The OCP Group, the African Union Commission (AU), and the AU Development Agency signed a Memorandum of Understanding supporting the development of agriculture in Africa.
Rabat – OCP (Office Chérifien de Phosphates), one of the world leaders in the fertilizer industry, signed the memorandum on September 4 in Accra, Ghana.
OCP Group CEO Mostafa Terrab signed the memorandum on the sidelines of the African Forum on the African Green Revolution taking place between September 3 and 6.
The Commissioner for Agriculture and Rural Economy of the AU Commission Josefa Leonel Correia Sacko and the Director of Natural Resources Program of the AU Development Agency (AUDA-NEPAD), Hamadi Diop, also signed the memorandum.
The partnership symbolizes the signatories’ commitment to reducing hunger and poverty through the sustainable transformation of the agricultural sector in Africa.
The partnership intends to enable access to customized fertilizers meeting the needs of soils and crops of each region. It also aims to develop the efficiency of fertilizers’ whole value chain, says OCP in a statement.
The MoU will also help increase the sector’s productivity and reinforce national and regional agricultural policies to reinforce the adoption of good agricultural practices and innovations.
OCP Group has been a major player in Africa’s sustainable development. “The group supports innovative mechanisms … to enable Africa to reach its full agricultural potential while protecting its natural environment,” the statement concluded.
OCP in Africa
OCP has become a major actor in many African countries since it launched its OCP Africa label in 2016. The company is currently present in 16 countries, including Nigeria, Kenya, Cote d’Ivoire, Senegal, Tanzania, and Ethiopia.
In the 16 African countries, OCP Africa has organized numerous training sessions for local farmers.
In February 2019, Morocco’s OCP, owning 75% of the world’s reserves in phosphates, approved the creation of a subsidiary in Ethiopia. The subsidiary aimed to boost the country’s agricultural productivity.
OCP Group sought to sign several deals with other African countries. The group hopes to build an ammonia plant in Nigeria and is considering to build a plant in Ghana in 2020.
OCP also aims to build one blending facility in Rwanda, one in Cote d’Ivoire, one in Ghana, three in Nigeria, and five in Ethiopia.