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Economic Commission for Africa signs agreement on innovation and agriculture investments

The Economic Commission for Africa (ECA) and the OCP SA, formerly known as the Cherifien Office of Phosphates, have signed an MoU to strengthen collaboration on innovations and investments in agriculture using science and technologies

The agreement includes support to the African Continental Free Trade Agreement (AfCFTA) and women’s economic empowerment in Africa.

The MoU was signed by the ECA executive secretary Vera Songwe and OCP SA chair and CEO Mostafa Terrab in New York on the margins of the ongoing Political Forum on 14 July.

The agreement recognises that ECA and OCP have a shared vision for Africa’s transformation and prosperity. The MoU provides for continued and strengthening partnership between ECA and OCP in fostering the entire agricultural and business ecosystems in Africa and making a more impactful contribution towards attaining sustainable development on the continent.

As a global leader in phosphate products, OCP is a major factor in Africa’s sustainable development and does so by contributing to bolstering the entire African agricultural ecosystem through support to African countries and farmers. The organisation supports innovative mechanisms aimed at creating resilient and sustainable agricultural productivity, developing industrial value chains and improving business ecosystems on the continent. It supports tailored innovative programmes and makes substantial investments in economic and social infrastructure for the benefit of various communities and sectors in Africa.

ECA focuses on promoting inclusive and sustainable development in support of accelerating the economic diversification and structural transformation of Africa, in line with the 2030 Agenda for Sustainable Development and the African Union Agenda 2063. It does so by generating high-quality knowledge and applied policy research as well as implementing innovative solutions in important focus areas including agriculture, digitalisation, industrialisation, trade, gender and finance.