Fund for African Private Sector Assistance (FAPA) grant of US $1 million will help to increase affordability, accessibility and incentives for fertilizer use among smallholder farmers in Africa and expand the supply and distribution of fertilizer by leveraging investments. This grant is also intended to create over 1,000 jobs for women and youth. AFAP, the grantee, will match the FAPA grant.
The agreement was signed yesterday by Jennifer Blanke, the African Development Bank’s Vice-President for Agriculture, Human and Social Development, and Jason Scarpone, CEO of the African Fertilizer and Agribusiness Partnership.
This initiative complements the AFD Bank’s strategy for transforming agriculture value chains in Regional Member Countries and strengthening private enterprises. It also helps improve access to finance for blending companies and joint ventures in the agriculture sector. It will enhance distribution through agriculture input systems with agro-dealer networks in the targeted countries: Côte d’Ivoire, Ghana, Nigeria, Mozambique and Tanzania.
More about FAPA:
The Fund for African Private Sector Assistance (FAPA), is a multi-donor trust fund that provides grant funding for technical assistance activities to public and private sector entities domiciled in Africa. FAPA resources are utilized to promote innovative programs that specifically support the development of SMEs in Africa. FAPA is one of the components of the Enhanced Private Sector Assistance (EPSA) initiative hosted at the African Development Bank.