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Fertilizer bid valued at USD 400 mln awaits decision

The Ethiopian Agricultural Business Corporation is waiting on the government’s approval on a multimillion dollar fertilizer bid, The Reporter has learnt. The procuring entity sent a letter to Ministry of Agriculture and Natural Resource for the approval before it proceeds to the next steps.

Fertilizer giant to revamp blending factories

The OCP Group – a Moroccan fertilizer giant – is to revamp the five state-owned fertilizer blending factories which were damaged following an import of substandard fertilizers, The Reporter has learnt.

Huge loss incurred as fertilizer stocks languish at port

Over 370k quintals of fertilizers unused due to quality problems Unclaimed stocks of fertilizers that was supposed to be transported to the hinterland remains accumulated at the Port of Djibouti for three years, leaving the nation liable for extra cost, including demurrage, interest rate and penalty fees amounting to over 572 million birr, and counting, according to the Ethiopian Agricultural Works Corporation.

Moroccan businesses come in full force

Almost three-fold in number from last year’s delegation that visited Ethiopia, 90 Moroccan businesses have arrived in Addis Ababa this week to take part in the 3rd Ethio-Moroccan Business Forum where companies such as OCP and Tanger Med Group have expressed possibilities of investing in the sugar, livestock feeds and industrial park development projects in Ethiopia.