Following the commissioning, United Capital Fertilizer confirmed that it had formalized a US$1.4 billion financing deal to support the second phase of development
On the industrial front, the OCP Group continued to expand its fertilizer production capacity with the completion of new projects.
The agreement was signed in the presence of Prime Minister Abiy Ahmed and the Nigerian business tycoon, Aliko Mohammad Dangote.
This is part of the Indian company’s plan to increase its fertilizer market share from 12% to 25% by 2026.
Until now, the Ghanaian industry has been limited mainly to fertilizer blending units using imported products.