AfDB avails $4bn for energy, fertiliser

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.