Morocco\u2019s OCP Group, expects to reach a deal this year to build a Nigerian ammonia plant and to start production at a $3.7 billion chemical plant in Ethiopia by 2023\/2024, the chief executive of its OCP Africa subsidiary told Reuters.<\/p>\n\n\n\n
The world\u2019s largest phosphate exporter, which is 95 percent state-owned, is also considering a factory in Ghana in 2020 as it seeks to bring customised fertilisers closer to key African markets, Karim Lotfi Senhaji told Reuters.<\/p>\n\n\n\n
Like many other Moroccan firms, including banks and insurers, OCP has been expanding its investments in Sub-Saharan Africa in recent years, boosting the kingdom\u2019s economic clout.<\/p>\n\n\n\n
Senhaji said the Nigerian plant would cost $1.5 billion and would have a total capacity of 1 million tonnes of ammonia.<\/p>\n\n\n\n
OCP signed a deal in June to build the industrial platform with Nigeria\u2019s sovereign investment authority during a visit paid by Nigeria\u2019s President Muhammadu Buhari to Rabat.<\/p>\n\n\n\n
In Ethiopia, the Moroccan firm expects its chemical plant to be operational by 2023 or 2024, with an initial capacity of 2.5 million tonnes of fertilisers, he said.<\/p>\n\n\n\n
These investments are part of a strategy to boost phosphate-based fertiliser use and production in Africa, he said.<\/p>\n\n\n\n
\u201cWe encourage having this customisation done as close as possible to the farmers or the area of consumption. We don\u2019t aim to produce everything in Morocco,\u201d he said.<\/p>\n\n\n\n
The group plans a blending facility in Rwanda, three in Nigeria, one in Ivory Coast, five in Ethiopia and one in Ghana, with each costing between $8 million and $12 million.<\/p>\n\n\n\n
\u201cThese will be launched in 2019 and we expect to have them ready in 2020,\u201d he said. <\/p>\n","protected":false},"excerpt":{"rendered":"
Morocco\u2019s OCP Group, expects to reach a deal this year to build a Nigerian ammonia plant and to start production at a $3.7 billion chemical plant in Ethiopia by 2023\/2024, the chief executive of its OCP Africa subsidiary told Reuters. The world\u2019s largest phosphate exporter, which is 95 percent state-owned, is also considering a factory in Ghana in 2020 as… Read more »<\/a><\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3300","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/posts\/3300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/comments?post=3300"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/posts\/3300\/revisions"}],"predecessor-version":[{"id":3301,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/posts\/3300\/revisions\/3301"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/media?parent=3300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/categories?post=3300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/tags?post=3300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}