The new platform will build and support sustainable food production and distribution systems in Africa, contributing to skills development, job creation, and food security, the International Finance Corp (IFC) and Morocco’s OCP Group said in a joint statement. However, Africa currently imports a large proportion of its food, reducing the continent's resilience to external shocks. "The partnership between IFC and OCP is working to unlock the full potential of Africa to feed not only itself but the world," Mostafa Terrab, Chairman and CEO of OCP Group, said. "Agriculture is a critical sector for Africa, and we are thrilled to scale up our partnership with OCP to improve food production and attract investment to the continent", IFC Managing Director, Makhtar Diop, said. Diop noted that both IFC and OCP Group will commit resources to grow the platform as well as seek potential investors to join the project.

Source: The North Africa Journal October 11, 2023 10:17 UTC