Madagascar seeks Moroccan fertiliser investment -President

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Madagascar is seeking an investment from Morocco in the fertiliser sector as part of its efforts to achieve farming self-sufficiency, President Andry Rajoelina said.

"We are seeking Moroccan fertilisers as well as investments in the fertilisers' sector," Rajoelina, who visited Morocco in October, told Reuters in an email.

Morocco's state-owned phosphate and fertiliser producer OCP is building blenders across the continent to customise fertilisers, as well as soil nutrient and ammonia production plants in Nigeria and Ethiopia.The setting up of a fertiliser production plant is "a priority" in Madagascar's Emergence Plan, he said.OCP said in October it would allocate 4 million tonnes of fertilisers for the African market next year, double its sales on the continent in 2021.

Previously, in July, it said it was offering 180,000 tonnes of soil nutrients in aid and 370,000 tonnes at a discount to help African states cope with surging prices.

 

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