The Moroccan OCP Africa and the International Islamic Trade Finance Company (ITFC), a member of the Islamic Development Bank (IDB) signed a partnership agreement on Tuesday to boost the Agribooster rice program in Côte d’Ivoire.
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 Côte d’Ivoire, “with an increase in their yield of up to 40% for the main farmers”.
Spending approximately 300 billion FCFA each year to make up its deficit within the range of 1 million and 1.5 million tonnes per year, Côte d’Ivoire has set itself the ambition of becoming self-sufficient in rice by 2025 and an exporter. by 2030.
That said, from September 2020 to January 2021, several agreements were signed between the Ivorian government and several organizations and actors in the private sector, including OCP Africa, Callivoire and FAO.