Browsing: Apollo Agriculture Ltd

Africa Fertilizer Financing Mechanism
  • The Project will increase food production, income, and job creation for Kenyan smallholder farmers.
  • Between 2024 and 2026, the project will support Apollo Agriculture Limited’s efforts to distribute fertilizers efficiently.
  • The distribution strategy encompasses leveraging a portion of the company’s network, spanning 150 retail agro-dealers and 800 village-based agents, all under a digital platform.

The Africa Fertilizer Financing Mechanism has taken a significant stride in bolstering agricultural sustainability and productivity in Kenya by extending financial support to Apollo Agriculture Limited. This strategic move involves a $2 million partial trade credit guarantee and a $219,000 grant funding, aiming to facilitate the distribution of over 7,000 tonnes of fertilizers to approximately 100,000 smallholder farmers across the country.

The financial assistance provided by the mechanism reflects a commitment to addressing the challenges faced by smallholder farmers in accessing fertilizers, particularly those hindered by the lack of tangible collateral.

Target beneficiaries under Africa Fertilizer