Amount The Africa Fertilizer Financing Mechanism (AFFM), managed by the African Development Bank, will provide the African Fertilizer and Agribusiness Partnership (AFAP) in Tanzania a $2 million partial credit guarantee to assist suppliers and importers to purchase fertilizer for Tanzanian hub agro-dealers. A $528,600 grant will be provided to cover 94% of the project’s recurrent costs. AFAP will contribute the remaining 6% of costs.

The project aims to increase productivity by enabling timely access to and appropriate fertilizer use by smallholder farmers. It will enhance access to quality inputs through a functional, efficient and sustainable fertilizer supply chain in Tanzania and improve access to finance for large fertilizer distributors.

Source: afdb.org