The African Union (AU) Commission, along with the continental bloc’s Development Agency, AUDA-NEPAD, and OCP Group, a leading global producer of fertilizers, have signed a partnership agreement in order to support and strengthen the steady development of the agricultural sector within the entire African continent.
In a comprehensive Memorandum of
Understanding (MoU) was signed by H.E. Josefa Leonel Correia Sacko, AU Commissioner
for Rural Economy and Agriculture, OCP Group’s Chairman and CEO, Mr Mostafa
Terrab, and H.E. Dr Ibrahim Assane Mayaki, the CEO of AUDA-NEPAD, who was represented by Dr Hamady
Diop. The leaders reached an agreement on the
sidelines of the ongoing African Green Revolution Forum (AGRF), which took
place in Accra Ghana between September 3 and 6, 2019.
The AU, along with AUDA-NEPAD, in partnership with OCP Group, a major African private sector player with extensive global reach, have demonstrated its shared commitment to deepen collaboration with all actors, including the African private sector to fight hunger and poverty in many parts of Africa through the sustainable transformation of the agricultural sector on the Continent.
One of the main goals of the new partnership is to facilitate effective coordination of the implementation and delivery of a set of goals as outlined in the AU’s Malabo Business Plan on Agriculture Transformation which aims to increase productivity and catalyse private sector investment. Both parties seek to promote the use of agricultural inputs, including access to customized fertilizer to the soil and crops of each region, and to develop the efficiency of the fertilizer whole value chain by working on corridors approach.
Within the stated period, agreement will become operationalized by strengthening a conducive environment for private sector investment in agriculture; equipping African Union member states with the right policies and tools to support the achievement of the Abuja commitments on fertilizer use; strengthening efficient and sustainable use for smallholders to increase the sector’s productivity and promote inclusive growth; as well as strengthening national and regional agricultural policies aimed at boosting the adoption of good agricultural practices and innovations.
OCP Group is a major player in Africa’s sustainable development and does so by contributing to the African agricultural ecosystem through support to African farmers and targeted private and public African actors and stakeholder. The Group supports innovative mechanisms aimed at creating resilient and sustainable agricultural productivity to enable Africa to reach its full agricultural potential while protecting its natural environment.
The Comprehensive African Agricultural Development Programme (CAADP) of the AU monitored by the AUDA-NEPAD, is one of the continental frameworks under Agenda 2063 and it aims to help African countries eliminate hunger and reduce poverty by raising economic growth through agriculture-led development as well as promote increased national budget provision to the agriculture sector.