Fertilizer company OCP Group secures US$350m loan facility from Afreximbank

MOROCCO – African Export-Import Bank (Afreximbank), the Pan-African multilateral EXIM Bank, has signed a 7-year US$350 million Term Loan Facility to provide financing to OCP Group, a phosphate mining and leading fertilizer company, to support its expansion plans across Africa. The financing is part of Afreximbank’s remit to advance regional trade in Africa where its support is prioritized towards activities of African multinational corporations dubbed “Intra-African Trade Champions” – reflecting their status as key actors in the expansion and acceleration of Intra-African trade. Prof. Benedict Oramah, President of Afreximbank, observed…

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Fertilizer giant OCP Group launches agricultural development centered website to promote industry growth

MOROCCO – Morocco’s state-owned phosphate and fertilizer group OCP group has launched a new website dedicate to promote the establishment of agricultural ecosystem under the Al Moutmir initiative. Al Moutmir initiative launched in 2018 is OCP’s model of integrated agricultural development, encompassing a multi-service offering of innovative and personalized solutions to better support farmers. This initiative is focused on promoting best agricultural, technical and governance practices, and in particular uses fertilization as a real lever to improve productivity and preserve natural resources. The newly launched online platform is further expanding…

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OCP Africa breaks ground on US$13m fertilizer blending plant in Nigeria

NIGERIA – OCP Africa, a subsidiary of leading global provider of phosphate and its derivatives in the region, OCP Group, is investing US$13m in the establishment of an Agricultural Centre of Excellence in Sokoto State, Northern Nigeria. According to reports by This Day, the facility will comprise of a fertilizer blending plant and a training center for farmers, fertilizer blenders and other stake holders in the agricultural value chain. Having a production capacity of 200,000 MT per annum, the blending plant is expected to become operational in July 2021. It…

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OCP signs pact with Cote d’Ivoire to make it sustainable in rice production

COTE D’IVOIRE – The government of Cote d’Ivoire has signed a Memorandum of Understanding (MoU) with OCP Group, to revive rice production in the country. Present at the signing of the agreement was Cote d’Ivoire’s Minister of Rice promotion, Gaoussou Toure, the representative of OCP Africa, Mohamed Benzekri, as well as Morocco’s Ambassador in Abidjan, Abdelmalek Kettani. According to reports by Morocco World, the agreement intends to boost the implementation of the rice strategy in Cote d’Ivoire, aiming for the country to be self-sufficient before 2025 and become one of…

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OCP Africa, Ethiopian Polytechnic launch an Impulse start up acceleration program

ETHIOPIA – OCP Africa a subsidiary of OCP Group and Mohammed VI Polytechnic University (UM6P), to start impulse start-up acceleration program to build linkages between corporations and start-ups using Agritech solutions in Ethiopia. The program aims to help unlock Ethiopia’s agricultural potential, according to the press statement from the company following the implementation of the program in three other African countries.  “Following the success of the Impulse program in Ghana, Nigeria and Ivory Coast, OCP Africa is making a last stop in Ethiopia, to convene with key stakeholders from the…

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