 4:00pm Where: African Development Bank - CCIA Building, Abidjan, Côte d’Ivoire   The Africa Fertilizer Financing Mechanism (AFFM) will convene its 8th Governing Council (GC) meeting on 24 January 2020, at the African Development Bank, CCIA building in Abidjan, Côte d’Ivoire. The meeting will review the AFFM’s 2019 annual report, its 2020 work programme and administrative matters. Council members will also discuss resource...
09-Jan-2020

Contract Awards - Portugal - Individual consultant specialist in business development for the Africa Fertilizer Financing Mechanism (AFFM).

AfDB/ AFFM is seeking to recruit a highly motivated and dynamic Business Development Specialist to assist in business development and resource mobilization and assist the AFFM Coordinator in systematically rolling out the implementation of the AFFM activities as approved by the relevant authorities.
21-Oct-2019

Promotion of fertilizer production, cross-border trade and consumption in Africa

This study, initiated by the African Union Commission (AUC), the United Nations Economic Commission for Africa (UNECA) and the Africa Fertilizer Financing Mechanism (AFFM), is part of the efforts undertaken by African leaders to foster access to affordable and quality fertilizers. Its overall objective was to provide a solid background document reviewing the state of selected Africa’s fertilizer clusters and related emerging value chains as well as provide strategic policy options and best practices. All these potential solutions will provide effective and accessible funding mechanisms that...
21-Oct-2019

The Newsletter of the Africa Fertilizer Financing Mechanism

The Africa Fertilizer Financing Mechanism was established by the 2006 Abuja Declaration. Through this Declaration, African Union Member States committed to an initiative to improve agricultural productivity by providing financing required to accelerate the approval, distribution and use of fertilizers in Africa, to achieve the target of 50 kg of nutrients per hectare. AFFM is managed by the African Development Bank to scale up agriculture development within the context of its Feed Africa Strategy, the United Nations Sustainable Development Goals and the African Union Agenda 2063.
21-Oct-2019

AFFM - Baseline Study - Executive Summary

The Africa Fertilizer Financing Mechanism (AFFM), a special fund administered by the African Development Bank, was created for the purpose of improving agricultural productivity through an increase of fertilizer use in Africa. Improving crop productivity will directly benefit broader economic growth, as well as improve food security and responsible management of natural resources. AFFM and the Bank are uniquely positioned to support the growth of fertilizer use in Africa, particularly as fertilizer is a capital-intensive product that requires dedicated financial resources.
21-Oct-2019

Credit Guarantee models for Fertilizer Financing in Africa

In 2018, the Governing Council of the Africa Fertilizer Financing Mechanism (AFFM), realigned the strategic orientation of the AFFM. As a result, the tenure of AFFM was extended to 2032 and the Council reaffirmed the Mechanism’s aim to create an enabling environment for mobilizing investments needed to achieve a target of 50kg of nutrients per hectare of fertilizer use as agreed in the 2006 Abuja Declaration. In this regard, AFFM through a study, identified credit guarantees as a financial instrument which can contribute to boosting access to fertilizers in Africa.
21-Oct-2019

AFFM - Boosting access to fertilizers through innovative financing solutions

The Africa Fertilizer Financing Mechanism (AFFM) is a special fund housed at the African Development Bank. The Mechanism was established during the conference for the African Green Revolution Forum in June 2006 in Abuja, Nigeria. During the Conference, African Union Ministers of Agriculture charged the African Development Bank with the responsibility of establishing and managing the Mechanism. Aware of the urgent need to end hunger, the African Union Member States committed to increasing the agricultural use of fertilizer to an average of at least 50 kilograms per hectare.
09-Oct-2019

Inaugural forum paves the way for sustainable fertilizer financing in the West Africa region

