ECOWAS Moves on with its Support to the West African Fertilizer Association
Saturday, 7 November, 2020 - 11:15

As part of the stated willingness of the ECOWAS Commission to encourage and support the development of a strong private fertilizer sector in West Africa, Commissioner Sékou Sangaré in charge of Agriculture, Environment and Water Resources took advantage of his mission in Mali for food donations to the Malian Government on behalf of the ECOWAS Commission, to meet with members of the West African Fertilizer Association (WAFA) office in Mali.

This exchange, which took place in the evening of 5 November 2020, focused on the commitment that the ECOWAS Commission has made to facilitate the development of a winning partnership between WAFA and the ECOWAS Investment Bank (EBID) for the funding of private sector fertilizer projects in West Africa.

According to Commissioner Sangaré, the processing of this dossier is well advanced at EBID. As a matter of fact, the mandate between WAFA and the bank has already been signed. The Bank's Board of Directors has also given go-ahead for the establishment of a line of credit of nearly $520 million. This amount should help finance, among others, fertilizer import projects, the purchase of trucks and other equipment for logistics and transport, and the construction of storage facilities.

Considering the high interest aroused by this initiative among partners, such as Germany and the Arab Republics, Commissioner Sangaré encouraged WAFA members in Mali to speed up the preparation and submission of relevant and bankable projects to EBID for financing. He once again reiterated the readiness of the ECOWAS Commission to support any initiative aimed at the development of the private fertilizer sector particularly, and that of other development sectors in general.

For the ECOWAS Commission, working only with the public resources of the States and those of development partners is not enough to boost a real and sustainable development of the region. The private sector therefore has a leading role to play through wealth creation because the development of the region is the responsibility of all its citizens.

WAFA was born from the will of the fertilizer sector players in the region to join forces to meet the fertilizers challenges. It dates from December 2015, but the desire to unite goes back to long ago. It aims to promote access to (availability, affordability, timing) and efficient use of quality and appropriate fertilizers among the farming population of West Africa.