IFDC, Minbos Resources sign MOU to develop fertilizer market for smallholder farmers in Angola
The International Fertilizer Development Center (IFDC) and Minbos Resources signed a Memorandum of Understanding (MOU) for the Cabinda Phosphate project that seeks to develop the fertilizer market for smallholder farmers in Angola.
The project will leverage IFDC’s innovative research, market expertise and strategic partnerships to identify sustainable solutions for soil and plant nutrition to benefit smallholder farmers, local communities, and the environment.
Angola remains a promising, untouched agricultural resource. With 35 million hectares of arable land, high rainfall, and some of the lowest fertilizer application rates globally, Angolan agriculture proves to be full of potential. Development of Angola’s fertilizer market will be a major step toward increasing food security within the country. Strengthening the market system will make it possible for the country’s smallholder farmers to receive the products they need to grow more food and earn better livelihoods.
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.
Lindsay Reed, CEO, Minbos 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.”