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OCP, USAID partners to improve Africa’s agricultural production

Office Chérifien des Phosphates (OCP) Group, a Moroccan company founded to mine phosphate, will invest $30 Million  (about K 52.5 billion) to support efficient fertiliser use across Sub-Saharan Africa.

Mostafa Terrab, the company’s Chairman, announced this during the signing ceremony of an agreement with the United States Agency for International Development (USAID) that outlines two projects designed to overcome barriers that hinder Africa’s agricultural potential.

“We are delighted to deepen our partnership with USAID collaborating closely on these cutting-edge projects to help unleash the potential of African farmers,” Terrab said.

USAID’s Administrator, Samantha Power said OCP is an important partner as countries around the world are determined to eliminate hunger.

According to a statement issued by the company after the signing ceremony, the OCP-USAID agreement runs for four years.

OCP supports USAID’s $40 million investment in Space to Place, a soil data project, adding to the $100 million initiative.

This backs the continental action plan adopted at the Nairobi Summit, which President Chakwera attended, highlighting Malawi’s efforts to address soil health issues and its success in fertiliser use.

 

By Kondwani Chinele

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