OCP GROUP, in particular OCP Foundation, is organizing an African wide competition of agribusiness startups in October/ November this year in Morocco.
The plan is now to have about 200 startups shortlisted for the competition from all over Africa. The startup must be at least 3 years old.
20 startups will participate in the event.
Each winner will get:
Business Specific support (internal and external expertise)
Use of OCP infrastructure
Contact person: Victoria Endeshaw, Business Development Manager via email email@example.com
Source: Financial Times
Moroccan group hails joint-venture expected to boost east African country’s economy
Office Cherifien des Phosphates has signed a deal with Ethiopia to build a $3.7bn fertiliser plant in the east African country.
OCP, which is 95 per cent state-owned, said the deal was among the largest joint ventures in Africa between two developing economies and would create one of the world’s largest fertiliser facilities, with an initial capacity of 2.5m tonnes.
The plant, which is expected to start producing fertiliser in mid-2022, will make a significant difference to Ethiopia’s agriculture sector, which accounts for 45 per cent of the country’s gross domestic product and 90 per cent of its exports.
Ethiopia, one of the world’s fastest growing economies, currently uses 57kg of fertiliser per hectare of wheat and 34kg... Read more