African Potash Meets With Ugandan President to Discuss Project Cooperation
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Fertilizer trader African Potash said it recently met with the president of Uganda to discuss potential opportunities for co-operation.
Executive chairman Chris Cleverly and director Lord Peter Hain, former UK cabinet minister, met with His Excellency Yoweri Museveni and a delegation of officials in Kampala, to discuss potential opportunities to develop a fertilizer industry in Uganda to enhance the local agriculture sector.
Cleverly said: “As part of our strategy to aggressively expand our fertilizer business throughout the Common Market for Eastern and Southern Africa (COMESA) region, we continue to look at opportunities for developing a profitable and scalable fertilizer trading operation across Africa.
“We were delighted to be invited by President Museveni to discuss potential opportunities for co-operating in the future with regards to investment in fertilizers.”
The firm struck an agreement with COMESA, a free trade union for 20 African states, to supply at least 500,000 metric tonnes of fertilizers a year to off-takers identified and introduced by COMESA.
Source: (January 22, 2016) Proactive Investors
About African Potash
African Potash was established to invest in/acquire potash assets or projects in sub-Saharan Africa. The Directors believe the fundamentals of the global potash market, a key source of potassium fertilizer, represent a compelling opportunity to create shareholder value. The Company is currently focused on the Lake Dinga Project in the Republic of Congo and has a highly experienced Board with a proven track record in identifying, operating and developing resource projects in Africa.
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