12 °c
London
Friday, June 2, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Ethiopia

Morocco to establish US$3.7B fertilizer factory in Ethiopia

FurtherAfrica by FurtherAfrica
September 20, 2021
in Africa, Ethiopia, Industry, Manufacturing, Morocco, Trade
Reading Time: 2 mins read
944 10
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Ethiopian gas and Moroccan phosphoric acid natural resources, the Government of Ethiopia signed a Joint Development Agreement with OCP Group, a Moroccan State-Owned phosphate rock miner, phosphoric acid manufacturer, and phosphate fertilizer producer to implement a fertilizer project in Dire Dawa.

The project will have an initial estimated investment of approximately $2.4 billion during the first phase to develop a 2.5-million-ton fertilizer production unit, combining Urea and NPK/NPS products, and which could reach a production capacity of 3.8 million tons per year, for a total investment of up to $3.7 billion during the second phase.

The agreement was reached during a high-level delegation visit to Morocco led by Ahmed Shide FDRE Minister of Finance and accompanied by officials from the Ethiopian Chemical Industry Corporation (CIC), the Ethiopian Agricultural Businesses Corporation (EABC), and the Ethiopian Mineral, Petroleum, and Biofuel Corporation (EMPBC), according to the statement from the Ministry of Foreign Affairs of Ethiopia.

Also read: Energy – The Morocco Country Spotlight (video)

The visit was used to discuss and reach an agreement to execute a Joint Development Agreement to establish an Ethiopian joint venture company for the implementation of a project that will establish a local fertilizer plant in Ethiopia.

The agreement is based on Feasibility, Conceptual, Environmental and Social Impact Assessment and Hydro & Geotechnical studies that have been conducted. According to the agreement, an integrated fertilizer complex will be established in Dire Dawa, using local resources (Ethiopian gas and Moroccan phosphoric acid).

It is firmly believed this project will have significant contributions in meeting Ethiopia’s continuously growing demand for fertilizers(primarily Urea and NPS+). As of 2022, fertilizer imports in Ethiopia are estimated to reach $1 billion, and could potentially reach $2 billion in 2030.

“The Government of Ethiopia affirms its firm support for agriculture and continues to working tirelessly to find tailored solutions to agricultural and industrial challenges of the country,” stated the Ministry of Foreign Affairs of Ethiopia in its statement.

Related

Source: New Business Ethiopia
Tags: Dire DawaEthiopian gasMoroccan phosphoric acid natural resourcesMorocco to establish US$3.7B fertilizer factory in EthiopiaOCP Groupphosphate fertilizerphosphate rock minerphosphoric acidurea
ScanSendShare382Tweet239Share67Pin86Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Economy

EBC and MultiChoice to strengthen combat of piracy in Ethiopia

by FurtherAfrica
June 2, 2023
Ethiopia energy access
Energy

South Africa private companies to add 4Gw to grid by end 2024

by FurtherAfrica
June 2, 2023
Guidelines for PanAfrican payments and settlement system in Nigeria
Energy

TotalEnergies renews production license for Nigeria’s deep offshore block

by Energy Capital & Power
June 2, 2023
Venture Capital

South African digital bank Tyme raises US$77.8M

by TechGist Africa
June 2, 2023
Banking

AfDB appoints Richard Kwaku Ofori-Mante acting director of the agricultural finance and rural development dept

by Fabio Scala
June 2, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Economy

EBC and MultiChoice to strengthen combat of piracy in Ethiopia

by FurtherAfrica
June 2, 2023
0

MultiChoice Africa Holdings B.V (MAH) and the Ethiopian Broadcasting Corporation (EBC) have announced today a new cooperation agreement in the...

Read more
Ethiopia energy access

South Africa private companies to add 4Gw to grid by end 2024

June 2, 2023
Guidelines for PanAfrican payments and settlement system in Nigeria

TotalEnergies renews production license for Nigeria’s deep offshore block

June 2, 2023

South African digital bank Tyme raises US$77.8M

June 2, 2023

AfDB appoints Richard Kwaku Ofori-Mante acting director of the agricultural finance and rural development dept

June 2, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107,193 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?