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African Development Bank Group (AfDB)

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    • Representatives of the African Development Bank, African Fertilizer Financing Mechanism, the Government of Norway and Apollo Agriculture at the Nairobi launch of the Financing for Sustainable Agriculture Management Project
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Source: African Development Bank Group (AfDB) |

Kenyan Farmers Get Fertilizer Boost with $2 million Africa Fertilizer Financing Mechanism Credit Guarantee

The Mechanism will provide a $2 million partial trade credit guarantee and a grant of $219,000 to Apollo Agriculture Limited, a Kenyan corporation, to facilitate the company’s fertilizer sales

In a significant step to advance food security in Kenya, the Africa Fertilizer Financing Mechanism (https://apo-opa.co/3W642uA) has launched a project that will help deliver nearly 8,000 tons of fertilizers to 100,000 smallholder farmers, boosting harvests and incomes. Through its Fertilizer Financing for Sustainable Agriculture Management Project (https://apo-opa.co/3QfyVsr), the Mechanism will provide a…

African Development Bank Group (AfDB)

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    • Workers carrying bags of fertilizer at a warehouse in Njombe, Tanzania
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Source: African Development Bank Group (AfDB) |

The Africa Fertilizer Financing Mechanism receives $7.3 million to boost agricultural productivity and smallholder farmers’ income

Funding targets food production and income growth for 800,000 smallholder farmers

Global Affairs Canada (https://apo-opa.co/3UlInNr) has provided $7.3 million in funding to the Africa Fertilizer Financing Mechanism (AFFM) to enhance sustainable agricultural productivity and smallholder farmer livelihoods, particularly women and youth across Africa. The financing will aid the Mechanism in replicating its credit guarantee programs, enabling fertilizer importers and aggregators to access…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank enhances Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Programs for greater impact

The ENABLE Youth program helps young African men and women access financing to grow their enterprises

The African Development Bank (www.AfDB.org) successfully concluded a three-day workshop in Nairobi, Kenya, aimed at enhancing its Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Program in preparation for its next phase. The ENABLE Youth program helps young African men and women access financing to grow their enterprises. Currently active in 15…

African Development Bank Group (AfDB)

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    • African Development Bank sets out two priority areas for the CSP 2024-2029 for Zambia: boosting private sector development through infrastructure investments and developing the country’s agricultural value chain
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Source: African Development Bank Group (AfDB) |

2024-2029 Development priorities for Zambia: Infrastructure and Agricultural Value Chain

The African Development Bank Group will provide assistance to the agricultural sector, concentrating primarily on the development of farm blocks and value chains, to improve the sector’s climate resilience and agricultural productivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain. “The aim of…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank signs $75 million loan agreement to boost Indorama’s fertilizer production and export capacity

Indorama’s two operational urea fertilizer lines serve Nigeria’s domestic market, supporting the country’s agricultural sector

The African Development Bank (www.AfDB.org) has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The loan will enable Indorama to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while fostering job…

African Development Bank Group (AfDB)

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    • The African Development Bank provides The Gambia with additional funding to bolster agricultural production and food security
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Source: African Development Bank Group (AfDB) |

The Gambia: African Development Bank approves supplemental $16 million to boost agriculture and food security

With the funding providing additional support for inputs, productivity is expected to rise, with rice yields increasing from 2.0 to 2.5 tonnes per hectare (t/ha) and maize harvests reaching 2.0 t/ha from 1.8

The Board of Directors of the African Development Bank Group (www.AfDB.org), granted an additional $16.08 million on March 4, to The Gambia to bolster its ongoing Agriculture and Food Security Project (https://apo-opa.co/3wDCO3w), launched in 2021. GASFP (Global Agriculture and Food Security Project) (https://apo-opa.co/4a0uBFc), a multilateral financing platform dedicated to enhancing the…

African Development Bank Group (AfDB)

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    • The African Development Bank will support the construction of skills development infrastructure in the agricultural sector, build the capacities of agricultural trainers and support the establishment of agricultural cadastres to enable the Democratic Republic of the Congo to develop value chains in its rich agricultural sector
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Source: African Development Bank Group (AfDB) |

Democratic Republic of Congo: African Development Bank to lend $117 million to support agricultural transformation

The financial support comes from the African Development Fund, the Bank Group's concessional lending window, and includes $78.6 million from the Transition Support Facility

Meeting in Abidjan on 14 February 2024, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $117.9 million to the Democratic Republic of Congo to implement the Project to Support Governance and Skills Development in support of the Agriculture Transformation Programme (PTA). The financial support…

African Development Bank Group (AfDB)

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    • Osama Mahdi, Dep. Project Coordinator for South Sudan Urban Water Corporation, shows VP Marie-Laure Akin-Olugbade and the team around the Bank-funded water project. Juba February 2024
    • On a three-day visit to South Sudan, AfDB Vice President Marie-Laure Akin-Olugbade interacts with refugees at the Gendrassa camp fleeing conflict in neigbouring Sudan. February 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank to scale up financing to South Sudan in 2024 – Vice President Marie-Laure Akin-Olugbade

The Bank's ongoing portfolio in South Sudan amounts to $160 million, with the top sectors being agriculture, skills and social development, and governance

The African Development Bank’s Vice President for Regional Development (www.AfDB.org), Integration and Business Delivery, Marie-Laure Akin-Olugbade has concluded a three-day visit to South Sudan. Akin-Olugbade met with high-level government officials including First Vice President, Riek Machar, and the ministers of Finance and National Planning, Interior, Humanitarian Affairs and Disaster Management,…

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    • Nearly 200 agricultural stakeholders attended the ceremony to launch the Emergency Project for Increasing Agricultural Production in Burkina Faso
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Source: African Development Bank Group (AfDB) |

Burkina Faso government, African Development Bank launch project to bolster food security

Under its African Emergency Food Production Facility, the African Development Bank Group, has provided €38.4 million—nearly the entire project cost— for PURPA-BF

The government of Burkina Faso has officially launched an African Development Bank (www.AfDB.org) supported project to bolster food security in the country against the impacts of Russia’s invasion of Ukraine. The Emergency Project for Increasing Agricultural Production in Burkina Faso (PURPA-BF) was launched on 6 February 2024 at the national Ministry…

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    • AfDB President Dr Akinwumi Adesina (third left) hosted Africa-based CGIAR Directors General at the Bank's HQ in Abidjan to discuss ways to strengthen food and agricultural productivity in Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group and research centres to transform African agriculture and improve food security

With 65% of global uncultivated arable land, the African Development Bank believes that the continent can feed itself and the rest of the world

The African Development Bank Group (www.AfDB.org) and the Consortium of International Agricultural Research Centres (CGIAR) committed on Thursday to strengthen their collaboration to increase food production and provide better nutrition for Africa's growing population. With 65% of global uncultivated arable land, the African Development Bank believes that the continent can…