Key stakeholders in West Africa’s fertilizer sector are calling for more action to support the industry, which is central to the continent’s agricultural revolution. The call came out of the first West Africa Fertilizer Financing Forum, organized by the African Fertilizer Financing Mechanism and partners, and held at the African Development Bank in Abidjan on 30 September and 1 October. A major outcome of the forum was the signing of a Memorandum of Understanding between the West Africa Fertilizer Association and the Economic Community of West African States (ECOWAS). The agreement aims...
01-Oct-2019

First West Africa Fertilizer Financing Forum, hosted by African Development Bank, opens in Abidjan

“Effective partnerships for financing are key to the fertilizer sector growth.” Bank Vice President Pierre Guislain   Actors in West Africa’s fertilizer industry emphasized the need to financially support the fertilizer value chain to improve agricultural productivity in the region. Agriculture ministers, development partners and private sector leaders made the call during the opening ceremony of the first West Africa Fertilizer Financing Forum in Abidjan, Côte d’Ivoire, on Monday 30 September. Under the theme “Fostering Fertilizer Future,” the event organized by the...
06-Sep-2019

African Development Bank, African Fertilizer and Agribusiness Partnership sign $5.4 million agreements to foster fertilizer market in Nigeria and Tanzania

The African Development Bank and the African Fertilizer and Agribusiness Partnership (AFAP) have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania, potentially benefitting hundreds of thousands of smallholder farmers. The organizations held a signing ceremony at the African Green Revolution Forum in Accra, Ghana on 5 September 2019. Dr. Jennifer Blanke, African Development Bank Vice President for Agriculture, Human and Social Development said the agreements would provide the inputs needed for...
05-Sep-2019

The African Development Bank to sign agreements to boost fertilizer market in Nigeria and Tanzania

WHO:        African Development Bank, African Fertilizer and Agribusiness Partnership WHAT:      Signing Ceremony of Grant Agreements WHERE:   Accra International Conference Centre, Press Room, Accra, Ghana WHEN:     Thursday, 5 September 2019 TIME:        14:00-14:30 pm The African Development Bank and the African Fertilizer and Agribusiness Partnership (AFAP) will sign two grant agreements for the implementation of fertilizer trade credit guarantee...
02-Sep-2019

African Development Bank to host first West Africa Fertilizer Financing Forum

WHO: African Development Bank, Africa Fertilizer Financing Mechanism, West Africa Fertilizer Association WHAT: West Africa Fertilizer Financing Forum WHERE: African Development Bank Headquarters, Abidjan, Côte d’Ivoire WHEN: 30 Sept – 1 Oct 2019 The African Development Bank, the Africa Fertilizer Financing Mechanism (AFFM) and the West Africa Fertilizer Association will hold the first West Africa Fertilizer Financing Forum from 30 Sept to 01 Oct 2019 at the Bank’s headquarters in Abidjan, Côte d’Ivoire. As the right fertilization is essential to achieve food security and reduce...
27-Aug-2019

Presentation at the 5th Annual Agribusiness and Economic Summit, held at the United Nations in New York

Dr. Damian Ihedioha, chief agro-industry officer, represented the Bank at the 5th Annual Agribusiness and Economic Summit, held at the United Nations in New York. Ihedioha started with a goodwill message on behalf of Dr. Akinwumi Adesina, the President of the African Development Bank. Below is a summary of the presentation. In the pursuit of its mandate to achieve rapid economic transformation and broad-based growth and development, the African Development Bank prioritised agro-industrial transformation through its Feed Africa and industrialisation strategies. The two drivers of the...
02-Nov-2007

Framework for the Establishment of the Africa Fertilizer Financing Mechanism

In June 2006, the Agricultural Ministers of the African Union Member States met at the Conference for an African Green Revolution in Abuja, Nigeria. One of the major agreements resulting from this multilateral Summit was the establishment of an Africa Fertilizer Development Financing Mechanism (AFFM), the main purpose of which is to enhance agricultural productivity by promoting the use of fertilizers. The Summit charged the African Development Bank with the responsibility of establishing the AFFM by 2007.