The African Union (AU) has highlighted the need for a $15 billion private sector investment to enhance local manufacturing of mineral fertilizers across Africa. In a statement released on May 6, 2024, the AU emphasized the importance of regional cooperation in fertilizer policy, research, and development, as well as investment pooling to increase production capacity and facilitate cross-border trade.
The AU aims to achieve a significant increase in local production of mineral fertilizers by 2033, aiming to reduce Africa’s reliance on the global market.
Furthermore, the AU advocates for the identification of local organic sources that can be utilized for fertilizer manufacturing, reducing dependence on global markets and shortening the supply chain. This initiative seeks to promote self-reliance and enhance agricultural productivity across the continent.