Morocco’s OCP Group to establish US$6.1 billion integrated fertilizer complex in Ethiopia

ETHIOPIA – Morocco’s state-owned phosphate and fertilizer company OCP Group, has signed an agreement with the government of Ethiopia to implement a fertilizer project in Dire Dawa. The project will have an initial estimated investment of approximately US$2.4 billion during the first phase to develop a 2.5-million-ton fertilizer production unit, combining Urea and NPK/NPS products. Its second phase, earmarked to cost US$3.7billion will boost the production capacity to 3.8 million tons per year. The agreement was reached during a high-level delegation visit to Morocco led by Ahmed Shide FDRE Minister…

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Kenya’s manufacturing giant Devki Group invests US$16m in new fertilizer plant, seeks to pump in US$46m to revive Mumias Sugar

KENYA – Devki Group of Companies, industrial manufacturing giant in Kenya, has pumped Ksh 1.8 billion (US$16m) in the establishment of a new fertilizer plant. The new investment has come less than two years after Devki Group’s subsidiary, National Cement Company, acquired ARM assets in Kenya, which included its industrial minerals business, fertilizer unit, silicates business and mining operations for US$50m. The former ARM fertilizer arm and producer of leading brands such as Mavuno Planting, Mavuno vegetables and Mavuno top dressing, has been since renamed to Maisha Mineral Fertiliser. The…

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