Nine African countries will benefit from the African Development Bank's African Fertiliser Financing Mechanism this year as fertiliser supply from Russia remains uncertain amid its war on Ukraine. | CdeLENIN
As fertiliser supplies from Russia are disrupted, nine African countries will benefit from the African Development Bank's African Fertiliser Financing Mechanism .Africa faces a shortage of about 30 million metric tons of food amid Russia's war on Ukraine.
Africa now faces a shortage of at least 30 million metric tonnes of food, especially wheat, maize, and soybeans, imported from both countries. Romaric Ollo Hein from the AfDB's communication and external relations department said:"The board of directors also validated the AFFM's 2023 programme of activities: strengthening the fertiliser sector through access to finance, supporting the development of sustainable policy reforms to improve fertiliser production, trade and use, and facilitating access to inputs and technical assistance for smallholder farmers.
Through loan guarantee projects, capacity building for farmers and input distributors and other initiatives, the AFFM plans to make it easier for smallholder farmers to obtain inputs and extension services, as well as ensure adequate fertiliser application, boost agricultural output, and enhance soil quality.
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