Not too long ago, Uralchem made public its plans to build a mega-complex for the production of fertilizers in Angola. This follows a framework developed during the Russia-Africa Economic forum aiming to bring Russia closer to numerous African countries for the purpose of growth and continuity.
Dmitry Mazepin, in respect to his ambitious spirit, wasted no time visualizing yet uncovered possibilities that this partnership would bring. See, Africa is one of the most agriculturally rich regions with infinite potential. But owing to poor management, primitive farming practices, and other unforetold reasons, Africa remains one of the places where food growth and production remain vividly low.
While looking to break new ground, it is now out that Uralchem has decided to set up base in Angola. This follows the signing of a Memorandum of Understanding-MOU between Russia’s JSC Uralchem deputy chairman Dmitry Konyaev and Angola’s President Groupo Opiya S.A.
Word going around is that Dmitry Mazepin, in his quest to expand his company Uralchem has his sights on Africa at large. In fact, talks are already underway between Dmitry Mazepin and other established African countries like Kenya, Zimbabwe, Mozambique, and Zambia.
- Here are more Details Regarding the Uralchem-Angola Project
Angola, besides being oil-rich, is also perfect for agriculture. It’s unique terrain and vast bare land increases its potential towards becoming a food secure country if the right measures, structures and resources are put in place.
The fertilizer production complex set to be built here, is, therefore, a step towards the right direction not only for Angola but also for Dmitry Mazepins’ Uralchem.
- How Much Will the Project Cost?
According to the reports, this project will cost between $1.2 Billion and $1.3 Billion from start to completion. While all the official documents remained signed and sealed, the actual groundbreaking is set to start in 2023.
Between now and then, Uralchem will be trying to gather funds and access sponsorship through bank financing and other interested investors to raise the amount needed to facilitate the project. On the other hand, Angola is tasked with scaling, sifting, and searching for the right area big enough and suitable enough to build the proposed fertilizer production plant.
During the signing ceremony, Dmitry Konyaev noted that “The planned production capacity of the complex is 1.2 million tons of urea. For the construction of the plant, we lay from 4 to 5 years. We hope that our cooperation with Grupo Opaia will be fruitful, and we will be able to provide Angola and bordering countries with qualitative fertilizers.”
In his speech, Dmitry added that there exist valid opportunities for the existing food issues and shortages present in Africa. He hinted towards helping to find viable solutions to overcoming technological snags and streamlining logistics problems not only in Angola but in Africa as a whole.
Dmitry Konyaev was also quick to add that both African and Russian government institutions, development organizations, and business stakeholders had an important duty to fulfill concerning helping propel their countries forward. He mentioned that Uralchem was ready to invest in Angola not only by building the mega fertilizer production plant but by also offering high-quality fertilizer, digital solutions and consultation services to the farmers here.
As more discussions between the two countries continue, the future has never seemed brighter for Angola with projects such as this daring to bring an end to all of the country’s food insecurities.
