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May 17, 2023

OCP mulls phosphates investment in Togo

Morocco’s phosphates and fertilizers producer OCP said it plans to launch a

Morocco's phosphates and fertilizers producer OCP said it plans to launch a feasibility study for the setting up of a phosphate-based fertilizers plant in Togo.

A deal was signed by Togolese agriculture minister Antoine Kepka Gbebgeni and head of OCP Africa Mohamed Anouar Jamali.

The plant is expected to be achieved in the medium term and would mesh up with Togo's agriculture development plan.

OCP has set up blending units across Africa to customize fertilizers and reduce their prices downstream.

It also plans fertilizers production at large-scale plants in Ethiopia and Nigeria, that would enable these two-African heavyweight to meet their food security needs and export fertilizers surplus.

OCP pledged to dedicate 4 million tons of phosphorus-based fertilizers to the African market in 2023, that is double the quantity it sold on the continent in 2021.

OCP has heavily invested in the development of eco-responsible fertilizer production capacity, reaching 15 MT of finished product by 2023, from a base of 3MT in 2008. This enables OCP to respond to Africa's urgent needs while also supporting farmers around the world.

Thanks to OCP's supply of customized fertilizers, Senegal's millet yield jumped 63% and Nigeria's corn yield 48%, with similar results in Ghana and elsewhere. OCP's involvement in Ethiopia has seen wheat, corn, and teff yields increase by up to 37%.

Last year, OCP offered 180,000 tons of customized fertilizers in donations and 370,000 tons at a reduced price to help many African countries secure their soil nutrients needs amid a surge of prices in the international demand.