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Date of agreement: December 4, 2007
Current volume of the fund: AfDB Grant of UA 5 million; USD 5 million from Nigeria equivalent to 50% of their pledged US$ 10 million; US$ 150,000 representing partial payment of pledge of IFAD's US$ 200,000 pledge. Excluding the Bank's contribution, which does not count towards AFFM's legal operationalization, a shortfall of US$ 4,544,107 exists for the Fund to be declared legally operational.
The call for the establishment of the Africa Fertilizer Financing Mechanism (AFFM) was one of the major resolutions of the June 2006 African Union's (AU) Africa Fertilizer Summit in Abuja. At the Summit, African Heads of State and some eminent persons resolved that it was necessary to establish an AFFM for the purpose of increasing fertilizer use in Africa so as to boost agricultural productivity. This in turn, will contribute to economic growth, food security, and sustainable management of natural resources in Africa.
With the support of the UN Economic Commission for Africa (ECA) and the AU Commission, the AFFM was established in March 2007, and is hosted and managed by the Bank in Tunis.
On 4 December, 2007, the Bank's Board of Directors endorsed the legal instrument and the frame work for the establishment of the AFFM. The AFFM Secretariat has been operational at the Bank with Bank support.
The AFFM's aim is to support Africa's agricultural sector. Key areas of intervention and support are:
African small and large scale farmers and the African fertilizer industrial sub-sector, and agricultural research institutions and the private sector involved in agro-inputs trade.
Main achievements to date are as follows:
The main activities planned for 2011 are scaling up the AFFM resource mobilization drive so that the Mechanism can be declared legally operational by the Bank, undertaking preparatory work for commencing studies related to the requests for financing received by the Bank, and following up with stakeholders such as the International Fertilizer Development Centre (IFDC) and the Alliance for Green Revolution in Africa (AGRA) for their technical and/or financial support to the AFFM.
Although field activities have not yet commenced, much has been achieved in terms of preparatory work including hosting and operationalizing the Secretariat at the Bank, as well as mobilization of support for the mechanism through consultation with stakeholders. The mechanism enjoys strong support from the African political leadership. In accordance with the Instrument establishing the AFFM, for it to become legally operational, the Mechanism needs financial contributions and/or Instruments of Commitment from African governments and donors in the amount of US$ 10 million.
Technical Department and Task Manager
Agriculture and Agro-Industry Department
Marie Claire Kalihangabo, Coordinator Africa Fertilizer Financing Mechanism; Tel: 225 20 26 44 50
Communicating with AFFM (Notices and Requests): Notices or requests to the fertilizer fund should be in writing and should be delivered at the following address below or any other address provided by the Bank:
The African Fertilizer Financing Mechanism (AFFM)
(Special AfDB-administered Fund)
Department of Agriculture and Agro-Industry
CCIA Building – Avenue Jean Paul II, Abidjan Plateau
01 Po Box : 1387 Abidjan 01 – Côte d’Ivoire
Telephone: (+2125) 20 26 44 50
Attention: The Coordinator
AFFM Strategy Brief - 2018 (1.61 MB)