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Africa Needs Fertilizers From Russia to Increase Food Production: Afreximbank Head

10:15, 16 June 2023

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ST. PETERSBURG (Sputnik) - Africa needs supplies of fertilizers from Russia to increase food production on the continent, while some countries use only 10% of the recommended fertilizer levels, Benedict Okey Oramah, the president of the African Export–Import Bank (Afreximbank), said.

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"Africa has 60% of the arable land in the world. It has the most water, but it cannot produce food for itself. Because some countries use less than 10% of the recommended fertilizer levels. To turn this into 30-40%, we are required a big boost on the imported fertilizer. Then Russia is a critical exporter of fertilizers. That is why our partnership with Russia is important," Oramah said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

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Earlier in the day, Oramah said that Russia supplied 30-40% of grain to the continent, accounting for 80% of the needs of Africa.

The SPIEF is taking place from June 14-17.