12 °c
London
Monday, June 27, 2022
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
905 9
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
ScanSendShare366Tweet229Share64Pin82Send
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

Angola TAAG to open Luanda-Madrid route
Travel

Angola TAAG to open Luanda-Madrid route

by FurtherAfrica
June 26, 2022
Economy

Zimbabwe plans triple-digit interest rate hike to tame inflation

by FurtherAfrica
June 26, 2022
Economy

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

by FurtherAfrica
June 26, 2022
Travel

9 fun places in Nigeria for a perfect family takeout

by See Africa Today
June 26, 2022
Spotify takes big dive into Africa
Music

Spotify and COLORS collaborate to promote Nigeria musical talent

by BOTSWANA UNPLUGGED
June 26, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Angola TAAG to open Luanda-Madrid route
Travel

Angola TAAG to open Luanda-Madrid route

by FurtherAfrica
June 26, 2022
0

Direct flights between Luanda and Madrid, operated by the Angolan airline TAAG, start Monday (27), representing an added value for...

Read more

Zimbabwe plans triple-digit interest rate hike to tame inflation

June 26, 2022

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

June 26, 2022

9 fun places in Nigeria for a perfect family takeout

June 26, 2022
Spotify takes big dive into Africa

Spotify and COLORS collaborate to promote Nigeria musical talent

June 26, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

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

Join 73,051 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?