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Agriculture: the African Development Bank wants to facilitate access to fertilizers for African agricultural producers

19/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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On May 16, 2023, the Board of Directors of the African Development Bank took place in Abidjan.

This council approved the $11.70 million budget allocation to African Fertilizer Development Finance Mechanism (MAFDE).

La dotation budgétaire accordée par la Banque africaine de développement to the special fund set up by the Union African to carry out its activities properly during the year 2023. MAFDE will also continue its efforts to mobilize resources from other partners and will request the payment of the remaining pledge of $10.15 million made by the Norwegian Agency for Development Cooperation (NORAD) in 2022 ($8.6 million has already been paid).

The Board of Directors approved MAFDE's 2023 programme of activities, which consists of strengthening the fertilizer sector by focusing on access to finance, supporting the development of viable policy reforms to improve the production, trade and use of fertilizers, and facilitating access for small farmers farmers to inputs and technical assistance

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