ECA and OCP sign pact on innovation and investment in agriculture

The Economic Commission for Africa (ECA) and OCP SA (formerly the Sherifian Office of Phosphates) have signed a Memorandum of Understanding aimed at strengthening collaboration in the field of water and sanitation. innovations and investments in agriculture using science and technology.

The agreement includes support for the Africa-AfCFTA Free Trade Agreement and the economic empowerment of women in Africa.

The memorandum of understanding was signed by ECA Executive Secretary, Vera Songwe, and the President and CEO of OCP SA, Mostafa Terrab, in New York, on the sidelines of the high political forum. level which is held Sunday, July 14th.

The agreement recognizes that ECA and OCP share a common vision of Africa's transformation and prosperity. The MoU provides for the continuation and strengthening of the partnership between ECA and OCP to promote all agricultural and commercial ecosystems in Africa and to make a greater contribution to the achievement of sustainable development on the continent. continent.

As the world leader in phosphate products, OCP is a key player in the sustainable development of Africa. It helps to strengthen the entire African agricultural ecosystem by providing support to African countries and farmers. The organization supports innovative mechanisms to create resilient and sustainable agricultural productivity, to develop industrial value chains and to improve commercial ecosystems on the continent. It also supports innovative tailor-made programs and makes substantial investments in economic and social infrastructure for the benefit of diverse communities and sectors in Africa.

As an African knowledge institution, ECA works to promote inclusive and sustainable development to accelerate Africa's economic diversification and structural transformation, in line with the 2030 Agenda for Sustainable Development. and the 2063 Program of the African Union. quality knowledge and applied policy research, as well as the implementation of innovative solutions in key areas such as agriculture, digitization, industrialization, trade, equality gender and finance.

— Economic Commission for Africa