ISDX8 Dec 2016 10:04
AFRICAN POTASH LIMITED
Growth Market
African Potash Limited is focused on vertical integration of fertilizer operations in Africa and Sub-Saharan potash assets. The Company has a fertiliser supply agreement with the Zambia Co-Operative Federation ('ZCF'), a government body which counts over two million smallholder farmers as members. The agreement falls under the Government of Zambia's recently launched innovative E-Voucher system (the 'E-Voucher Scheme').
The Company also has a fertiliser supply agreement with Rockwell Fertilisers Limited, a supplier and distributor of fertilisers in Zambia. African Potash will supply Rockwell with fertiliser products (NPK and Urea) to be sold on to prospective buyers, namely retail outlets who sell fertilisers to farmers in Zambia. This is supported by the Common Market for Eastern and Southern Africa ('COMESA'), with whom African Potash has an existing agreement, and Nutri-Aid Trust, a Zambian non-profit enterprise ('Nutri-Aid'), with whom African Potash has a trading agreement to sell Urea and other fertiliser products to Nutri-Aid's supply network, which includes over 2,500 agro-outlets certified by COMESA and managed by Nutri-Aid (with each outlet serving on average 300 farmers each).