Morocco’s OCP Announces $3.8 Billion Partnership Deal With EthiopiaNovember 19, 2016 — Morocco’s state-owned company OCP and the Ethiopian Ministry of Public Enterprise announced today the signing of a $2.4 billion dollar partnership aimed at building a large scale fertilizer plant in Ethiopia in the hopes of increasing fertilizer usage across the continent, reports Morocco World News. The partnership entails the development of a world-class $2.4 billion fertilizer platform in Ethiopia, according to a statement released on November 19 by the OCP, the Moroccan world leader in the phosphate industry. In terms of fertilizer usage, Africa has a long way to go in comparison to other continents. And the biggest user of fertilizers, North Africa, only uses 47 kg/ha of fertilizer compared to Eastern Asia, for instance, which uses 393 kg/ha of fertilizer nutrients. Source: Morocco World NewsBack

Source: Ethiopian News November 19, 2016 20:53 UTC