Browsing: AfDB loans

fertilizer

With Africa fertilizer shortage, food security is off the table

Countries
  • Africa Development Bank (AfDB) has launched the Africa Fertilizer Financing Mechanisms (AFFM) to boost purchase of the critical farm input across the continent.
  • The Food and Agriculture Organization (FAO) warns that Africa is spending less on agriculture development than the rest of the world.
  • AFFM has already secured $10.15 million in new funding from the Norwegian Agency for Development Cooperation (NORAD).

Shortage of fertilizer in Africa continues as the war between its main suppliers Russia and Ukraine enters the second year. To increase food productivity and security, African countries need increased access to fertilizer, nut until this dilemma is resolved, food security is off the table.

Access to fertilizer in Africa is very limited, where available, this basic agro-input for increased production is simply too expensive for effective use.

Such shortcomings were meant to be addressed by progressive initiatives such as the Maputo Agreement that was signed in Mozambique in…

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African Development Fund Approves $5.5 million grant to support energy projects in Horn of Africa

Business
  • African Development Fund has approved $5.5 million technical assistance grant to support projects Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan
  • The East Africa Regional Energy Project will be financed through the ADF-15 Regional Public Good window of the African Development Fund, the concessional arm of the African Development Bank Group
  • It will develop technical studies for regional solar parks and associated battery storage near regional energy inter-connectors, high-voltage cables that connect the electricity systems of neighbouring countries

The African Development Fund has approved a $5.5 million technical assistance grant to begin the roll-out of the flagship Desert to Power initiative in the Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan.

Dubbed the East Africa Regional Energy Project, it will be financed through the ADF-15 Regional Public Good window of the African Development Fund, the concessional arm of the African Development Bank Group.

The project will …