Casablanca — 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. 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. “This game-changing partnership is based on a common vision between Morocco and Ethiopia for sustainable agricultural development across Africa and reinforces economic ties between the two countries,” says the OCP statement. In terms of fertilizer usage, Africa has a long way to go in comparison to other continents. The partnership between Ethiopia and the OCP will be an important step in that direction.

Source: Ethiopian News November 19, 2016 18:11 UTC