April 24

The Africa Fertilizer Financing Mechanism Receives $7.3 Million to Boost Agricultural Productivity and Smallholder Farmers’ Income

Global Affairs Canada(link is external) 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 the product on credit. It will also boost efforts to improve soil health and provide technical assistance to farmers.

Photo courtesy of Bioversity International.

Source: African Development Bank Group (link opens in a new window)

Agriculture, Investing
smallholder farmers