On Tuesday, Moroccan OCP Africa and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB), signed a partnership agreement to support the Ivory Coast’s Agribooster rice program.
Launched in 2018, this program aims to support rice farmers and improve agricultural value chains in this West African country.
Concretely, Agribooster will benefit approximately 20,000 rice farmers and will provide them with “all the conditions necessary to increase their yields and incomes, in particular through the supply of fertilizers and hybrid seeds, training in good agricultural practices and soil fertility as well as market access, ”according to OCP Africa.
Since its implementation, Agribooster has benefited more than 630,000 smallholder farmers in Ghana, Senegal, Nigeria, and Ivory cost, “with an increase in their yield of up to 40% for the main farmers”.
The Ivory Coast, which spends about 300 billion FCFA per year to cover its deficit of between 1 million and 1.5 million tonnes per year, has set the goal of becoming self-sufficient in rice by 2025 and an exporter by 2030.
Nonetheless, between September 2020 and January 2021, several agreements were signed between the Ivorian government and a number of private sector organizations and actors, including OCP Africa, Callivoire, and the FAO.