AfDB avails $4bn for energy, fertiliser
Mbongeni Mguni | Monday September 28, 2026 12:09
In a statement, directors said the facility, known as the Global Energy And Fertilizer Crisis Response Framework also includes an additional $960 million in concessional funding from the African Development Bank. Directors noted that the ongoing crisis in the Middle East continues to pose a significant external shock to African economies, reflected in rising global prices for energy, food, fertilisers and other commodities on which many African countries remain heavily dependent and import massively.
They said disruptions to global trade routes and logistics, including key maritime corridors, are compounding these pressures by increasing transport costs, delaying deliveries, and amplifying supply chain fragility.
Abdul Kamara, AfDB acting Vice President for Country and Regional Operations, said the funding is about listening and responding to the urgent needs of African countries, helping them protect households and vulnerable populations. He said the facility would keep food, fertiliser and energy systems functioning and preserve hard-won development gains while building greater resilience for the future.