Serious question: has anyone heard any update from IFDC regarding the below? This was in December 2020, and since then, Minbos is not mentioned any more on their website.
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IFDC will work with the public and private sector to create or expand fertilizer demand in select parts of Angola. Minbos is scheduled to begin production of 50,000 tons of fertilizer per year in 2022. With IFDC’s strong record of delivering high-impact projects boost fertilizer usage, demand is expected to exceed 150,000 tons per year. Productivity gains from increased fertilizer use are expected to yield marketable crop surpluses, encouraging further farmer investment in inputs. The project is expected to reach over 4 million smallholder farmers.
Minbos CEO Lindsay Reed said, “As the Company looks to enter production in early 2022, securing market offtake through a program that unlocks value for local smallholder farmers and government stakeholders, as well as Minbos shareholders, is key to our successful collaboration. This first step in developing a project to establish a new market in Angola marks another milestone for the Company."
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Serious question: has anyone heard any update from IFDC...
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