LEVERAGING INVESTMENTS TO INCREASE ACCESS TO FERTILIZER UTILISATION BY SMALLHOLDER FARMERS (AFDB-P-Z1-AAZ-051)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 22, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
AFRICAN FERTILIZER AND AGRIBUSINESS PARTNERSHIP
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 0.74 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jul 10, 2018

Disclosed by Bank Jun 22, 2018


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Project Description

The Project objectives are to expand the supply and distribution of fertilizer by more than 200,000 metric tonnes by leveraging investments. The grantee is the African Fertilizer and Agribusiness Partnership (AFAP).

AFAP will target companies, which will be seeking funding ranging from US$10- 40 million.

The target beneficiaries are the (2 to 4) Fertilizer Production or Blending Facilities, (10) Joint Ventures and (10) Hub agro-input dealer networks to serve smallholder farmers and (1000) youth and women with jobs in the agribusiness sector. AFAP will facilitate the creation of at least 1,000 jobs for youth and women via those supporting business units to the market-oriented hub agro- input dealers.

Investment Description
  • African Development Bank (AFDB)
Private Actors

AFAP is a partnership between a number of African and international development partners with the goal of increasing private sector participation and investment (both financial and technical) in order to increase the supply of affordable fertilizer to smallholder farmers.

Contact Information

AFUN-OGIDAN Olukemi Dolly

*Further contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.