OCP Africa is planning to team up with Agro Processing Trust Corporation (APTC) and the State of Rwanda in a $6.3m joint venture to launch a fertiliser business in Rwanda. The company will be based at APTC’s new facility on the outskirts of Kigali, which was built by German firm ThyssenKrupp. The venture will see OCP with a 57.4% stake, and will enable the fertiliser firm to expand its presence in Africa, while APTC will own 30% and Rwanda will hold the remaining 12.6%.
OCP Africa is planning to team up with Agro Processing Trust Corporation (APTC) and the State of Rwanda in a $6.3m joint venture to launch a fertiliser business in Rwanda. The Rwanda Fertilizer Company will manufacture, import and export fertilisers, with the pledge of helping to provide agricultural producers in the country with the resources they need in order to succeed. The venture will see OCP with a 57.4% stake, and will enable the fertiliser firm to expand its presence in Africa, while APTC will own 30% and Rwanda will hold the remaining 12.6%.