The International Fertilizer Industry Association (IFA) made a great announcement in conjunction with the African Development Bank at the Financing for Development conference in Addis Ababa this week.
The Africa Fertilizer Financing Mechanism (AFFM) is being operationalization this year by the African Development Bank. Charlotte Hebebrand, IFA’s Director General, congratulated the Bank and its incoming President, Minister Akin Adesina, who “was one of the architects of the 2006 Abuja Fertilizer Summit, and understands so well the importance of sustainable input use for driving agricultural productivity.”
Hebebrand pledged financial support from the industry to the AFFM, which should be used to support access to finance to strengthen the “missing link of the African fertilizer supply chain:” the SMEs who can bridge the gap between fertilizer producers and farmers. Hebebrand spoke of IFA’s pledge as one of the fertilizer industry’s contributions to helping implement the Sustainable Development Goals.
Read the full press release here.