News

Morocco and Nigeria partner for agriculture development

  • Comments   -   Monday, 11 June 2018 - 16:27

(Ecofin Agency) - Yesterday June 10, Morocco and Nigeria clinched two cooperation agreements in the field of agriculture.

The first was signed between the Cherifian Phosphate Office (OCP) and the Nigerian Sovereign Investment Authority to develop a plant for ammonia and byproducts production.

The second concerns professional training in agriculture and technical support within both countries’ agriculture ministries.

According to OCP, these new agreements are part of the continent’s strategy to invest in fertilizer production to boost agricultural production. To this end, the group (95%-owned by the Moroccan government) has already signed in December 2016 an agreement with Dangote for the construction of a Fertilizer Production Platform which will be powered by gas from Nigeria and phosphate provided by OCP.

Let’s note that the facility is set to annually generate 1 million tons of urea as of this year.

Espoir Olodo

On October 18, 2018, Léon Juste Ibombo, Congo’s minister of posts and...
Read more |  19 October 2018
JSE - listed (Johannesburg Stock Exchange) IT company Altron and Huawei partnered to...
Read more |  19 October 2018
Bank of Kigali will issue new shares at CFA270 each, the bank...
Read more |  19 October 2018
Kenya plans to attract about 2.5 million tourist arrivals per year by...
Read more |  19 October 2018
Tunisia is being watched by the Eurobond market following its announcements that...
Read more |  19 October 2018
The African Development Bank’s efforts to channel critical investment funding to Africa’s...
Read more |  19 October 2018
Kenya plans to attract about 2.5 million tourist arrivals per year by...
Read more |  19 October 2018
Tunisia is being watched by the Eurobond market following its announcements that...
Read more |  19 October 2018
The African Development Bank’s efforts to channel critical investment funding to Africa’s...
Read more |  19 October 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.