Africa Fertilizer Financing Mechanism Commits Over $2 Million to Boost Farming in Kenya

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Africa Fertilizer Financing Mechanism
Africa Fertilizer Financing Mechanism

KENYA: The Africa Fertilizer Financing Mechanism has committed more than $2 million to support the distribution of over 7,000 tonnes of fertilizers to smallholder farmers in Kenya. The project, which will run between 2024 and 2026, aims to increase food production, income, and job creation for Kenyan farmers.

The initiative will be implemented in partnership with Apollo Agriculture Limited, a leading agriculture company in Kenya, to sell fertilizers through a part of its network. Most smallholder farmers in Kenya buy fertilizers through informal credit, microfinance institutions, and commercial channels. The project will support Apollo Agriculture Limited to sell fertilizer through a part of its network, thereby improving access to fertilizers for beneficiaries.

The project is expected to improve farming productivity by facilitating access to fertilizers for beneficiaries, thereby boosting farmer income and Kenya’s food security. The Fertilizer Financing for Sustainable Agriculture Management project will improve farming productivity by facilitating access to fertilizers for beneficiaries, thereby boosting farmer income and Kenya’s food security.

“The Fertilizer Financing for Sustainable Agriculture Management project will improve farming productivity by facilitating access to fertilizers for beneficiaries,” said Marie Claire Kalihangabo, Africa Fertilizer Financing Mechanism Coordinator. The project will stimulate the private sector’s fertilizer financing in Kenya, improving food production and the Bank’s Technologies for African Agricultural Transformation.

The fertilizer market’s leading players include importers, blenders, and the Kenyan government, which runs a fertilizer subsidy program. The project will support the distribution of over 7,000 tonnes of fertilizers to smallholder farmers in Kenya, who are the main beneficiaries of the fertilizer subsidy program. The project is expected to increase food production, income, and job creation for Kenyan farmers.

Benjamin Njenga, co-founder of Apollo Agriculture Limited, said: “Apollo Agriculture is pleased to establish a partnership with the Africa Fertilizer Financing Mechanism to support small-scale farmers, thereby boosting farmer income and Kenya’s food security.”

The Board of Directors of the African Development Bank approved the Fertilizer Financing for Sustainable Agriculture Management project because it will stimulate the private sector’s fertilizer financing in Kenya, improving food production and the Bank’s Technologies for African Agricultural Transformation. The project is expected to have a significant impact on the lives of smallholder farmers in Kenya, who are the backbone of the country’s agriculture sector.

In conclusion, the Africa Fertilizer Financing Mechanism’s commitment of over $2 million to support the distribution of fertilizers to smallholder farmers in Kenya is a significant step towards improving food production, income, and job creation for Kenyan farmers. The project, which will run between 2024 and 2026, is expected to have a significant impact on the lives of smallholder farmers in Kenya, who are the backbone of the country’s agriculture sector.

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