African Development Bank (AfDB) says bank will help African countries reduce the sharp increase in fertiliser prices.
Written by News Room on April 21, 2022
The African Development Bank (AfDB) says the bank will help African countries reduce the sharp increase in fertiliser prices by providing support to the government and farmers.
The Director, Agriculture and Agro-Industry of the bank, Dr Martin Fregene, said this at a virtual news conference on Wednesday in preparation for the 2022 annual meetings to be held in Accra, Ghana.
Fregene said the bank had a new 100 billion dollars emergency facility that was being worked upon to facilitate the action.
The acting Chief Economist and Vice President for Governance and Knowledge Management of the bank, Professor Kevin Urama, said the theme of the knowledgeable meeting would help countries become climate resilient.
Amen J Kantiyok