“Afreximbank’s $1.4 billion investment in the AMUFERT fertilizer plant is a strategic and transformative move for Angola. This initiative not only addresses critical gaps in agricultural self-sufficiency but also underscores the interconnected role of energy in driving sustainable agricultural development. The involvement of OPAIA GROUP and Sonagas is pivotal to the project’s success and will set a new benchmark for industrial growth and economic resilience in Angola,” Executive Chairman of the AEC NJ Ayuk says.
Currently, Angola imports over $120 million worth of fertilizers annually to meet local consumption demands. The completion of the AMUFERT plant, with its full production capacity of 3,870 tonnes of fertilizer per day – with production expected to start early 2027 – is expected to dramatically reduce these imports. This move is not only economically beneficial but is also critical for the country’s food sovereignty.
Early 2027
Above just released in August 2024
Seen as crucial to the countrys food sovereignty
@chuk
“Afreximbank’s $1.4 billion investment in the AMUFERT fertilizer...
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