The African Development Bank is looking to source around 500,000 tonnes of fertiliser for west Africa by the end of August as an emergency stopgap to avert a food crisis, a source with direct knowledge of the matter said.
The move is part of the bank's announced allocation of $1.5 billion to shore up the continent's food production due to the disruptions caused by the Russia-Ukraine war and to help with fertiliser as prices skyrocket, risking significantly lower crop yields.The bank said it has been meeting with CEOs of leading fertiliser companies in Africa and abroad to discuss fertiliser affordability, without confirming the volume sought.
The source said in a meeting in mid-May, it was agreed that the emergency volume could be sourced from Nigeria, supplying 300,000 tonnes of urea, and Morocco, supplying 200,000 tonnes of phosphates and blended fertiliser.
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African Development Bank aims to send emergency fertiliser to west Africa, AfDB_Group is looking to source around 500 000 tonnes of fertiliser for WestAfrica by the end of August as an emergency stopgap to avert a food crisis, a source with direct knowledge of the matter said. Moneyweb AfDB WestAfrica
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