African Fertilizer and Agribusiness Partnership (AFAP)’s Post

AFAP at #AFSHS2024: Reliable Financial Mechanisms for Fertilizer Development in Africa During the recent African Union Fertilizer and Soil Health Summit convened in Nairobi, Kenya, AFAP took the lead in organizing a series of parallel sessions dedicated to addressing crucial challenges within the agricultural sector including a standout side-event was titled "Reliable Financial Mechanisms for Fertilizer Development in Africa". Moderated by Michael Sudarkasa, President and CEO of AFAP, the session featured a keynote presentation on by Marie Claire Kalihangabo, Coordinator of the African Fertilizer Financing Mechanism (AFFM) at the African Development Bank (AfDB).  The presentation provided insights into the future of fertilizer finance in Africa, emphasizing perspectives from the AFFM and broader developmental finance strategies. The presentation was followed by a moderated panel discussion with seasons knowledge expects including Matthew Leonard, Agri-Finance Advisory Lead for East & Southern Africa at the International Finance Corporation (IFC), World Bank; Ben Valk, Global Head Food and Agri Partnerships at Rabobank, and Executive Director, Sustain Africa; Lade Araba, Vice-President, Financial Services, AFAP; Maregesi Shaaban, Head of Agribusiness, CRDB Bank Plc; and Jullian Palliam, CEO of Foskor. The panel shed light on financing facilities and programs available in Africa's fertilizer landscape and their pivotal role in driving industry development over the coming decade. These include AFAP’s Africa Trade Credit Guarantee Program schedule for launch in Kigali, Rwanda during the Inaugural African Hub Agro-Dealer Development Conference (HADC).

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