Afreximbank signs $350m loan to provide financing for fertilizer company

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“OCP Group’s products, which are tailored to the needs of African farmers, will generate broad and deep improvements...

, says the signing of a seven-year 350 million dollars term loan facility will provide financing to OCP Group, the world’s largest phosphate mining and leading fertilizer company.that the facility would support OCP Group’s expansion plans across Africa.

Mr Oramah said that the bank was also fulfilling its mandate of facilitating export development in the continent and promoting intra-African trade and investments.“OCP Group’s products, which are tailored to the needs of African farmers, will generate broad and deep improvements to the continent’s ability to compete in international agricultural markets.

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