African countries have been called to increase investments in Africa’s fertilizer value chain to boost agricultural yields and build the industry across the continent. The call was launched by the Africa Fertilizer Financing Mechanism during its Governing Council held last week in the headquarters of the African Development Bank in Abidjan. The Governing Council, attended by its 12 institutional members, reviewed its 2019 activities and defined the body’s strategic direction for 2020, said the AfDB in a press release. “The Africa Fertilizer Financing Mechanism (AFFM) has now effectively started implementing its activities as its first agreements were signed in 2019 to foster the fertilizer market in Nigeria and Tanzania. “Transforming the fertilizer value chain requires that governments, development organizations, the private sector, civil society and farmers come together to strategize on solutions that can appropriately address challenges the agriculture sector is currently facing in Africa,” the commissioner said.

Source: The North Africa Journal February 02, 2020 00:45 UTC