AFRICAN POTASH LIMITED
African Potash has a trading agreement with the Common Market for Eastern and Southern Africa (‘COMESA’) with a view to creating a vertical platform for the mining, production and distribution of fertiliser, focussed on the COMESA region and beyond.
The Company also has a non-binding Memorandum of Understanding with the Government of Uganda to support the development of a fertiliser industry in Uganda, which will seek to help ensure the availability and effective distribution of fertilisers to Ugandan farmers.
In September 2016, initial deliveries were made under the agreement with Zambia Co-Operative Federation ('ZCF'). These sales are under the umbrella of the Zambian government e-voucher scheme, whereby subsidies are given direct to the individual farmer by means of an electronic-voucher on a pre-paid card. The e-voucher scheme is moving from the pilot stage with the program now being rolled out by the Zambian government.