Africa Fertilizer Financing Mechanism

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.