Africa: IFC and OCP Group Launch $800m Agri-Finance Platform to Build Sustainable Food Systems in Africa

IFC and OCP Group, the world's largest phosphate-based fertilizer producer, today launched an agri-finance platform to mobilize $800 million of blended capital by 2030. The new platform will build and support sustainable food production and distribution systems in Africa, contributing to skills development, job creation, and food security.

"Today we take a major step towards a just African agricultural transformation by mobilizing substantial new financing for African farmers and for the value chains that support them" said Mostafa Terrab, Chairman and CEO of OCP Group."The partnership between IFC and OCP is working to unlock the full potential of Africa to feed not only itself but the world."

Besides providing funding, the platform will undertake in-depth studies of targeted value chains to identify the challenges facing the sector and design solutions. The platform aims to foster the emergence of African champions and enable best practices to be shared so that success can be replicated across Africa.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa: Academy for Young Winemakers Aims to Diversify South Africa's Wine Industryitemprop=description content=One of the world's top 10 wine producers, South Africa owes some 9 percent of its GDP to the wine sector - but the industry remains dominated by the white minority. A training academy for young South Africans from disadvantaged backgrounds aims to change that.
Source: allafrica - 🏆 1. / 99 Read more »