Grants and Contributions:
Title:
Africa Fertilizer Financing Mechanism
Agreement Number:
7455158 P012793001
Agreement Value:
$10,000,000.00
Agreement Date:
Dec 8, 2023 - Mar 31, 2024
Description:
This project aims to increase smallholder farmers’ sustainable agricultural productivity and incomes, including women and youth in Africa. It seeks this through the Africa Fertilizer Financing Mechanism, a special fund established by the African Union`s member states and managed by the African Development Bank.
Project activities include: (1) providing financial products and support (i.e., credit guarantees) to targeted small and medium enterprises. It does so to improve smallholder farmers’ access to fertilizers and other critical inputs, particularly for food crops; (2) supporting the advocacy and development of policy reforms to enhance fertilizers availability and productivity and soil health; and (3) facilitating smallholder farmers (including women and youth) access to inputs, technical assistance, and extension services to improve food production, revenues and soil health.
The project aims to increase the productivity of three selected strategic commodities by a minimum of 30%. It does so through adopting better fertilization and plant health plans. The project seeks to reach a minimum of 800,000 farmers (at least 40% women). It also seeks to support at least three policy and regulatory reform initiatives in selected countries. These initiatives address the legal, structural, and technical challenges of accessing and using fertilizers and soil, health and safety, and environmental stewardship and advocacy.
Organization:
Global Affairs Canada
Expected Results:
The expected outcomes of this project include: (1) improved soil health and fertility for sustainable agriculture production in eligible countries; (2) improved livelihood of smallholder farmers, including women and youth, by improving the input supply chain in eligible countries; and (3) improved policies and regulatory instruments for promoting gender-sensitive and sustainable soil management practices in eligible countries.
Location:
Abidjan, CI 1002
Reference Number:
064-2023-2024-Q3-00087
Agreement Type:
Grant
Report Type:
Grants and Contributions
Recipient Business Number:
6000000000000
Recipient Type:
Not-for-profit organization or charity
Recipient's Legal Name:
AfDB - African Development Bank Group
Program:
International Development Assistance Program
Program Purpose:
The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.