Agriculture

AfDB Boost Farmers Access To Fertilizers With $2.9m In Uganda

The African Development Bank (AfDB) Board of Directors of Group has endorsed a project to provide 60,000 metric tons of fertiliser to 400,000 smallholder farmers in Uganda.

BrandNewsDay understands that the African Bank made this known via a statement issued on its website on Sunday, adding that the $2.9m support would be done under the Fertiliser Financing for Sustainable Agriculture Management project.

The statement reads: “Africa Fertilizer Financing Mechanism will provide two million dollars in partial trade credit guarantees and a grant of 877,842 million dollars to the African Fertiliser and Agribusiness Partnership.

Advertisement

“Over a three-year duration, the project will support two wholesalers to sell fertiliser with a value of up to fifteen times the value of the two million dollar partial trade credit guarantee.

“It will also link wholesalers to around twenty-five hub agro-dealers and 125 retail agro-dealers who will on-sell the fertiliser to farmers.”

The bank said the credit facility would reduce the risks associated with suppliers lending fertilisers to wholesalers on credit.

Advertisement

The AfDB statement reiterated that the project was expected to boost yields and provide training to 3.4 per cent of targeted farmers with 40 per cent of them women.

It further stated they would be using improved seeds, balanced crop nutrition and best farming practices.

Meanwhile, Marie-Claire Kalihangabo, Coordinator of, the Africa Fertiliser Financing Mechanism, said in Uganda that the fertiliser consumption was about 2.5 kg/ha.

Advertisement

According to Kalihangabo, the project will help to make fertiliser more accessible and appropriately used by farmers.

She expressed delight as it would in turn boost agricultural productivity and help to improve food security in the country.

“The project will advance the Bank’s Feed Africa Strategy by increasing food productivity and security.

Advertisement

“It builds on the results of the Sustain Africa Initiative, the Bank’s Country Strategy Paper for Uganda 2023–2026.

“The project was approved on Sept. 22,” she said.

Facebook Comments
Advertisement
Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

Recent Posts

LinkedIn Hires Anthony Chavez As Chief Product Officer For Marketing & Sales Solutions In 2026

LinkedIn, the professional networking platform, has appointed Anthony Chavez as its new chief product officer…

1 week ago

Abbey Mortgage Bank Holds 34th Annual General Meeting

Abbey Mortgage Bank Plc has successfully concluded its 34th Annual General Meeting (AGM), reaffirming the…

2 weeks ago

AMEC Launches GEO Principles To Bring Rigour To AI-led Communications Measurement

AMEC, the International Association for the Measurement and Evaluation of Communication, has launched the AMEC…

2 weeks ago

Stanbic IBTC Bank Nigeria PMI®: New Order Growth Hits Nine-month High In May

The headline figure derived from the survey is the Stanbic IBTC Bank Nigeria PMI® Purchasing…

2 weeks ago

How To Create Profitable Ice Cream Business In Nigeria Despite Challenges

Starting an ice cream venture in Nigeria presents strong profit potential for entrepreneurs who can…

3 weeks ago

WARC Unveils Multiplier Playbook: The CMO’s Guide To Integrating Brand And Performance Advertising

May 19, 2026 – There is a “say-do gap” in Brand and Performance Advertising: most…

3 weeks ago

This website uses cookies.