The Board of Directors of the African Development Bank Group has approved a project to provide 60,000 metric tons of fertilizer to 400,000 smallholder farmers in Uganda.

Under the Fertilizer Financing for Sustainable Agriculture Management project, the Africa Fertilizer Financing Mechanism will provide $2 million in partial trade credit guarantees and a grant of $877,842 grant to the African Fertilizer and Agribusiness Partnership(link is external).

Over a three-year duration, the project will support two wholesalers to sell fertilizer with a value of up to fifteen times the value of the $2 million 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 fertilizer to farmers.

source: afdb.org