Farmer fertilizing arable land with nitrogen, phosphorus, potassium fertilizer
The Africa Fertilizer Financing Mechanism (AFFM) welcomes $10.15 million from the Norwegian Agency for Development Cooperation (NORAD) to boost #fertilizer supply to 850,000 African smallholder farmers in #Uganda, #Kenya and #Mozambique.
The NORAD contribution will buttress the African Emergency Food Production Facility, the African Development Bank Group’s rapid response initiative for addressing Africa’s current food crisis, which has been exacerbated by climate change, conflicts, pests and disease. The AFFM received the first installment of $8.73 million through the African Emergency Food Production Facility window in December last year.
“This funding will allow the Africa Fertilizer Financing Mechanism to provide financing and credit guarantees for the large-scale supply of fertilizer to suppliers, to enable access to fertilizer on credit to agro-dealers, and contribute to bridging the supply gap of fertilizer in sub-Saharan Africa,” said Marie-Claire Kalihangabo, AFFM Coordinator.
