Morocco

The fund is designed to make control investments in small- and lower-mid-cap companies across Africa, targeting what the firm describes as the continent’s largest and most undercapitalized segment.

The move strengthens the group’s global reach as demand for fertilizers rises across key markets.

Global tension in energy markets pushes nitrogen fertilizer prices higher while Morocco’s phosphate sector shows steadier outlook.

This strategic takeover comes at a pivotal moment for Forafric, which has been grappling with a complex financial restructuring while maintaining its status as a leading player in transforming wheat and producing staple goods like flour, semolina, and couscous.

The company linked the increase to better market conditions and stronger demand.