AGRA’s scandalous subsidisation of big fertiliser, financial and agribusiness corporations in Africa
In a scandalous move of skulduggery, the African Fertiliser and Agribusiness Partnership (AFAP), under the guise of empowering smallholder farmers in Africa, is subsidising multinational fertiliser and financial corporations on African soil. Other beneficiaries of this scheme are the global grain trading and food processing giants.
AFAP, established in 2012, with a grant of US $25 million from the Alliance for a Green Revolution in Africa (AGRA)-the biggest grant given to a single recipient by AGRA so far- is ostensibly working towards ensuring that African smallholder farmers grow food and profits. However, according to a new report from the African Centre for Biosafety (ACB) – The African Fertiliser and Agribusiness Partnership (AFAP): The missing link in Africa’s Green Revolution, AFAP’s main focus is the provision of credit guarantees to importers and distributors of fertilisers in Ghana, Mozambique and Tanzania.
“In essence, AFAP is using development funds, as well as money from the Ethiopian government – one of the least developed countries in the world – to subsidise multinational fertiliser companies such as Yara, which dominates the fertiliser trade in Africa. This also extends to large multinational banks such as the Standard Bank Group, Barclays and the Dutch firm Rabobank, who