Key Developments
AfDB approves $11 million to facilitate fertilizer access for African farmers
AFDB apportioned the funding to the African Fertilizer Financing Mechanism (AFFM). Established in 2006, the Africa Fertilizer Financing Mechanism seeks to enhance pan-African agricultural productivity by promoting using fertilizers. The AFFM works multilaterally, focusing on the critical transnational factors impeding fertilizer use to develop comprehensive strategies for jump-starting Africa’s stagnant agricultural productivity.
By facilitating access to fertilizers, the AfDB aims to boost agricultural productivity, enhance soil fertility, and increase farmers’ incomes, ultimately contributing to poverty reduction and economic development in rural communities. The initiative aligns with the Bank’s overarching goals of promoting inclusive growth, improving livelihoods, and achieving food self-sufficiency in Africa.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
African Investors Participate in 69% of Tracked Deals as Regional Lenders Expand Their Role
African-headquartered investors participated in 69% of African private market transactions with identified investors in the third quarter of 2026, up from 61% in the preceding quarter and 63% a year earlier, according to Stears.
BII Launches Kenya Strategy With $6.7 Billion Investment Plan for Africa
British International Investment (BII), the UK’s development finance institution, has launched its 2026–31 strategy in Kenya, outlining plans to invest about $6.7 billion of its own capital across Africa and attract up to $5.3 billion from private investors.
Afreximbank and APPO Establish Africa Energy Bank With $5 Billion in Authorized Capital
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organisation (APPO) have formally established the Africa Energy Bank with $5 billion in authorized capital to support energy projects across the continent.